Entrepreneurial organizations seek opportunities for innovation

HCMC is Vietnam’s biggest metropolis and leading tourist attraction. The city now has three pedestrian zones, including a third opened near Quang Trung Monument in District 10 last month. Nguyen Hue pedestrian zone and nearby Bui Vien walking zone, both in District 1, are always crowded over the weekend. … [Read more...] about HCMC seeks to open Tet walking street around Turtle Lake

HCM City (VNA) – Permanent Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem hosted a reception in the city on November 14 for Joe Lonsdale, a founding partner of San Francisco-based venture capital fund 8VC. Liem said the visit affirms 8VC’s commitments to supporting startups and innovation in Ho Chi Minh City and hoped that 8VC would share its experience with the city in the field. In the near future, Ho Chi Minh City will be developing an innovative urban area and building a smart urban area, he said. The host invited representatives from 8VC to attend the Ho Chi Minh City Economic Forum slated for late November and offer ideas on smart urban development. Lonsdale, for his part, shared some information on a Canadian startup ecological model which, he said, is particularly applicable to Ho Chi Minh City. He affirmed that 8VC wants to be a long-term partner of Vietnam and Ho Chi Minh City. He said 8VC has launched several projects in Ho … [Read more...] about US-based 8VC seeks business opportunities in Ho Chi Minh City

Large banks or corporations are not as agile as tech startups. What can they do? Coming up with good ideas and doing things as quickly as a startup is very tough. But adoption is where the difference comes. If you’re a startup, it takes you much longer to convince someone about your product. It’s a race between the innovativeness of the small ones that are much faster to the market but need the adoption at scale, versus the incumbents who need to transform to be faster and have the platforms and financial means to scale up. … [Read more...] about Investing in innovation to aid growth potential

Hanoi (VNA) – Japan's Nikkei newspaper has run a story highlighting the opportunity for Vietnam to rise stronger after the COVID-19 pandemic is completely controlled. It spotlighted Vietnam's efforts in maintaining economic activities amid the pandemic, which made the country one of the Asian economies recording the highest growth in 2020. The article noted that in 2020, Vietnam signed three free trade agreements (FTA), and saw the introduction of another airline, while rising to the sixth position in Southeast Asia in terms of per capita income. It noted that Vietnam grasped the greatest opportunity in decades to become one of the countries with the highest GDP growth in the world with an expansion of 2.9 percent and an expected rate of 6.5 percent in 2021. The article cited a report by Euromonitor as saying that Vietnam is forecast to be one of the markets with the busiest merge and acquisition (M&A) activities and the most potential M&A market only after the US. … [Read more...] about Vietnam sees once-in-a-generation opportunity: Nikkei newspaper

Phuong said that the Law on Public Investment No 39/2019/QH14 which took effect from the beginning of this year would help tighten management of the entire process of public investment. In addition, the decentralisation of management would also be enhanced together with increasing accountabilities for higher efficiency of public investment. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 22