Want to be in the loop?
FIRST VENTURE SUMMIT OPENS IN HN
The 2019 Viet Nam Venture Summit opens in Ha Noi on June 10, attracting the presence of representatives of foreign funds to discuss new development trends and make specific financial commitments.
Minister of Planning and Investment Nguyen Chi Dung said that there were over 3,000 start-ups in Viet Nam in 2018, making the third largest in Asia. Over the last three years, total investment in start-ups surged sharply. Start-up absorbed US$ 899 million of investment in 2018, up three times against that in 2017 and five times against that in 2016.
The Vietnamese Government regards innovation as a driving force for growth in the coming time. Vietnamese management agencies have spared no effort to provide incentive policies and reform regulations to support start-ups.
Minister Dung revealed that the MoPI is working with relevant agencies to build and develop a national innovation center.
Hence, the summit will introduce Viet Nam’s business environment, start-up ecological system and the National Innovation Centre to participants, and acquire investors’ suggestions regarding the government’s support and others.
Discussions will focus on support and demand in financial technology, artificial intelligence and e-commerce, and experience in expanding business operations globally.
Minister Dung hoped that the summit will be held annually to promote innovation and encourage domestic firms to form venture funds.
U.S. News & World Report has just released the ranking of the best economies to invest in this year, showing large changes, with three new faces among the top five. In particular, Vietnam surpassed its Southeast Asian neighbours including Malaysia, Indonesia, and Singapore to rank eighth, massively boosting its 23rd position last year.
Despite promises that the $3 billion industrial complex proposed by the Lee & Man-Hokuetsu joint venture will create a breakthrough in foreign investment attraction for Ha Tinh province, authorities are mulling over environmental pollution risks.
Under the draft, tourism; culture and sports; telecommunications infrastructure; infrastructure for science and technology development; infrastructure at industrial parks, economic zones, industrial clusters, and high-tech parks; and infrastructure for rural areas and agriculture would be banned from running PPP projects.
We are pleased to introduce to all business owners in HKBAV association our ‘Business Plus’* -a programme that rewards companies and their employees for flying Cathay Pacific and Cathay Dragon. The more your company flies with us, the more Business Plus points your company earns, reaching a higher tier and unlocking more rewards and privileges.
1. Electric cables and electric wire supply-bid extend2. Anti – lightning system design and installation3. Electric and electronic equipment supply4. Network system supply and installation5. Sounder and Manual Alarm call Point supply----and more news
1. Crisis cycle is coming, operating rates need to be further cut 2. HSBC Vietnam appoints new CEO 3. State domestic revenue reaches 34.8 billion USD in eight months 4. Vietnam's coffee exports plummet in eight months 5. VSA opposes hike in import duties on HRC steel ----and more news