Asian deals

Vietnam is seeing more and more early-stage investors newly established, expanded to Vietnam market or raised new Vietnam-focused funds from 2021 to 2022. Among Southeast Asian countries, Vietnam is the hottest destination for investors pursuing a longer-term vision, according to a survey by Bain.Investors are confident in Vietnam’s long-term prospects, despite the current economic downturn and lack of funding. According to DealstreetAsia , Vietnam has recorded 11 early stage venture capital funds focused on the market, with seven maiden funds and four others Vietnam focused funds including AVV, Do Ventures, Nextrans, ThinkZone, Touchstone Partners, VinaCapital Ventures. In terms of total AUM, there was $371 million raised and $200 million target needed to be raise in 2023 and 2024 . Since 2021, there have been more deals conducted by these Vietnam-focused funds, proving themselves as one of the most crucial support systems for early-stage entrepreneurs in the country. In … [Read more...] about Vietnamese startups raise $855 million in 2022

Speaking at the event, Vietnamese Ambassador to Russia Dang Minh Khoi highlighted the time-tested relationship between the Vietnam and Russia in all spheres, saying it is a precious asset of the two countries. The ambassador said 2023 is a year of great significance to the bilateral ties as the two countries will celebrate the 100th anniversary of President Ho Chi Minh's arrival in Petrograd (now St. Petersburg). It’s also an opportunity for both nations to review their achievements. Several works will also be inaugurated in the year to celebrate the special ties, including a statue of President Ho Chi Minh in St. Petersbur, he added. Russian Ambassador to Vietnam Gennady Bezdetko confirmed that Vietnam has always been one of Russia's closest and most reliable partners in the Asia-Pacific region. The Southeast Asian country is still Russia's largest trading partner in ASEAN despite changes in the region and the world. For his part, Chairman of the Foreign Affairs Committee of … [Read more...] about 73rd anniversary of Vietnam – Russia diplomatic ties marked

We met Lam, a calm and brave girl with confident eyes, when she was back in Vietnam from the 17th World Chinese chess (Xiangqi) Championship in Malaysia. At the competition, Lam bagged the gold medal in the girls' U16 standard Chinese chess. “I am really happy to bring home the second gold medal in the global arena. Previously, at the World Xiangqi Championship in Canada, I grabbed the gold medal in the girls' U12 standard category. The prizes serve as motivation for me to train hard and achieve higher results in the coming time,” Lam shared. Together with two world gold medals, Lam pocketed many gold medals at the Asian Youth Xiangqi Championships, national championships and other tournaments. Attentively, in 2018, at the Asian Open Youth Xiangqi Championship, Lam won a hat-trick of gold medals in the standard, rapid, and blitz categories for U10 girls. For six consecutive years, she has claimed gold medals at the national youth chess championships. Lam’s love for Xiangqi was … [Read more...] about “Golden girl” of Vietnam’s Xiangqi

Chairperson of the Indonesian Chamber of Commerce and Industry, Arsjad Rasjid (second from right), at the press conference. (Source: ANTARA/Ade Irma Junida/uyu) Jakarta (VNA) - The Indonesian Chamber of Commerce and Industry (Kadin), which is chairing the 2023 ASEAN Business Advisory Council ( ASEAN-BAC ), is about to introduce seven legacy breakthroughs on five priority issues during the country’s ASEAN chairmanship this year. Antara news agency of Indonesia reported that the Kadin chairperson, Arsjad Rasjid, unveiled the information at a January 30 press conference on the “ASEAN-BAC Chairmanship Handover Ceremony 2023” (from Cambodia to Indonesia). Three of the seven legacies involve digitisation programmes that focus on fintech and e-trade, namely the ASEAN QR (Quick Response) Code, the ASEAN P2P (peer-to-peer) Lending Platform, and WIKI Entrepreneurship. Rasjid said that Kadin is collaborating with all central banks in ASEAN countries for the QR code … [Read more...] about Indonesia to introduce ASEAN breakthroughs on fin-tech, e-commerce