FiinRatings said that the Vietnamese Government and EVN should implement reforms, undertake restructuring measures, and enhance its governance capacity.
Singaporean start-up Insider recently announced it has raised US$121 million in series D funding, giving it a valuation of $1.22 billion and making it the second business-to-business Software-as-a-Service (B2B SaaS) unicorn in Asia.
Tech giant VNG has invested US$22.5 million in Telio, the first business-to-business e-commerce platform in Viet Nam, in its pre-series B funding round.
The banking sector will provide enough credit to businesses at supportive interest rates this quarter to help revive them, according to the State Bank of Vietnam’s HCM City branch.
Geniebook, Singapore’s online learning platform for the English, Mathematics and Science (EMS) syllabus, has secured US$16.6 million in a Series A funding round which was led by East Ventures, Lightspeed Venture Partners and several prominent angel investors.
CredoLab, a Singapore-based developer of bank-grade digital credit scorecards based on smartphone metadata, has secured US$7 million in its Series A round funding led by GBG, the global specialist in Identity Data Intelligence.
Viet Nam-based e-commerce enabler OnPoint closed over US$8 million in Series A funding round to accelerate its revenue growth and to develop innovative e-commerce solution for its roster of blue chip clients.
Telio, Viet Nam’s first Business-to-Business (B2B) e-commerce platform, has successfully raised a US$25 million Series A funding round led by investor Tiger Global.
Sky Mavis, the parent company of blockchain-based game Axie Infinity, closed their funding round at US$1.5 million led by Animoca Brands with participation from Hashed, Pangea Blockchain Fund, ConsenSys, and 500 Startups.