South Korean firm to invest $700 mln towards cashless payment in Vietnam

Japan's Sumitomo has invested $37 million in a major port operator to take advantage of Vietnam’s growing logistics demand.

VinaCapital Ventures has invested $4 million in Rever, a tech-enabled real estate brokerage company.

The HCMC Transport Department and South Korea’s technology firm DATAM are planning to invest $525 million in building small electric buses.

Hyundai Group is eyeing Vietnam’s transnational high-speed railway project, controversial for its feasibility and high costs.

Thai agricultural conglomerate CP Foods will invest $200 million to create an export hub in Vietnam to take advantage of its TPP membership. 

FPT Corp. and Japan’s SBI Holdings will invest $3 million in Utop, a retail point rewards program in Vietnam.

FLC plans to increase the charter capital of its Bamboo Airways by VND700 billion ($30.1 million) through an equity issue.

The U.S.’s Universal Alloy Corporation began construction of its $170 million Sunshine aerospace components factory in Da Nang Friday. 

U.S. corporation UAC will manufacture aircraft components at a $170 million factory in Da Nang.

South Korea’s Seoul Metro Corporation has proposed a Da Nang rail network with 2 metro and 8 tramway lines. 

Swedish furniture retail giant IKEA plans to invest an estimated $450 million to set up a retail system and warehouses in Hanoi.

Vingroup is expected to invest VND1.2 trillion ($51.38 million) in a "Smart Electronics Factory” that will produce smartphones as its first products next year.

Vietnamese telecommunication company Viettel has set its sights on the Philippines as the next destination in its overseas expansion drive.