Uber’s recent exit from Vietnam has prompted many local and regional companies to eye a larger slice of the ride-hailing market in the country. 

Despite the latest proposal on raising the foreign ownership limit in aviation business to 49 per cent, the stake sales of the most influential corporations in the sector still face challenges ahead with conditional requirements.

For the first time, foreign invested enterprises’ revenue and specific contributions to Vietnam’s state budget have been revealed, with the electronics and garment-textile industries being their biggest earners.

Retail, consumer goods, and real estate are forecasted to lead the Vietnamese mergers and acquisitions (M&A) market in 2018. In addition, the value of the M&A market is forecast to stay above $6 billion.

Vietnam’s catfish exports have been robust this year but the country’s overwhelming dependence on the increasingly competitive Chinese market remains a matter of risk.

Despite recent drops in the VN-Index, Vietnam is still seen as a major destination for mergers and acquisitions in Asia.

Japanese real estate investors are moving towards an increasing presence in a range of large-scale projects in Vietnam.

Mytel, the Viettel-owned mobile operator based in Myanmar, has signed up more than two million subscribers in just one month since officially starting operations.

Vemanti Group, Inc., a technology-driven holding company, has entered into a definitive agreement to take 20% equity interest in eLoan JSC (eLoan), a Ho Chi Minh City-based fintech company. The deal’s value has yet to be disclosed.

Mumuso is facing a fine of VND100 million (US$4,440) by the Ministry of Industry and Trade (MoIT) due to the company’s unlawful practice of deliberately misleading consumers as to the origin of its goods or providing insufficient information.