Engineering new record

Ascend Vietnam Ventures has exceeded its US$50 million target for its flagship early-stage venture capital fund, AVV Alpha. Ascend Vietnam Ventures (AVV), the fund led by Binh Tran and Eddie Thai, is seeking the next wave of globally iconic startups emerging from Vietnam. Eddie Thai is speaking at a growth event for founders. Photos: AVV The team has increased its investments in startups in Vietnam, seeding up to US$2 million into 25 startups next year and following on with checks of up to $5 million. With the new fund, AVV has been exploring a broad range of tech opportunities including those in financial inclusion, education, and future of work. AVV Alpha is backed by a mix of investors from Asia, Europe, and the US, including development finance institutions, funds, corporate VCs, and high-net-worth individuals from leading local and regional companies. It has picked ten startups in the past nine months, including Kilo (SaaS & wholesale … [Read more...] about Ascend Vietnam Ventures seeks building global startups in Vietnam

National Assembly Chairman Vuong Dinh Hue arrived at Hanoi’s Noi Bai International Airport on July 1. (Photo: VNA) London (VNA) – Chairman of the National Assembly Vuong Dinh Hue arrived at Hanoi’s Noi Bai International Airport on July 1 afternoon, successfully wrapping up his official visit s to Hungary and the United Kingdom from June 26 – 30. Hue held talks with top legislators, met with government leaders and ministers of Hungary and the UK and witnessed the signing of a number of memoranda of understanding on cooperation between ministries and localities. He took the occasion to thank Hungarian and British leaders and people for donating COVID-19 vaccines and test kits to help Vietnam combat the pandemic. The NA Chairman also met with heads of friendship parliamentary groups, friendship associations, corporations and universities in the two countries; attended high-level forums on trade, economy, investment and education; and visited Vietnamese communities … [Read more...] about Top legislator arrives in Hanoi, concluding visits to Hungary, UK

Hanoi has recorded three infections caused by the BA.5 sub-strain of the Omicron coronavirus variant, according to the municipal Department of Health. A health worker takes samples for Covid-19 testing Speaking at a Friday meeting with the city people’s committee, Deputy Director of the Hanoi Department of Health Vu Cao Cuong said that three local people had been found infected with the sub-variant BA.5 of Omicron at Bach Mai Hospital. "Three cases of BA.5 of Omicron infection have mild symptoms or no symptoms," Cuong said. "But this strain has been found to be spreading faster than other circulating variants such as BA.1 and BA.2." The official reported that Hanoi currently confirmed an average of 180 Covid-19 cases a day, much lower than a few months ago. Now, the city has more than 1.60 million cases of Covid-19. "We're speeding up Covid-19 vaccination with third and fourth doses while many people are reluctant to get them," he added. According to … [Read more...] about Hanoi reports three SARS-CoV-2 Omicron variant BA.5 cases