South Korean venture capital firm TheVentures has completed the buyout of Chicken Plus Vietnam, while VinFast has announced its entry into Indonesia’s e-scooter market through the signing of MoUs with strategic dealers in the country.
TheVentures buys management rights to Chicken Plus Vietnam
South Korean venture capital firm TheVentures has completed the buyout of Chicken Plus Vietnam, marking its latest bet on the country’s consumer sector.
The Korean VC has acquired a 65% stake in the local Vietnamese dining company, The Asia Business Daily reported.
Chicken Plus Vietnam operates 75 outlets nationwide. The existing management team and staff will remain in place, with only the controlling shareholder changing hands.
As part of its post-acquisition strategy, the company plans to sharpen its focus on strengthening its delivery model.
The deal underscores TheVentures’ growing interest in Vietnam and the wider Southeast Asian F&B market. Beyond food services, the firm is also eyeing opportunities in the entertainment industry and is said to be planning a Vietnam-focused film investment fund. Its existing Vietnam portfolio includes influencer marketing platform Ecomobi and food-tech startup Refeed.
VinFast enters Indonesia’s e- scooter market
VinFast has announced its entry into Indonesia’s e- scooter market through the signing of Memoranda of Understanding (MoU) with strategic dealers in the country.
Accordingly, VinFast has signed strategic MoUs with its first partners in Indonesia, including K3, Citra Abadi Sedaya, PT Bevos Auto Mandiri, PT Sapta Jaya, MotorArt, PT Sinergies Dua Kawan, and PT HINU.
VinFast will begin rolling out its distribution network in the Jabodetabek area—Indonesia’s largest economic and urban centre—from the second quarter of 2026, with plans to expand to other regions nationwide.
In Indonesia, VinFast plans to introduce a portfolio of battery-swapping e-scooters, including VinFast Evo, VinFast Feliz II, VinFast Flazz and VinFast Viper, alongside additional new models to be launched in due course.
Throughout 2026, VinFast aims to further expand its footprint to hundreds of authorised dealerships and service workshops nationwide. The company’s development strategy in Indonesia is designed as an integrated ecosystem, combining retail and after-sales networks, financing solutions, charging and battery-swapping infrastructure through cooperation with V-Green, and partnerships with leading financial institutions.
“Indonesia is a strategic market in VinFast’s global e-scooter expansion journey. Partnering with leading local dealers underscores our partners’ confidence in VinFast’s product quality, service standards, flexible battery-swapping model, and long term vision. We are committed to accompanying Indonesian consumers on their transition toward a greener, smarter, and more sustainable future of mobility,” said Vo Thi Cam Tu, Managing Director of VinFast E-Scooters Overseas Market.
