Vinacapital ventures

Silicon Valley Bank. According to VinaCapital, the SVB collapse by itself will end up being neutral for Viet Nam’s stock market and economy. — Photo courtesy of Reuters The Silicon Valley Bank (SVB) collapse by itself will end up being neutral for Viet Nam’s stock market and economy, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a report. “Furthermore, we see no substantial risk that the dynamics which negatively impacted SVB and certain other regional US banks could significantly impact the profitability and/or solvency of banks in Viet Nam.” It was widely reported that latent losses on SVB’s securities portfolio coupled with a drop in deposits at the bank were the main factors that led to its rapid insolvency, it said. Vietnamese banks also held Government bonds on their balance sheets, and the prices of 10-year Vietnam Government bonds (VGBs) had dropped by around 15 per cent since mid-2021 and yields surged. However, VGB holdings only … [Read more...] about Silicon Valley Bank collapse not to impact VN: VinaCapital

The interest rate hikes by the US Federal Reserve and other central banks that began to significantly accelerate in the second half of 2022 have impacted the tech industry and investors in significant ways. These hikes are expected to continue, at least in the short term, until the central banks are satisfied that inflation is under control or lose their nerve. When that happens is anyone’s guess. Eric Johnson, counsel at Freshfields Bruckhaus Deringer LLP This rapidly changing financial environment has made it more difficult for digital economy companies, especially those that are currently not profitable, to raise money in both public and private markets. Many investors have adopted a wait-and-see approach until the situation becomes clearer, and are revisiting the assumptions behind the sky-high valuations that many tech companies previously commanded. The recent failure of Silicon Valley Bank in the US has sent a shockwave through the tech and venture capital … [Read more...] about Supporting the digital economy space

Medigo's staffs. Medigo successfully raises 2 million USD in a series A funding round. (Photo courtesy of Medigo) HCM City (VNS/VNA) - Medigo , a Vietnam-based telehealth platform that provides on-demand medicine prescription and delivery services, has successfully raised 2 million USD in a series A funding round led by East Ventures, with the participation of Pavilion Capital and Touchstone Partners. With the added capital, Medigo plans to strengthen its services and develop a healthcare ecosystem in Vietnam. “East Ventures’ investment is a powerful vote of confidence in Medigo’s vision, business model, and direction. We greatly appreciate the trust and commitment they and our other investors have placed in us and we look forward to working with them as we continue to scale up our business,” said Medigo CEO and co-founder Ha Le. Medigo’s platform connects customers with the nearest trusted pharmacies, providing on-demand medicine delivery services. The … [Read more...] about Telehealth platform Medigo bags 2 million USD in series A funding