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Alibaba, Baring Private Equity Asia invest $400 mln in Masan’s retail arm

A consortium formed by Alibaba Group and Baring Private Equity Asia agreed to inject $400 million into The CrownX, an integrated consumer retail arm of Masan Group, according to a statement.

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Japan’s Hitachi purchases 35% stake in Trung Nam Group's wind farm

Hitachi SE, an arm of Hitachi Group, has expanded renewable energy business in Vietnam by signing a strategic cooperation agreement with Trung Nam Wind Power JSC, a unit of Trung Nam Group.

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Vingroup targets 54 percent revenue growth

Vietnam’s largest private conglomerate, Vingroup, has set a revenue target of VND170 trillion ($7.3 billion) for 2021, up 54 percent year-on-year.