OnPoint, an e-commerce enabler in Vietnam has successfully raised 50 million USD in a series B fund-raising round from SeaTown Private Capital Master Fund managed by SeaTown Holdings International, an indirect wholly-owned subsidiary of Singapore’s Temasek Holdings.
The Ministry of Agriculture and Rural Development (MARD) is seeking the Prime Minister’s approval for a project on planting at least 1 billion new trees by the end of 2025 for the country’s sustainable growth.
With power transmission lines and sub-stations getting overloaded in some provinces, authorities and experts have urged the Government to allow renewable energy investors to install transmission systems and transfer them to the Vietnam Electricity (EVN) for operation.
The Republic of Korea (RoK) has agreed to cooperate with Vietnam in sharing experience in mobilising private investments for infrastructure development.
New financial sources, particularly from the private sector, will help Vietnam further develop its energy industry, according to a new World Bank report on maximising finance for Vietnam’s energy development.
Infrastructure development projects in Southeast Asia will create significant financing needs and the Association of Southeast Asian Nations (ASEAN) must do more to attract private capital to plug the gap, said Singaporean Minister of Finance Heng Swee Keat.
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