Ascend Vietnam Ventures has exceeded its US$50 million target for its flagship early-stage venture capital fund, AVV Alpha. Ascend Vietnam Ventures (AVV), the fund led by Binh Tran and Eddie Thai, is seeking the next wave of globally iconic startups emerging from Vietnam. Eddie Thai is speaking at a growth event for founders. Photos: AVV The team has increased its investments in startups in Vietnam, seeding up to US$2 million into 25 startups next year and following on with checks of up to $5 million. With the new fund, AVV has been exploring a broad range of tech opportunities including those in financial inclusion, education, and future of work. AVV Alpha is backed by a mix of investors from Asia, Europe, and the US, including development finance institutions, funds, corporate VCs, and high-net-worth individuals from leading local and regional companies. It has picked ten startups in the past nine months, including Kilo (SaaS & wholesale … [Read more...] about Ascend Vietnam Ventures seeks building global startups in Vietnam
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Vietnam opposes and demands Taiwan to cancel live-fire drills on Ba Binh island
Spokeswoman of the Vietnamese Ministry of Foreign Affairs Le Thi Thu Hang. (Photo: VNA) Answering a reporter's query on Vietnam’s reaction to the live-fire drills conducted by Taiwan on June 28 and 29, Hang said the exercises seriously violated Vietnam’s territorial sovereignty over the Truong Sa archipelago; threatened peace, stability, safety and security of navigation; induced tensions and complicated the situation in the East Sea. She stressed that Vietnam's stance on Taiwan's live-fire drills in the waters around Ba Binh island belonging to Vietnam's Truong Sa archipelago is clear, consistent and affirmed over the past years. Vietnamplus … [Read more...] about Vietnam opposes and demands Taiwan to cancel live-fire drills on Ba Binh island
Vietnam tells Taiwan to desist from live-fire military exercises near Spratlys
"It is a serious violation of Vietnam's territorial sovereignty over the Spratly Islands, threatens peace, stability, safety, and maritime security, and escalates tensions and complicates the situation in the South China Sea," Ministry of Foreign Affairs spokeswoman Le Thi Thu Hang told the media Saturday. Taiwan announced there would be live-fire drills in Itu Aba, known as Ba Binh in Vietnam, on June 28 and 29, and said vessels should stay away from the area. Hang said Vietnam's stance for years has been that it opposes Taiwan's live-fire exercises in the sea around Ba Ninh and Taiwan should stop its illegal actions. Vietnam has full legal basis and historical evidence to assert its sovereignty over the Spratly and Paracel Islands in accordance with international law, she pointed out. … [Read more...] about Vietnam tells Taiwan to desist from live-fire military exercises near Spratlys
Vietnam enter top 10 of AFC club football rankings
With the three victories, Viettel advanced to the knockout round of the tournament while earning 5.14 points for Vietnam in the rankings. With HAGL earlier garnering five points, Vietnam have 10.14 in 2022. Vietnam have scored 26.892 over the last four seasons to surpass Jordan (24.807), Thailand (22.410) and Tajikistan (22.195) and enter the top 10. The contributors are Hanoi FC (14.28 points), Viettel (11.14), Becamex Binh Duong (7.22) and HAGL (5). The nine countries above Vietnam in the AFC club ranking are Malaysia, UAE, Qatar, Hong Kong, Iran, Uzbekistan, South Korea, Japan, and Saudi Arabia. Malaysia are first in the Southeast Asian region with 27.875 points. If Viettel go further in the AFC Cup and Malaysia’s Johor Darul Ta'zim fail to do so in the knockout round of the AFC Champions League (ACL), Vietnam will go past Malaysia to ninth position. The AFC club ranking at the end of the 2022 season will be the basis for allocating slots to countries in 2024-2025 … [Read more...] about Vietnam enter top 10 of AFC club football rankings
Thailand, Vietnam foster energy cooperation
Thai Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow lauded Vietnam’s rapid economic development over the past years, especially in energy, during his meeting with Vietnamese Ambassador Phan Chi Thanh on July 1. He suggested Vietnam and Thailand hold the second energy forum in Thailand in August to promoter energy cooperation. The Thai official affirmed his support for Thai firms to invest more in Vietnam’s energy sector, particularly clean energy, and shared his country’s experience in market development and investment promotion in this field. Punmeechaow expressed his hope that the Vietnamese Embassy in Thailand will continue to serve as a bridge for energy collaboration between the two countries. For his part, Thanh stressed that the Vietnamese government always attaches importance to Thai projects, especially in clean energy, and noted his support for the organisation of the energy forum next month, which will be an opportunity for the two sides to … [Read more...] about Thailand, Vietnam foster energy cooperation
Vietnam raises resolute objection to Taiwan’s illegal live-fire drill
