Vietnam

BYD Electronics (Vietnam), under Chinese giant BYD, was granted a certificate to increase its investment in Vietnam's northern province of Phu Tho to $479.8 million.

The optimal development path for startups in Vietnam at the moment is to join conglomerates, such as via merger & acquisition (M&A) deals, instead of striving for initial public offering (IPO), said Erik Duong, founder of Web3 X, an investment fund and incubator specializing in Web3 and Blockchain startups.

OKG Ventures Limited, associated with OKG Technology and OKX Ventures, has contributed VND1,000 billion ($37.9 million) in the charter capital of Vietnam Prosperity Crypto Asset Exchange Joint Stock Company (CAEX), one of the first crypto trading platforms in Vietnam.

Vietnam's affordable airline Vietjet and China's SPDB Financial Leasing (SPDBFL), a subsidiary of Shanghai Pudong Development Bank, have signed an agreement for the finance lease of 10 COMAC C909 aircraft.

Vietnam is planning to establish a national artificial intelligence (AI) development fund, with the State budget funding at least VND30,000 billion ($1.14 billion), according to the Ministry of Science and Technology's draft decree for the fund.

Farmnet, the Vietnam-based trading arm of agricultural supply chain firm TechCoop, has received a $11.75 million senior secured loan from Symbiotics, a Geneva-based impact investment firm.

Foxconn, also known as Hon Hai Precision Industry, will invest $58.3 million more in its Vietnamese subsidiary Fushan Technology (Vietnam), according to a filing of the Taiwanese electronic giant sent to the Taiwan Stock Exchange (TWSE) on Wednesday.

VinSpace, the aerospace subsidiary of Vietnam's conglomerate Vingroup, is developing nanosatellite technology with plans to launch its first satellites into orbit by 2027, as part of efforts to build a domestic space industry supporting socio-economic development.

HDBank, associated with Vietnamese female billionaire Nguyen Thi Phuong Thao, has signed a strategic partnership with the London Stock Exchange to support Vietnamese businesses in accessing international capital markets, alongside plans to issue up to $300 million in green bonds.

POSCO Future M will invest at least $400 million in Song Cong 2 Industrial Park in Thai Nguyen province, northern Vietnam, in order to build its first large-scale battery materials manufacturing facility in Vietnam.