On April 14th, 2021, representatives of Da Nang city had an online meeting with representatives of Tangier city (Morocco) on the 60th anniversary of the establishment of diplomatic relations between the two countries (1961-2021). At the meeting, representatives of Da Nang city shared the characteristics, potentials and similarities in the field in the development orientation of two cities, by this meeting, the two cities will continue to promote cooperation in a number of areas such as tourism, transportation, and trade. In addition, Da Nang i…
Vietnam has been considered as an attractive fit for family offices. The Vietnam’s stock market has been around fifteen ten years. Fund certificates in various forms are available such as close ended fund, open ended fund, Exchange Traded Fund (ETF). Foreign investors are now allowed to hold up to 49% shares in a listed company and this room has been in the process to change in the near future. Although Vietnam market is considered small for pension funds or the similar, this market is a right fit for family offices. Further, foreigners are no…
Vingroup (VIC) has announced that Vinhomes and a subsidiary of Vingroup have signed an agreement with GIC Private Limited – a Singapore Government’s investment fund. This event marked the continuous participation of Singapore investors, a familiar investor that has been and continues to invest in Vietnam. Accordingly, GIC will invest a total of 1.3 billion USD (equivalent to 29,500 billion VND) in two forms: purchasing in Vinhomes’ shares and providing a debt instrument for Vinhomes (such as loans) to implement the projects. Credit Suisse Limi…
Go-Jek – a car booking application from Indonesia has decided to pour 500 million USD to invest in Vietnam and 3 other countries. Go-Jek – Indonesia’s most popular car sharing application has announced it will invest about 500 million USD to join four new markets, which are Vietnam, Thailand, Singapore and the Philippines in the coming months. Initially, they will only provide carpooling services, then expanding to other forms later. Starting with carpooling, Go-Jek now offers food delivery service, online grocery stores and payment. Last year…
Vingroup has just announced that they will manufacture electronic devices, starting with the smartphone branded Vsmart. Implementing the strategy to expand the field of industrial production, following the VinFast automobiles and electric scooters production project, Vingroup established VinSmart Company with a charter capital of 3,000 billion VND. VinSmart will operate in two main areas. The first is the production of smart electronics, starting with smart phone branded Vsmart. The second is research, experiment and application of artificial …
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