Fintech experts join the payment discussion at the Vietnam Venture Summit 2020 in Hanoi. (Photo: VNS) Hanoi (VNS/VNA) – The COVID-19 pandemic may have caused disruptions to start-ups and innovative enterprises, but it had also created opportunities for them to turn into real businesses. At the Vietnam Venture Summit 2020 with the theme “Going Digital” in Hanoi on November 25, Minister of Planning and Investment Nguyen Chi Dung said Vietnamese start-ups grew well last year with investments worth more than 800 million USD. However, the pandemic had completely changed the investment picture this year, revealing the limitations of many start-ups. Local and foreign investors, funds and start-ups including Golden Gate Ventures, Softbank Venture, Sequoia, ADB Venture, Quiming Venture, VNG, Grab Vietnam, MoMo, GoJek, VNPay and Tiki Sendo represented the different sectors at the summit. According to the National Centre for Innovation (NIC), Vietnam was a destination for international investors in both FDI and start-up and innovation. Dung said: “This is the right time to continue connecting investors, financial funds and the innovative ecosystem in the region to expand opportunities for cooperation and investment.” “It is also time for an initiative to attract innovation investment by the Government of Vietnam,” he added…. Read full this story
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