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Vietnam Newsletter - February 2022

Updated: Mar 9



Market summary


  • February was a slow month with a total deal size of USD386m, mostly due to Tet holiday when businesses put their feet on the brake

  • The Financial sector was the key contributor with USD196m, mainly coming from the public offering of stock trading company VIX

  • Real Estate market is the next highest contributor with USD91m, led by the private placement of USD44m of Transport and Industry Development Investment JSC and the USD32m M&A between developer Sunshine Homes and construction company Xuan La

  • Energy sector saw Bamboo Capital raising USD52m after its latest private placement


Aggregate Deal Values = USD386m

 

This month’s top deals


Technology

Looking Glass Labs to Acquire Development Division of LACA Solutions and Establishes APAC Web3 Office

Summoners Arena officially closed the seed round with 3 million USD

App of Baemin's former COO raised 3 million USD

OpenCommerce Group raises $7M in a Series A round backed by VNG and Do Ventures

Selly successfully raised $2.6 million from 5 investment funds

Article links:

Looking Glass Labs to Acquire Development Division of LACA Solutions and Establishes APAC Web3 Office

Summoners Arena officially closed the seed round with 3 million USD

App of Baemin's former COO raised 3 million USD

OpenCommerce Group raises $7M in a Series A round backed by VNG and Do Ventures

Selly successfully raised $2.6 million from 5 investment funds


Real Estate

Khang Dien (KDH) contributed nearly 350 billion VND to Gia Phuoc Real Estate subsidiary

Sunshine Homes plans to spend 756 billion VND to buy Xuan La Construction Company

Bamboo Capital, TPS and SHS buy 46 million privately issued shares of Tracodi

Article links:

Khang Dien (KDH) contributed nearly 350 billion VND to Gia Phuoc Real Estate subsidiary

Sunshine Homes plans to spend 756 billion VND to buy Xuan La Construction Company

Bamboo Capital, TPS and SHS buy 46 million privately issued shares of Tracodi


Manufacturing

Thanh Nam Group (TNI) approved the plan of private placement of 52.5 million shares

Article links:

Thanh Nam Group (TNI) approved the plan of private placement of 52.5 million shares


Financial services

VIX exercises buy right for new issued shares

VIG Securities wants to double capital, TIG is expected to own 11.7%

Article links:

VIX exercises buy right for new issued shares

VIG Securities wants to double capital, TIG is expected to own 11.7%


Logistics

Hoang Ha offers 12 million individual shares to 2 fund management companies

Article links:

Hoang Ha offers 12 million individual shares to 2 fund management companies


Energy

Bamboo Capital (BCG) is about to offer 60 million shares to increase charter capital

Bamboo Capital Joint Stock Company announced a private placement of 60,000,000 shares of par value, VND 10,000 at a price of VND 20,000 per share for gross proceeds of VND 1,200,000,000,000 on February 18, 2022. The transaction was approved by board of directors of the company. The company expects to close the transaction in 1st and 2nd quarters of 2022, after being approved by the State Securities Commission.

Article links:

Bamboo Capital (BCG) is about to offer 60 million shares to increase charter capital


Healthcare

AppWorks leads $1 million round in Vietnamese healthcare booking app Docosan

AiHealth announce that it has raised $1 million in a round of funding from AppWorks Venture Fund on February 1, 2022.

Article links:

AppWorks leads $1 million round in Vietnamese healthcare booking app Docosan


Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.

*USD1.00 = VND22,780.00




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