VinaCapital Ventures, a technology-focused venture capital fund of the Ho Chi Minh City-based VinaCaptial Group, has announced an investment of US$1 million into Koina, an agritech startup founded in Vietnam.

Last week, the State Bank of Vietnam decided to put Saigon Joint Stock Commercial Bank (SCB) under special control and revamped the bank’s management to help the bank stabilize its operation, but analysts said the recent problem at SCB does not have any potential consequences on the banking system.

High-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said.

The Vietnamese economy is likely to grow 10% year on year in the third quarter of this year, driven by strong domestic consumption, according to Michael Kokalari, chief economist at VinaCapital, one of the country’s leading investment management and real estate development companies.

VOV.VN - Prime Minister Pham Minh Chinh received executives of Warburg Pincus and Glenfarne Group in New York on May 15, and attended the opening ceremony of an office of FPT Software, a subsidiary of the FPT Group, in New York city on May 15, as part of his working visit to the US and the UN.

VOV.VN - The British Embassy in Vietnam and the Carbon Trust co-organised the webinar “Post COP26: The Role of Corporates and Financial Institutions in Accelerating Vietnam’s Net Zero Transition”.

Vietnam is poised to emerge strongly from the COVID-19 pandemic and place itself firmly on the radar of foreign investors, buoyed by rapid industrialisation and a fast-growing middle-class, experts told AsianInvestor which focuses on the region’s investment industry.

The strong development of the stock market, with rising retail investors and financial investment demand, has prompted many banks to cooperate with securities firms and fund management companies to add more cross-selling products.

VOV.VN - VinaCapital, one of Vietnam’s most experienced asset management companies, has forecast that the country’s GDP growth rate this year is likely to expand by 6.5%, or 1% lower than its previous forecast.

Vietnam’s economy is forecast to grow beyond expectation in 2022 as domestic demand rebounds and foreign direct investment (FDI) inflows remains stable.