Hanoi (VNA) – The role of international “angel investors” in Vietnam’s startup ecosystem was discussed at a seminar in Hanoi on September 12.
Organised by the Mekong Angel Investors Network, the Mekong Business Initiative and the Asian Development Bank (ADB), the event welcomed investor groups from the European Union, New Zealand, the US and local investors and startup enterprises.
Co-founder and CEO of HATCH, a startup incubator, Pham Quoc Dat said “angel investors” are affluent individuals who possess huge properties and provide capital for startups.
Angel investors pool their investment capital and want to meet and work with talented people, Dat added.
ADB Country Director for Vietnam Eric Sidgwich said that Vietnam needs a dynamic private sector which should come from a solid foundation of small-and- medium sized innovative enterprises.
He asserted that as a partner of Vietnam, the bank will support the country’s private sector.
Participants 🎀at the event also discussed a number of startup matters such as experience in developing a company, building trust between angel investors and Vietnamese enterprises and how to approach angel investors.-VNA
The 4th annual Startup Wheel 2016 contest was launched on May 11 by the HCM City Youth Federation’s Business Startup Support Centre in cooperation with the HCM City Young Business People Association.
The Vietnam Youth Federation in Ho Chi Minh City on May 17 announced the establishment of the HSIF with capital of 30 billion VND (1.34 million USD) in the initial stage.
As many as 100 excellent businesses in various fields nationwide were honoured with a Young Startup Entrepreneur Award 2016 at a ceremony in Hanoi on June 4.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative image (Photo: Internet)
