Vertex Ventures, Grab’s first investor, told VIR in an exclusive interview that the startup will not monopolise the Vietnamese ride-hailing market after its controversial merger with Uber earlier this week. Vertex Ventures According to Carmen Yuen, partner at Vertex Ventures, Grab will not become the only player in Vietnam’s booming market for ride-hailing services, even after it merged with Uber, its major competitor in Southeast Asia. The investor told VIR that a newcomer will soon break into the scene and challenge Grab’s dominant position in the region, including Vietnam. “I am sure some wealthy investors will back another company and compete with Grab,” said Yuen during the Invest ASEAN 2018 conference held by Maybank Kim Eng in Singapore this week. Vertex Ventures was the only investor in Grab, formerly GrabTaxi, during a Series A fund-raising round in 2014. The merger between Grab and Uber has sparked fears over a potential monopoly … [Read more...] about Grab will not monopolise Vietnamese market, true?
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Vietnam Silicon Valley Accelerator's Demo Day 2018 provides platform for startups to promote their ideas among investors.Vietnamese startups expect to attract more investors this year, Demo Day 2018, held by Vietnam Silicon Valley Accelerator (VSV Accelerator) in Hanoi on February 1, heard.Ms. Tran Thanh Huyen, Co-founder of the startup True Juice, told VET she wants to attract potential investors interested in her business model. True Juice supplies fresh vegetable juice and fruit juice to customers with new recipes and new methods that ensure maximum nutrition. Target customers are office workers, postpartum women, and vegetarians.There were ten outstanding startups making presentations at Demo Day 2018 to explain their idea and persuade investors. Deputy Minister of Science and Technology Tran Van Tung highly appreciated the entrepreneurial spirit on display and said the ministry would support VSV Accelerator in startup projects.Attending the Demo Day 2018 were leaders from the … [Read more...] about Startups expect to attract more investors
HCM City (VNA) – The Central Highlands province of Dak Lak seeks to improve its investment environment and become an ideal destination for investors, according to its Department of Planning and Investment. Dinh Xuan Ha, the department director, said following great efforts by authorities to highlight the province's investment and business opportunities, more and more domestic and foreign investors are arriving in Dak Lak to explore them. The province has attracted 73 trillion VND (3.28 billion USD) in more than 600 projects, including 10 worth 178.1 million USD by foreign firms. Many high-profile names such as Hoang Anh Gia Lai Group, TH True Milk Group, Bien Hoa Sugar Company, and Viet Nhat Real Estate JSC are among the investors, Ha said. "To attract more investors this year and in future, Dak Lak will focus on planning, regularly update the list of projects requiring investment and provide full information about these projects. "Besides, it will make more efforts to improve … [Read more...] about Bản in : Dak Lak province aims to attract investors
With an average annual growth rate of 15-20 percent, the dairy industry has potential to attract investment despite the current economic difficulties, the Saigon Giai Phong (Liberated Saigon) online newspaper reported. Last month, Vinacafe Bien Hoa Company, known as a coffee manufacturer, announced its intention to join in dairy industry. Economists said that the coffee manufacturer’s ambitious plan to “encroach” dairy industry will make the market more excited as food producer Masan, which reportedly obtain 53.2 percent of Vinacafe Bien Hoa’s shares, always surprises its counterparts and competitors. While Vinacafe Bien Hoa is nurturing the plan to encroach the dairy industry, property developer Hoang Anh Gia Lai Company officially participated into the industry by cooperating with Nutifood, a local milk producer. Hoang Anh Gia Lai spent around 6.3 trillion VND (297 million USD) on milky cow farms to raise 120,000 cattle. Nutifood will consume milk to make … [Read more...] about Bản in : Investors eye on dairy industry
(VOVworld) – Prime Minister Nguyen Xuan Phuc, who is on an official visit to Russia, attended the launch of the first project on dairy cow breeding and farming by the Vietnamese dairy firm TH True Milk in Volokolamsk. Mr. Phuc highlighted the significance of the free trade agreement between Vietnam and the Eurasian Economic Union which opens the service and investment markets of both countries. He said Russia was a big market for dairy products. TH True Milk’s project will contribute to local agriculture, generate jobs for Russians and overseas Vietnamese living there, and diversify cooperative potential between Vietnam and Russia. He said the Vietnamese government will continue to support the project and asked the investor to ensure investment capital, and working conditions to its employees. He hoped the project would become a symbol of successful cooperation between the two countries. … [Read more...] about Prime Minister attends the launching of TH True Milk project in Russia