A report from the ESP Capital and Cento Ventures shows that investment for Vietnam’s share of startup investment value in the region jumped from 5 percent in 2018 to 17 percent last year.

Vietnam – a magnet for foreign investors: Russian expert.

In the past four years, the country’s innovation and startup ecosystem has developed from dawn to a level that is significant to the whole region, Sinitsyn was reported by Sputnik as saying.

Vietnam has become a hub for innovation projects in Asia-Pacific, he said, adding attractive sectors include finance, education, technology, artificial intelligence and blockchain technology.

Several standout investments are Singaporean Temasek’s participation in VNG Corporation’s project, Softbanks & GIC’s investment in VNPAY, and Warburg Pincus’s investment in MoMo.

Particularly, VNG Corporation became Vietnam’s first ever unicorn tech start-up following investment of GIC, he said.

He stressed Vietnam has high-quality human resources, laying stress on the important roles of universities, institutes as well as business incubators and human resources training centres.

Meanwhile, the Vietnamese Government plays a tectonic role in encouraging and supporting a modern economy, he said, describing the Ministry of Science and Technology’s effort to organise the annual Techfest Vietnam which creates opportunities for local startups to access international markets like the US, the Republic of Korea, Singapore and Russia as a significant milestone in pushing ahead an innovative economy in the nation.

UK’s former PM ready to help Vietnam attract high-quality investment

Deputy Prime Minister and Foreign Minister Pham Binh Minh held phone talks on October 27 with the UK’s former Prime Minister Tony Blair, who is now Executive Chairman of the Tony Blair Institute for Global Change.

Bac Giang licenses 106 new investment projects

(BGO) - According to the Department of Planning and Investment, Bac Giang province licensed and adjusted 14 investment projects including 5 new projects (4 domestic and 1 foreign investment) in October. Total newly registered and added capital hit 72.4 million USD.

Samsung heir visits Vietnam to discuss possible investment plans

Samsung Electronics vice chairman Lee Jae-yong departed for Vietnam for a three-day visit to explore business opportunities.

Bac Giang makes progress in improving investment and business environment

(BGO) – After nearly 5 years of implementation of Resolution No. 73, the investment and business environment of Bac Giang province has changed significantly. In particular, the thinking and awareness of authorities from the provincial to grassroots levels have been raised, opening up a new perspective and a new way of doing with new motivation and determination.

Bac Giang draws over 100 investment projects in first 9 months

(BGO) – Amid the common difficulties, Bac Giang province has recently achieved positive result in investment attraction. Since early this year, the province has attracted 941 million USD of invested capital, accounting for 95.3 percent of the same period last year.

Source: NDO/VNA