New investment firm Do Ventures has raised $28 million for its Do Ventures Fund I to invest in Vietnamese tech startups.
Despite the COVID-19 pandemic rocking the boat, proptech startups are moving to provide multi-functional services to meet the increasing demand for online and remote trading and also receive new investments.
Vietnam’s great changes in legal framework on investment have significantly increased the country’s attraction to foreign capital inflows. Minh Nguyen, partner at accounting and tax advisors Mazars in Vietnam, delves into the importance of regulatory sandboxes and mentorship programmes for motivating new economic models.
The evolution of connection technology is an inevitable trend for local startups that demand large investments to complete their relative products.
The establishment of the National Startup Support Centre is expected to tighten the connection between innovation hubs and incite them to operate in a more sustainable way.
NINJA Accelerator in Ho Chi Minh City, a 3-month startup acceleration programme, had its inaugural launch in the city today.
The State-run Techo Startup Center (TSC) and private financial institution Advanced Bank of Asia Ltd (ABA Bank) on August 14 signed a Memorandum of Understanding (MoU) on cooperation to support financial technology (fintech) start-ups and build a sound innovation ecosystem for the Kingdom’s budding technological advances.
A slew of Vietnamese startups managed to secure millions of US dollars even in the midst of the rapidly escalating COVID-19 pandemic.
Southeast Asian startups, especially e-commerce and fintech companies, have witnessed a significant increase in their investment attraction between April and June with the global public health challenge continuing to exert pressure on the whole economy.
The COVID-19 lockdown has forced local tech startups to put their plans of staging initial public offerings on hold.