Vietnam
Touchstone Partners and Temasek Foundation launch global climate innovations competition in Vietnam
Touchstone Partners, a Vietnam-based early-stage venture capital firm, and Temasek Foundation, a Singapore-based, non-profit philanthropic organization, have on Tuesday co-launched Net Zero Challenge 2023 (N0C 2023), a global climate innovations competition, in partnership with the Ho Chi Minh City Institute for Development Studies (HIDS). The competition…
Tracxn : Vietnam’s FinTech sector funding plunges 67 pct in first half amid global economic uncertainty
The FinTech sector in Vietnam has experienced a significant downturn in funding throughout 2023, largely attributed to the lingering effects of the funding winter and the prevailing global macroeconomic uncertainty, Technologies Ltd said on Friday. The first half of 2023 has seen a remarkable drop in Vietnam FinTech funding, with total funding dropping 67…
Vietnamese EV maker VinFast debuts on NASDAQ after completing SPAC merger
Vietnamese electric vehicle (EV) automaker VinFast Auto Ltd. (VinFast) has made a strong debut on Nasdaq on Tuesday. The stock opened at $22, more than double the $10 per share agreed with VinFast's special purpose acquisition company (SPAC) partner Black Spade Acquisition (Black Spade) that had valued VinFast at $23 billion. The stock ended at $37.06 on…
VinFast and Black Spade complete business combination
Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Monday announced the completion of their previously announced business combination. The listed company shares and warrants will commence trading on the Nasdaq Stock Market LLC (Nasdaq) under the ticker symbols “VFS” and “VFSWW,” respectively, on August 15,…
US’s Lineage partners Vietnam’s SK Logistics to expand network in Southeast Asia
United States-based logistics firm Lineage Logistics has on Friday announced it has partially closed a joint venture arrangement with Vietnam-based cold-storage warehouse operator SK Logistics. While financial terms of the transaction were not disclosed, Lineage Logistics said the joint venture allowed the firm to expand its network in Southeast Asia.
Black Spade’s shareholders approve business combination with VinFast
Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Thursday announced that their previously announced business combination was approved at an extraordinary general meeting (EGM) of Black Spade’s shareholders. The business combination is expected to close on August 14, 2023.
Apple Pay launches in Vietnam
According to local media VN Express International, Vietnam is the third country in Southeast Asia to allow Apple Pay after Malaysia and Singapore.
Gojek to feature on-demand food delivery offering GoFood on MoMo
Gojek has on Monday announced that its on-demand food delivery feature, GoFood, is now available on the MoMo platform, in a partnership that continues to leverage the extensive and comprehensive synergies between Gojek and MoMo.
US’s SEC declares effective for Vinfast and Black Spade merger
Vietnamese automaker VinFast Auto Pte. Ltd. (VinFast) and special purpose acquisition company Black Spade Acquisition Co (Black Spade) have announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement of their proposed business combination.
Vietnam’s GIMO raises $17.1M in funding led by TNB Aura to fuel expansion
GIMO, a Vietnam-based FinTech startup, has announced the completion of Series A funding round with total capital raise of up to $17.1 million. The round is led by TNB Aura, with participation from the company’s existing backers including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.
