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VinFast Vietnam, a budding organization specializing in the design and sale of VinFast vehicles, recently increased its capital funds substantially. The company doubled its capital from VND5.18 trillion to VND10.18 trillion, equivalent to US$388 million, by…
The Federal Council’s impending regulations on banking stability, not anticipated until late spring, have received a hopeful response from a coalition of parliamentarians from the National Council and the Council of States. This group has allegedly sent…
In a strategic move, Centurium Capital, a private equity firm based in China and a significant investor in Luckin Coffee, has reportedly purchased the specialty coffee chain Blue Bottle Coffee from multi-national conglomerate Nestlé. Acquisition Details…
The Vietnamese aviation sector has welcomed a new contender, Crystal Bay Airlines, bringing an infusion of VND300 billion (approximately US$11.4 million) into the industry. Established on November 6, 2025, the airline has a diverse range of operations…
Boyu Capital, a private equity firm from China, is leading the race to acquire a majority stake in Starbucks’ China operations, a deal that could potentially value the unit at over US$4 billion. Boyu Capital remains in the bid after the final contender,…
In a significant meeting held in Hanoi on Wednesday, Ali Ijaz Ahmad, chairman and CEO of Makara Capital Partners, expressed strong interest in expanding the firm’s footprint in Vietnam. Joined by other company executives, Ahmad highlighted the group’s…
Vietravel Airlines is embarking on an ambitious journey to double its charter capital to VND2.6 trillion (approximately US$99 million) in the first half of next year, buoyed by what they describe as “financial support” from SHB Bank. Shareholders Back Bold…
In an exciting development for the financial services landscape in Switzerland, former UBS executives are joining the dynamic team at Lumen Capital, an independent asset management firm based in Zurich. This move signifies Lumen Capital’s ambitious growth…
Pre-owned luxury fashion retailer Vestiaire Collective has completed a €40 million round of financing led by BPIFrance and new CEO Max Bittner. The new round is expected to facilitate the launch of new technology solutions for the fashion ecosystem, empower…
Vietnam private equity firm Mekong Capital has issued funding to pharmacy chain Pharmacity. Pharmacity is now the eighth company to receive funding from Mekong’s latest financing round, following the firm’s investment in mattress producer Vua Nem last year.…
Most Vietnamese banks fall short of international capital adequacy norms and have to focus on attracting foreign capital this year, Moody’s has said. The credit rating agency said in a release Monday that “the underdevelopment of the domestic capital markets”…
Foot Locker has announced a US$275 million capital expenditure program for this year, with Asia singled out as a target market. The investment is $75 million more than the US-headquartered sports-shoe and apparel retailer allowed for last year. “The capital…
Kamereo, a Vietnamese sourcing platform for restaurants, has raised $500,000 in seed funding from Japan’s Genesia Ventures and Velocity Ventures Vietnam. Japanese Taku Tanaka, founder of Kamereo, said the newly acquired money would be used to upgrade the…
LG Electronics announced on Thursday that it has opened an entrepreneurship center for young people at an existing technical and vocational education center run jointly by LG and the Korea International Cooperation Agency (Koica) in Addis Ababa, Ethiopia. The…
In an apparent u-turn, transport giant Tracodi has approved divestment of its 30 percent stake in Vinataxi. Just months after saying it intends to increase its stake in Vinataxi, renew its fleet and install driver software, the Transport and Industry…
LVMH-back private equity fund L Catterton Asia has partnered with Mitsui & Co to take an unspecified stake in fast-growing Japanese eyewear retailer Owndays. The funds will be used to accelerate the retailer’s across the Asia-Pacific region. Owndays, which…
