. MEKONG CAPITAL – 2Q18 NEWSLETTER for the period ended 30 June 2018 NEW INVESTMENT VUA NEM Sector: Bedding & Mattress Retail www.vuanem.com Mekong Enterprise Fund III announced its seventh investment, Vua Nem Joint Stock Company, in June 2018. Unlike other mattress retailers in Vietnam which are showrooms for a single brand, Vua Nem provides a wide range of products from many brands, in order to have the perfect solution for each customer. As of June 2018, Vua Nem has 41 stores nationwide. The company targets to expand its network to 300 stores by 2022. NEW INVESTMENT SPOTLIGHT ON INVESTEE COMPANIES
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MEKONG CAPITAL – 2Q18 NEWSLETTER for the period ended 30 June 2018
NEW INVESTMENT
VUA NEM
Sector: Bedding & Mattress Retail
www.vuanem.com
Mekong Enterprise Fund III announced its seventh investment, Vua Nem Joint Stock Company, in June 2018.
Unlike other mattress retailers in Vietnam which are showrooms for a single brand, Vua Nem provides a wide range of products from many brands, in order to have the perfect solution for each customer.
As of June 2018, Vua Nem has 41 stores nationwide. The company targets to expand its network to 300 stores by 2022.
NEW INVESTMENTSPOTLIGHT ON INVESTEE COMPANIES
SPOTLIGHT ON INVESTEE COMPANIES
ABA CORPORATION
Sector: Cold-chain logistics
www.aba.com.vn
F88
Sector: Personal lending
www.f88.vn
ABA has launched a less than full truck load (“LTL”) transport service akin to express delivery, providing a highly valued service for clients with low-volumes. The LTL service is anchored by the company’s existing client base demanding cold-chain transport between Ho Chi Minh City and Hanoi and is currently running on a fixed schedule 2 day per week. The LTL service offer will be used to fill remaining empty space in existing truck routes and will result in further margin expansion.
Mekong Enterprise Fund III announced its seventh investment, Vua Nem Joint Stock Company, in June 2018.
Unlike other mattress retailers in Vietnam which are showrooms for a single brand, Vua Nem provides a wide range of products from many brands, in order to have the perfect solution for each customer. As of June 2018, Vua Nem has 41 stores nationwide. The company targets to expand its network to 300 stores by 2022.
F88 opened 4 new stores in 2Q18, bringing the total number of stores to 42.
F88 also introduced 4 new services including i) motorbike title loan, ii) bill payment collection, iii) in-store collateral liquidation and iv) partnership with Lazada for their customers and shipping services to pick up goods at stores. These services have made F88 a one-stop store model for personal finance services.
LAUNCHED A
NEW SERVICEFOR SMALLER CLIENTS
NEW STORES
OPENED IN 2Q184
Some of data herein is the latest available to Mekong Capital at the date of this newsletter to be circulated. It might subject to be changed/updated lately
F88 opened 4 new stores in 2Q18, bringing the total number of stores to 42.
F88 also introduced 4 new services including i) motorbike title loan, ii) bill payment collection, iii) in-store collateral liquidation and iv) partnership with Lazada for their customers and shipping services to pick up goods at stores. These services have made F88 a one-stop store model for personal finance services.
In 2Q18, BiaCraft, the craft beer chain operated by Quan Ut Ut, opened its 3rd location in Ho Chi Minh City. The 250-seat facility spans three floors and features over 40-taps of local craft beers. The company is also gearing up for another Quan Ut Ut opening in Thao Dien, bringing the total number of outlets to six under the Quan Ut Ut & BiaCraft platform.
In May 2018, YOLA opened its 10th center in Ho Chi Minh City, which brings it up to a total number of 12 centers nationwide.
