The investment by eWTP Technology and Innovation Fund is a "seven-digit figure," the company's CEO Tran Van Truong told DealStreetAsia.

People shop in a Homefarm store in Hanoi.

Homefarm, which has around 150 stores that sell meat, fish and groceries imported from several countries including the U.S., Australia and South Korea, plans to have 1,000 by 2025, he said.

The funding was through ReDefine Capital Fund, a Singapore-registered investment entity controlled by eWTP.

The $600-million eWTP Technology and Innovation Fund was set up in 2018 with Chinese billionaire Jack Ma's Alibaba and Ant Group as cornerstone investors.

It reportedly invested recently in Vietnamese retail company Ficus Asia Investment and ed-tech firm Educa Corporation.

Vietnam’s overseas investment soars 74% in eight months

Vietnam’s overseas investment surged 74.1% year on year to US$575 million in the first eight months of 2021, according to the Ministry of Planning and Investment.

Vietnam and Chile strengthen trade and investment cooperation

The Vietnamese Embassy in Chile and the Chile-Vietnam Chamber of Commerce have held a seminar to examine cooperation opportunities for 2021-2022 as part of the activities marking the 50th founding anniversary of Vietnam-Chile diplomatic relations.

Bac Giang approves 7 projects for investment

(BGO) – The People’s Committee in Bac Giang province has approved for the list of seven projects for investment attraction in Viet Yen, Luc Nam and Tan Yen districts.

Bac Giang attracts over 870 million USD of investment in eight months

(BGO) – The northern province of Bac Giang attracted total investment of 72.4 million USD in August 2021, accounting for 93.18 percent against the figure at the same period last year.

Foreign investment poured in Vietnam despite Covid-19

Despite impacts of the Covid-19 pandemic, Vietnam is still attracting foreign investment in its electronic industry, technology website Digitimes, based in Taiwan (China), has reported.

Source: VnExpress