Vietnamese unicorn seeks ways to attract capital from US stock market
VNG Corporation, a technology "unicorn" of Vietnam, is considering listing shares in the United States through a merger with a special purpose acquisition company (SPAC) at a valuation of about 2-3 billion USD.
VinFast is estimated to be valued at more than $50 billion in an IPO plan at the New York Stock Exchange (NYSE). (Photo: baodautu.vn)
Hanoi (VNA) - VNG Corporation, a technology "unicorn" of Vietnam, is considering listing shares in the United States through a merger with a special purpose acquisition company (SPAC) at a valuation of about 2-3 billion USD.
In April this year, another big corporation also revealed that it would get an initial public offering (IPO) at the New York Stock Exchange (NYSE) for a member company with the expectation of raising about 3 billion USD. The estimated valuation of the member company is more than 50 billion USD.
VNG and some Vietnamese businesses taking part in the "hot" market of SPACs in the US is a way to raise capital for promoting growth.
Neither VNG nor the above-mentioned group has confirmed this, but for VNG, the move is clearly within its strategic roadmap. In 2017, Le Hong Minh, Chairman and CEO of VNG and Vice Chairman of Nasdaq Group Bob McCooey signed an agreement to accelerate the IPO process between VNG and Nasdaq.
At that time, McCooey affirmed that one of the main reasons for reaching the agreement was that VNG was the first technology start-up in Vietnam to experience outstanding growth and it could be the focus and symbol for the Vietnamese economy.
Minh said that making the IPO in the US was a challenge, but it would create motivation for the corporation to move faster into the global market.
꧟ Raising capital on the US stock market can be a good opportunity for Vietnamese businesses. However, according to Vietnamese stock market managers, the target of SPACs is enterprises with a high growth rate of 20 – 30 percent per year, operating in key economic fields, and obtaining an annual profit of about 8 million USD. Therefore, to convince international investors, it is necessary for Vietnamese businesses to show off their attractive figures and stories./.
International media such as Japan’s Nikkei, Sputnik (Russia) and the Global Business Outlook have acknowledged that Vietnam’s economy has a great potential for foreign investors.
Top Vietnamese internet company, VNG Corporation, is eyeing new fintech solution partners at Enterprise Singapore (ESG)’s inaugural Southeast Asian Open Innovation Challenge at the Singapore Week of Innovation and Technology 2020 (SWITCH 2020) from December 7 to 11.
The Vietnam Salt One Member Limited Liability Company (Visalco) will put nearly 1.28 million shares up for sale at its initial public offering (IPO) on April 12.
The Vietnam Salt One Member Limited Liability Company (Visalco) launched the initial public offering (IPO) on the Hanoi Stock Exchange (HNX) on April 12.
Over the past decade and a half, VNG has diversified into cloud computing, ads, digital payments and media, and built up one of the biggest digital user bases in Vietnam, said an article recently published on the Japanese newspaper Nikkei Asia.
Conducting an initial public offering (IPO) to list on a foreign stock exchange not only helps Vietnamese companies attract investors but also strengthens their status and the country’s profile in the world.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
VinFast is estimated to be valued at more than $50 billion in an IPO plan at the New York Stock Exchange (NYSE). (Photo: baodautu.vn) 