The nation resolutely opposes and demands Taiwan to cancel its live-fire exercises in the waters around Ba Binh island belonging to Vietnam's Truong Sa (Spratly) archipelago and not to repeat similar actions in the future. Spokeswoman of the Vietnam Ministry of Foreign Affairs Le Thi Thu Hang Spokeswoman of the Vietnam Ministry of Foreign Affairs Le Thi Thu Hang made the statement in reply to reporters’ query on Vietnam’s response to the live-fire drill conducted by Taiwan from June 28-June 29. Vietnam's stance towards Taiwan's live-fire in the waters around Ba Binh island belonging to the Spratly archipelago is clear, consistent and has been affirmed for many years, Hang went on to say. The action seriously violates Vietnam’s territorial sovereignty over Truong Sa, threatens peace, stability, safety and security of navigation, induces tensions and complicates the situation in the East Sea, she added Vietnam resolutely objects to and demands Taiwan end the … [Read more...] about Vietnam raises resolute objection to Taiwan’s illegal live-fire drill
Vietnam backs UN’s efforts to improve road traffic safety
Ambassador Nguyen Phuong Tra, Charge d'affaires a.i. of Vietnam to the UN, speaks at the event. (Photo: VNA) New York (VNA) – Vietnam has reaffirmed its support and contributions to the UN's efforts to improve road traffic safety at a UN General Assembly session being held on June 30 and July 1. The session adopted the “Political declaration of the high-level meeting on improving global road safety”, with the 193-member General Assembly committed to drive the implementation of the Global Plan for the Decade of Action for Road Safety 2021–2030, including the goal to half road traffic deaths in the next eight years. Speaking at the event, Ambassador Nguyen Phuong Tra , Charge d'affaires a.i. of Vietnam to the UN, affirmed that Vietnam totally supports the Decade of Action for Road Safety 2021–2030. For the realisation of its goal, she said it is necessary to strengthen road safety legislation at global, regional and national levels to address current and emerging … [Read more...] about Vietnam backs UN’s efforts to improve road traffic safety
Laos promotes construction of Laos – Vietnam railway’s section
Laos promotes construction of the Laos - Vietnam railway’s section. (Photo: VNA) Vientiane (VNA) - The Lao government has “green-lighted” a feasibility study on a railway route connecting the Vientiane capital with Thakhek in central Khammouane province, part of the Laos-Vietnam Railway Project (LVRP). Under a Memorandum of Understanding (MOU) just signed by the Lao government with the Lao Petroleum Trading Lao Public Company (PetroTrade), the LVRP, which is a high-speed electrified railway project, has a length of about 452km, with total investment of 5 billion USD. In the first phase, the railway will connect Thakhek town with Vung Ang seaport of Vietnam with a length of about 139km. Meanwhile, the second phase will be a 312-km route connecting Thakhek to Vientiane. The LVRP, which has been under consideration since 2015, will allow the connection of logistics supply routes between Laos and Vietnam. This is part of the Laos Logistics Link (LLL) project, … [Read more...] about Laos promotes construction of Laos – Vietnam railway’s section
Vietnam-Korea Industrial Business Trade Week slated for early July
The event will draw participants from 17 Korean industrial manufacturers and suppliers. — YONHAP/VNA Photo A trade promotion event connecting South Korea’s fundamental industrial manufacturing enterprises (PPURI Industry) and Vietnamese importers will be held online during July 4-8 by the Korea Trade and Investment Promotion Agency (KOTRA). The event will draw 17 Korean manufacturers and suppliers focusing on machine tools and accessories, industrial robots, industrial cleaning machines, building materials, chemistry, automotive parts and industrial supplies for railway and shipping industries. These are high-quality products that have been widely used in Korea and exported to many countries around the world. Nearly 60 online meetings have been arranged and confirmed by KOTRA for the trade week. This event is expected to open up new cooperation opportunities for Vietnamese and Korean businesses in the field of industrial production. — VNS … [Read more...] about Vietnam-Korea Industrial Business Trade Week slated for early July
4 resorts offer wellness boost in pandemic times
The TIA Wellness Resort on My Khe Beach in Da Nang is an ideal spot for a post-Covid vacation and fortification. The resort has 22 spa treatment rooms, two beauty care rooms, a steam room, a sauna and an outdoor swimming pool. The resort is currently offering two packages for 4 days and 3 nights, which include two intensive care treatments per night, each lasting 80 to 120 minutes. Guests can also join pranayama (breathing exercises), tai chi or yoga classes/sessions guided by personal trainers. The resort has 87 rooms and a night's stay costs from VND5.9 million ($253.32) per person. Also in Da Nang, the Naman Retreat on Truong Sa Street along Non Nuoc beach has 113 villas amidst lush greenery. The resort has private gardens for guests to exercise and join other wellness services to improve their health. … [Read more...] about 4 resorts offer wellness boost in pandemic times