Illustrative image (Photo: Internet)

Hanoi (VNA) – The role of international “angel investors” in Vietnam’s startup ecosystem was discussed at a seminar in Hanoi on September 12.

Organised by the Mekong Angel Investors Network, the Mekong Business Initiative and the Asian Development Bank (ADB), the event welcomed investor groups from the European Union, New Zealand, the US and local investors and startup enterprises.

Co-founder and CEO of HATCH, a startup incubator, Pham Quoc Dat said “angel investors” are affluent individuals who possess huge properties and provide capital for startups.

Angel investors pool their investment capital and want to meet and work with talented people, Dat added.

ADB Country Director for Vietnam Eric Sidgwich said that Vietnam needs a dynamic private sector which should come from a solid foundation of small-and- medium sized innovative enterprises.

He asserted that as a partner of Vietnam, the bank will support the country’s private sector.

Participants at the event also discussed a number of startup matters such as experience in developing a company, building trust between angel investors and Vietnamese enterprises and how to approach angel investors.-VNA