VENTURE CAPITAL POST

Flappy Bird, a mobile game created by Hanoi-Vietnam-based developer Dong Nguyen of dotGears Studios, hit the top spot of free mobile apps in the Google Play and iOS app stores, mainly because it is very challenging and frustrating.

The Vietnamese government plans to exit its stakes in 11 state-owned companies under the transport ministry via stock market listings to boost economic productivity and growth.

UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.

Vietnam has increased the foreign ownership caps in banks from the previous 15% to 20% in a bid to boost the country's ailing banking system, according to a government statement.

Singapore-based fund New Asia Investments invested an undisclosed amount to complete a new waste water treatment facility in Vietnam through its portfolio holding, GD Wasser.

Lazada, the "Amazon of Asia" has raised USD250 million from Rocket Internet to mainstream the company's position as the largest online retailer in Southeast Asia.

Vietnam-based Ho Chi Minh City Housing Development Commercial Joint-Stock Bank (HDBank) revealed an on-going discussion with three Japanese firms about the sale of 30% of its stake.

Chilean drug maker CFR Pharmaceuticals issued a formal bid to acquire 100% of the issued share capital of South African pharmaceutical company Adcock Ingram Holdings Limited for USD1.26 billion.

Vietnam is now in the process of allowing foreigners greater participation in local industry and cut back on government participation.

Vietnam's largest mall operator had recently decided to withdraw its IPO and bond listing in the SGX due to continued capital flight from emerging markets.

Vietnam announced plan to ban free chat applications to protect network providers in the country.

Vietnam's Finance Ministry submitted a proposal to relax foreign ownership restrictions by allowing foreigners to increase voting shares in non-conditional industries.

McDonald's signed a licensing agreement with Good Day Hospitality to open its first store in Vietnam.

Idemitsu Kosan Co. planned expansion in its Singapore unit even with an impending new refinery operation to start in Vietnam by 2017.

Vietnam is looking for expansion in its stock market from foreign investors after restrictions on foreign ownership limit is considered by its government.