“For VinFast, the vision was a better future—so the cars we design and create are just part of that bigger vision,” said VinFast’s Global CEO Le Thi Thu Thuy.
Having exceeded the $50 million target for its flagship early-stage venture capital fund AVV Alpha, Ascend Vietnam Ventures (AVV) led by Binh Tran and Eddie Thai is seeking the next wave of globally iconic startups emerging from Vietnam.
Venture capital going into Vietnamese startups reached a record high of $1.4 billion in 2021 amidst market uncertainties and upheaval caused by Covid-19.
With a total committed fund size of up to $60 million, ThinkZone Fund II is the largest venture capital fund in tech startups founded by Vietnamese entrepreneurs and notable conglomerate owners.
Startups stand to benefit from an environment of the lower doing-business cost during the Covid-19 crisis, including cheap rental and access to talent at lower hiring costs.
The fund will be used to create thirty high-growth, enterprise tech startups in Southeast Asia. Hands-on mentoring will be provided across cities including Hanoi and Ho Chi Minh City.
It is totally normal for startup businesses to make losses in the early years, as long as investors see a light at the end of the tunnel for these to reach profitability at a point in the future.
When opportunities in the local stock exchange become limited, investors are turning their eye onto startups and early-stage companies, who are fortunately blessed with supportive factors to grow bold with the nation.
Being the first media company in Vietnam to be listed on the stock exchange, Yeah1 has made the largest successful divestment deal ever when VinaCapital got the return up to $127 million from its only $3 million investment in Yeah1.
Vietnamese startup travel company Ecohost beat 110 competitors to take second prize in the 2018 Mekong Innovative Startups in Tourism challenge.
The future would be driven by the startups whose businesses are led by young people that is why Vietnam has so much potential in today revolution since Vietnam’s population is very young and most of them are high tech entrepreneurs, according to Datuk Yasmin Mahmood.
VinaCapital has just launched a $100 million tech-focused venture capital fund, aiming to help fledgling startups and small and medium sized enterprises in the technology field, of which FastGo and LOGIVAN, two startups on technology solutions in the field of transportation will be its very first investment.
The process of Finland to become the world's fourth most innovative economy and Europe's startup center has offered precious lessons for countries wishing to build a startup ecosystem like Vietnam.
Out of 19 semi-finalists, seven Vietnamese startups have been chosen to join the Mekong Innovative Startups in Tourism program in 2018, the biggest number in the tally.
