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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 a gala dinner held in London on January 29 to review VBUK’s operation in 2022 and sketch out development orientations in 2023, Phuong said the association organized many activities, including online workshops with Vietnamese economic experts and entrepreneurs in the U.K. to share business knowledge and experience for the Vietnamese business community in the country. The VBUK has also supported business cooperation between its member enterprises and businesses at home, he added. Addressing the event, Ambassador Nguyen Hoang Long spoke highly of the role of the VBUK in connect Vietnamese firms in the U.K. and the homeland. At the World Economic Forum (WEF) in Davos earlier this month, Vietnam was seen as one of the three VIP markets (Vietnam, Indonesia, the Philippines) in the world, he said, adding that it is the second largest trade partner of the U.K., so there is a large room and opportunities for the Vietnamese business community in the European nation. The … [Read more...] about Vietnamese businesses in U.K. boost cooperation with companies at home

Despite the high demand for housing, the transaction volume stays low due to the high prices compared to people’s average income. The scarce supply of new projects remains a key factor keeping demand for housing high in Hanoi’s real estate market in 2023. Locals looking at a real estate project in Hanoi. Photo: Pham Hung/The Hanoi Times During the last months of 2022, transactions in the real estate market stayed in stark contrast to the previous boom period. Experts suggested that this was due to several laws regulating the market not being completed, coupled with a sharp decline in liquidity as a result of the government's direction to restrict credit flows in high-risk fields and tighter regulations on corporate bond issuance. The sharp drop in transaction volume and supply, coupled with the high demand for housing, means that prices continue to rise. Data from the Vietnam Association of Realtors (VARS) showed in the fourth quarter of 2022, Hanoi has … [Read more...] about Demand for housing in Hanoi forecast to rise in 2023

Hanoi (VNA) - The following is a brief review of the day’s events as reported by the Vietnam News Agency. - Vietnam pledges to actively participate in and contribute to the building of the Global Digital Compact (GDC) to promote the implementation of the United Nations’ 2030 Agenda, a Vietnamese representative told the first Informal Consultations on GDC in New York on January 30. The building of the compact is necessary to promote a safer, fairer and more developed digital world for all. Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN, said at the event. Read full story - Vietnam will participate in ASEAN Tourism Forum (ATF) 2023 themed “ASEAN: A Journey to Wonderful Destinations”, and the Travel Exchange (TRAVEX) trade fair in Yogyakarta, Indonesia from February 2 – 5, according to the Vietnam National Administration of Tourism (VNAT). At the forum, Vietnam will introduce tourism development, mechanisms and policies, tourism products and … [Read more...] about ☕ Afternoon briefing on January 31