Start-ups win 10 million USD from US firm Business

Start-ups win 10 million USD from US firm

The United States venture capital firm 500 Startups announced an investment fund of 10 million USD for Vietnamese start-ups at American Innovation Roadshow in HCM City on March 8.
Quang Ninh pushes joint ventures Business

Quang Ninh pushes joint ventures

The northern coastal province of Quang Ninh has been promoting the public-private partnership (PPP) investment and management model aiming to become a service-industry oriented locality by 2020.
Retail faces tough competitors Business

Retail faces tough competitors

Mergers and acquisitions are churning the Vietnamese retail market, with large domestic players buying out rivals and massive investment by foreign retailers.
Good prospect for high-tech venture fund model: minister Sci-Tech

Good prospect for high-tech venture fund model: minister

Minister of Science and Technology Nguyen Quan on June 12 told the National Assembly that a trial private venture fund for technology development, licensed early this year, has proved to be a good start.

In response to NA deputies’ questions about venture funds for high technology, the minister said although the High Technology Law contains regulations on a venture fund for high technology to support scientists, the fund has not been established as it is not stipulated in the State Budget Law and other relevant laws.

However, the Ministry of Science and Technology has made the first step by support the project for the private venture fund, which has sponsored nine start-up groups of students from universities. Five of the groups have found investors for their business with an investment of 200,000 USD each. This is a bright sign signaling the success of the model, he asserted.