Viet Nam News HÀ NỘI — Vietnamese fintech firm Finhay had successfully raised nearly US$1 million from Singapore-based Insigna Venture Partners and other investors, the company announced on January 17. “We are thrilled to support Finhay and believe that it is the right idea, at the right time to enable a new generation in Việt Nam to build their financial future. It is not hard to believe that they will gradually layer on more products and services to become the Amazon of financial services in Việt Nam,” Insignia Ventures Partners founding managing partner Yinglan Tan said. "With new capital of nearly $1 million, Finhay will focus on user growth this year as well as looking for talent to join the team," Finhay’s founder and CEO Nghiêm Xuân Huy told Việt Nam News. Established in 2017, Finhay is a micro-investment platform targeted at millennials. The platform allows customers to start … [Read more...] about VN’s fintech firm raises $1m in funding from Singapore investor
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Vietnam is emerging as one of the world’s hottest markets for private equity investments thanks to its high rate of return, driven by the country’s rapidly growing economy and the government’s fine-tuned policies. Mobile World Group is Mekong Capital’s most successful private equity investment Mekong Capital has recently announced that its Mekong Enterprise Fund II (MEF II) has successfully divested 100 percent of its final remaining investment in Vietnam, resulting in the fund achieving a net return multiple of 4.5 times and net internal rate of return (IRR) of 22.5 percent for its investors. This marked it as one of the most successful funds in the Asian private equity scene. In the latest investment from Vietnam’s Asia Chemical Corporation (ACC) alone, MEF II gained US$8.9 million, generating a gross return multiple of 2.6 times and a gross IRR of 15.1 percent. Earlier, MEF II also completed the sale of its last remaining five million shares in … [Read more...] about High return draws private equity investments to Vietnam
Can ThoÂ (VNA) â The Mekong Delta introduced 74 projects in need of investment at a conference held by the Vietnam Chamber of Commerce and Industry (VCCI)âs Can Tho branch in Can Tho City on November 20.Â The projects focus on hi-tech agriculture (13 projects), aquaculture at sea, the processing industry (14), tourism-culture (11), urban development and industrial park infrastructure (14) and manufacturing (7). Themed âThe Mekong Deltaâs economy post 2015- future business and investment visions for the food processing sectorâ, the event aimed to supply quality and accurate investment information in the regionâs localities for domestic and foreign investors. More than 230 representatives from trade promotion agencies, companies, financial institutions and investment funds from the UK, Australia, Japan, the US, the Republic of Korea, Switzerland, Singapore, India and local businesses participated in the event. According to VCCI, the Mekong Delta is a dynamic economic region … [Read more...] about Mekong Delta localities calls for investment
Vietnam spares no effort to boost cooperation with Australia, especially in trade and investment, bringing benefit to both sides, said Prime Minister Nguyen Tan Dung. At his meeting with former Australian Prime Minister Paul Keating in Hanoi on July 15, PM Dung expressed his pleasure at rapid developments in bilateral relations in recent times, praising contributions by Paul Keating in his capacity of Australia's Prime Minister during the 1991-96 period to promoting bilateral cooperation in many areas. PM Dung asked Paul Keating to hurry the Australian government into funding construction of Cao Lanh bridge in southern Vietnam and supporting the Thang Long royal citadel as UNESCO's heritage site. Regarding cooperation between ASEAN and its partners, PM Dung stressed that Vietnam, like other ASEAN countries, always wants to build a community of peace and development. Vietnam hails new mechanisms for building peace, stability and development in the region, the PM said. The … [Read more...] about PM pushes for increased trade ties with Australia
Danang has been designated by the central government to be the core city of the Key Economic Zone in central Vietnam, the entrance to the UNESCO World Heritage sites, and the terminal point of the East-West Corridor linking with Laos, Thailand and Myanmar. It is clear that Danang's location makes it a strategic location from which your business can access potentially rich Vietnamese and other Asian markets.I. STRATEGIC LOCATION The coastal city of Danang is situated at the very heart of Vietnam, 759km from Hanoi and 960km from Ho Chi Minh City. It lies on the north-south communications axis of land ( National Road 1A), rail, sea and air routes. Danang borders Thua Thien - HueProvince in the north, QuangNamProvince in the south and the west, and the EasternSea in the east. It is located in a typical tropical area influenced by monsoons with an annual average temperature of 25.7C. The city has a natural land area of 1,256km2 and a population of 887,069 as of 01 April 2009. … [Read more...] about Why invest in Danang?