Policy & Regulations
VinFast started selling vehicles in the United States in 2023.
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OpenAI launches new series of AI models with 'reasoning' abilities
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Blackstone mulls selling stake in visa firm VFS Global
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US auto safety regulator opens probe into some VinFast EVs
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China's Ant Group refinancing $6.5b credit line
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SUSI Partners buys 39 MW wind farm in Vietnam from Norway's Scatec
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Private Equity
This acquisition has been routed through SUSI Asia Energy Transition Fund (SAETF).
Deals
VPCA’s member firms include Do Ventures, AVV, and GGV, among several others.
The Vietnamese PE firm had earlier targeted to raise $150 million for the fund.
Indonesian startup NutriMotion has secured seed funding from Argor Capital.
Analysis
Local rivals Xanh SM and Be Group have overtaken Gojek in Vietnam.
World Bank member IFC is considering an equity investment of $15 million in the vehicle.
Unicorns
The company has appointed vice-president Kelly Wong as acting CEO.
The move will allow Zalopay to offer lending and investment products.
GoTo’s presence is now limited to home country Indonesia and Singapore.