Vietnam
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.
Vietnam’s VinFast to build electric vehicle factory in North Carolina next week
Vietnamese automaker VinFast has announced that it will hold the groundbreaking ceremony of its electric vehicle factory in North Carolina on July 28. The factory is expected to start production in 2025.
Tracxn: Vietnam’s tech startup ecosystem sees 82 percent plunge in funding
Total funding into Vietnam tech startups fell 82 percent to $66 million in the first half of 2023 from $372 million in the first half of 2022, indicating a funding winter in the region, Tracxn Technologies Ltd. said Monday.
Annica Witschard on Home Credit’s strategy for improving financial inclusion, access, and literacy in Asia [Q&A]
Annica Witschard, CEO of Home Credit Vietnam, outlined the company's strategic initiatives in expanding #financialinclusion, especially in marginalized communities. The company uses #AI and data-driven modeling to facilitate democratic #lending, particularly for those with no #credit history. She also underscored the importance of financial literacy,…
