Contributors to the Can Tho education and talent promotion fund are honoured at a meeting on May 21 (Photo: VNA) Can Tho (VNA) – Nearly 1 million disadvantaged students and teachers in the Mekong Delta city of Can Tho have been assisted through the education and talent promotion fund over the last 12 years. The Can Tho Association for Promoting Education held a meeting on May 21 to honour contributors to the fund. Chairman of the association Dinh Viet Khanh said more than 300 billion VND (12.8 million USD) worth of support has benefited local students and teachers during the period, greatly aiding human resources training. At the event, the organisation received nearly 2 billion VND donated to the fund by 35 organisations and individuals. It also presented 250 scholarships worth 1 million VND each to disadvantaged 12th graders with outstanding academic performance.-VNA … [Read more...] about Can Tho’s fund supports nearly 1 million students, teachers
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Vietnam fintech startup raises $1 million from foreign venture capitalists
By Anh Tu  January 28, 2019 | 11:34 am GMT+7 Finhay has raised $1 million in seed funding from foreign venture capitalists. Photo by Shutterstock. Vietnamese fintech firm Finhay has raised $1 million in seed funding from Singapore’s Insignia Ventures Partners and other foreign investors. "Finhay will use the $1 million investment to expand its user base 10-fold to 100,000," said founder and director of Finhay Nghiem Xuan Huy. Finhay was established in 2017 with capital of $100,000 as a micro-investment platform targeted at millennials. It allows customers to invest as little as VND50,000 ($2.17) in mutual funds from Finhay’s investment portfolio. Huy said the business model is very popular abroad, citing examples such as U.S. micro-investing apps Acorns and Stash. The application automatically analyzes the user's risk appetite and suggests appropriate investment options and provides information to help improve users’ personal financial … [Read more...] about Vietnam fintech startup raises $1 million from foreign venture capitalists
Fintech firm raises 1 million USD in funding from Singapore investor
The Finhay platform allows customers to start investing with as little as 50,000 VND, or slightly more than 2 USD, in mutual funds in Vietnam. (Photo: finhay.com.vn) Hanoi (VNA) - Vietnamese fintech firm Finhay had successfully raised nearly 1 million USD from Singapore-based Insigna Venture Partners and other investors, the company has announced. With new capital of nearly 1 million USD, Finhay will focus on user growth this year as well as looking for talent to join the team, Finhay’s founder and CEO Nghiem Xuan Huy said. Established in 2017, Finhay is a micro-investment platform targeted at millennials. The platform allows customers to start investing with as little as 50,000 VND, or slightly more than 2 USD, in mutual funds in Vietnam. Once registered, new users complete a short survey which asks about their age, career and investment goals so that Finhay can provide a suggested investment portfolio and related risk assessment. The platform … [Read more...] about Fintech firm raises 1 million USD in funding from Singapore investor
Indonesia exports 284.1-million-USD defence industrial products
An aircraft of Dirgantara company (Photo: janes.com) Jakarta (VNA) – The Defence Ministry of Indonesia said the export of defence industrial products brought home 284.1 million USD from 2015 to 2018. Rear Admiral Agus Setyadi, head of the defence facilities, said Dirgantara Indonesia earned an export value of 161 million USD from the sale CN-235 and NC-212 aircraft. PAL raked in 86.9 million USD from exporting two units of Strategic Sealift Vessel to the Philippines. Meanwhile, Pindad sold armored vehicles, tanks, arms, and ammunition worth 32.6 million USD to countries in Southeast Asia and Africa, UAE, the Republic of Korea, Nigeria and East Timor. Lundin exported Sea Rider ships to Russia and Sweden for 3.6 million USD. Rear Admiral Agus Setyadi said defence industrial products are a pride of Indonesia, proving the country’s global competence. Indonesia becomes a competitor in the defence industry.-VNA … [Read more...] about Indonesia exports 284.1-million-USD defence industrial products
Viettel Global reports profits of 57.1 million USD in Q3
Myanmar is the Viettel Global’s largest foreign market (Photo: VNA) Hanoi (VNA) - Viettel Global Investment JSC, a subsidiary of Viettel Military Industry and Telecoms Group, reported revenue of 4,428 billion VND (188.6 million USD) and profit of 1,342 billion (57.1 million USD) in the third quarter of 2018, increases of 5 and 8 percent year-on-year. Besides traditional markets which brought high profits to Viettel Global, Viettel Burundi and Viettel Haiti achieved strong revenue growth of 14 percent and 26 percent, respectively. In Haiti, the allotment of the 1700 MHz frequency for its 4G network this year gave Viettel’s Natcom an important advantage and it signed up double the number of customers it did last year. Viettel Global’s sales and management costs have reduced by 4 percent and 12 percent this year after adopting a new business model. It has hired Viettel Telecoms to run its operations in foreign markets to take advantage of its resources and … [Read more...] about Viettel Global reports profits of 57.1 million USD in Q3