With the exchange rate at VNĐ25,356 buying a dollar, Masan will receive VNĐ6.228 billion in net cash from this investment which will significantly improve Masan’s balance sheet.
Boston-based management consulting firm Bain & Company on Wednesday announced the opening of its first office in Việt Nam, further strengthening its presence in Southeast Asia.
Vietnamese digital economy will also explode strongly with a growth rate of 31 per cent this year over the same period last year, reaching $21 billion.
Southeast Asia’s digital economy remains resilient at $100 billion in gross merchandise value despite headwinds and is on track to cross $300 billion in GMV by 2025.
The Southeast Asian internet economy has expanded by 39 per cent this year to hit US$100 billion for the first time, according to a report released by Google, Temasek and new partner Bain & Company on Thursday.