The United States venture capital firm 500 Startups announced an investment fund of 10 million USD for Vietnamese start-ups at American Innovation Roadshow in HCM City on March 8.
Hanoi (VNA) - The United States venture capital firm 500 Startups announced an investment fund of 10 million USD for Vietnamese start-ups at American Innovation Roadshow in HCM City on March 8.
The fund aims to make 100 to 150 investments into Vietnam-connected start-ups, according to the firm.
In addition to financing, portfolio companies will get access to 500 Startups’ international network of 3,000 mentors and founders, 1.5 million USD of credits with partners such as Amazon and Facebook and other support to help them scale up their business.
The fund will be led by Venture Partners Binh Tran and Eddie Thai, who joined 500 Startups last year to lead the firm’s Vietnam efforts.
“Vietnam is a vibrant and growing country, with many talented entrepreneurs and engineers,” Dave McClure, founder of 500 Startups, said.
“500 Startups plans to work together with Vietnamese investors and the local tech community to build a strong entrepreneurial ecosystem. Eddie and Binh are experienced operators who combine Silicon Valley know-how with Vietnamese hustle, and they are going to invest aggressively in the best and brightest founders all over the country,” he added.
Vietnam has more people than California, New York, and Florida combined, and more than 40 million of them are on the internet, according to 500 Startups.
It is one of the world’s fastest growing economies since 1990 and has been Apple’s fastest growing market in the world, the firm said while talking about why they chose Vietnam.
Startups has already invested in several Vietnam-connected companies, including Ipsy, Lightbox, DataRank, and ELSA, in addition to Ticketbox and Tappy.
The American Innovation Roadshow kicked off its Vietnam visit with a conference with over 25 Vietnamese entrepreneurs and 200 participants from the start-up community in Hanoi on March 7.
The conference was hosted by the National Agency for Technology Entrepreneurship and Commercialisation Development (NATEC) at the Ministry of Science and Technology (MoST).
The delegation sought to increase understanding of how innovation drives the U𝔉S economic growth; to congratulate Vietnam on nurturing the start-up ecosystem; to encourage the continu෴ed promotion of innovation and entrepreneurship, and to connect US companies with government officials and key innovator stakeholders in Vietnam to facilitate business opportunities.-VNA
Around 800 people, including young entrepreneurs, artists, scientists, activists, professionals and students gathered at the Under 30 Summit themed “the Next Generation” in Ho Chi Minh City on May 12.
A scientific seminar was held by the Ho Chi Minh National Academy of Politics in Hanoi on December 18 to analyse and assess the effectiveness of the Vietnam – US comprehensive cooperation.
Young people should work three to five years at organisations to understand how a business run before starting their own company, delegates said at the Vietnam Young Leaders Forum 2015.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
Illustrative image (Photo: baocongthuong.com.vn)
