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Focused on smaller cities, Vietnamese grocery platform Mio secures $8 mln Series A

Vietnam online grocery platform, Mio, has raised $8 million in Series A, less than a year after its seed round.

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IFC increases loan package for Seabank to $220 million

International Finance Corporation and international lenders have increased the loan package granted to Southeast Asia Commercial Joint Stock Bank to $270 million from $150 million.

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Number of billion-dollar public firms in 2021 TOP 50 list hits record high to 22

Top 50 listed companies in 2021 voted by Nhip Cau Dau Tu Magazine and Thien Viet Securities has 22 firms having market capitalization from $1 billion, with four new firms.

News

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Samsung Vietnam’s 2021 revenue hits $74.2 bln, up 14%

Overcoming the difficulties caused by the COVID-19 pandemic, Samsung Vietnam recorded $74.2 billion revenue in 2021, up 14% compared to 2020, the company said in a statement.

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HCM City plans to start construction of Metro Line No. 2 this year

Ho Chi Minh City will begin construction of Metro Line No. 2 in 2022, according to the municipal Department of Transport.

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Vietnam’s coffee exports expected to reach $6 billion in 2030

Coffee export turnover in Vietnam has been projected to reach $5-6 billion in 2030, doubling the current export value, according to Vietnam Coffee and Cocoa Association.

Economy

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Vietnam’s economic growth expected at 5.5% in 2022: World Bank

Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5% from 2.6% in 2021, according latest forecast from World Bank.

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Vietnam’s industrial output projected to grow 7-8% in 2022

Vietnam government is targeting 2022 industrial output growth of 7-8%, faster than last year's 4.8% increase, according to a government official.

Companies

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Phu Nhuan Jewelry reports 2021 after-tax profit at over VND1 trillion, down 4%

Vietnam’s leading jewelry maker has reported 2021 after-tax profit at VND1,037 billion ($46 million), down nearly 4 percent from a year ago, according to the company statement.

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With $7.4 bln valuation, Masan Group ranked among Top 50 listed companies in Vietnam

Masan Group has been named among the Top 50 Listed Companies in Vietnam by Nhip Cau Dau Tu Magazine.

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Quadria Capital injects $90 mln into Vietnam’s baby-care retailer Con Cung

Quadria Capital, Asia’s leading healthcare investment firm announced a $90 million investment in Con Cung, Vietnam’s largest and fastest-growing mom and baby retail network, the healthcare investment firm stated on Tuesday.

Market

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HSC reports $50.5 mln after-tax profit in 2021, up 116%

Ho Chi Minh City Securities Corporation (HoSE: HCM) reported 2021 after-tax profit at VND1,147 billion ($50.5 million), an increase of 116 percent from a year earlier, according to the company’s statement.

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Bank of America recommends a BUY for Masan, says stock could rise 32%

Bank of America initiates Masan with a BUY while suggesting a target price for the stock at VND198,600 ($8.7) from the current VND150,000 ($6.6).

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Vietnam’s stock market to welcome a Taiwan fund with a scale of trillions dong

Jih Sun Vietnam Opportunity Fund will disburse 50% of its assets into listed stocks. In which, the proportion of shares in the Vietnamese market is not lower than 70%, reported Bloomberg.

Real Estate

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Warburg Pincus-backed BW acquires 7.4 ha of land in DEEP C Industrial Zones

BW Industrial Development JSC, Vietnam’s leading industrial real estate developer co-founded by Warburg Pincus and Becamex IDC, has acquired 74,000 square meters of prime land from DEEP C.

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Hung Thinh signs strategic partnership with various partners for tourism development

Hung Thinh Group, one of the major real estate developers in Vietnam, has formed a strategic partnership with tourism firm Vietravel to promote tourism in Quy Nhon city.

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New trends identified for real estate market in 2021

Vietnam's real estate market is forming new trends with many prospects.

World

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Jeff Bezos to Step Down as Amazon CEO; Andy Jassy to Take Over

The company announced changing roles as it reported that revenue in the fourth quarter soared 44% to $125.56 billion

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China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal

China has so far failed to meet its committed purchases of U.S. goods under the “phase one” trade deal that it struck with the Trump administration.

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Signal and Telegram downloads surge after WhatsApp says it will share data with Facebook

Downloads of privacy-focused messaging apps Signal and Telegram got a boost as users looked for alternatives to Facebook-owned WhatsApp over concerns about changes to the service’s privacy policy.