Ninja Van has secured $578 million in a Series E funding round backed by Alibaba The funds from this round of investment will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations. Funds will also be invested in Ninja Van’s suite of micro-supply chain solutions to help Southeast Asian businesses optimise e-commerce opportunities. “The quality of investors joining us in this round of investment is a clear signal that the market recognises the emerging opportunities for e-commerce logistics in Southeast Asia and how as an entrenched player in the region, Ninja Van is positioned to take a central role in meeting the shifting demands of both businesses and consumers,” said Lai Chang Wen, co-founder and CEO of Ninja Van Group. On the same note, Kenny Ho, head of Investment for Southeast Asia at Alibaba Group said, "We strongly believe in the potential of … [Read more...] about Ninja Van secures $578 million in a Series E funding round backed by Alibaba
Grow morels year round
Vietnam’s tuna exports to EU see strong surge thanks to EVFTA Vietnam exported 15,870 tonnes of tuna worth 73.33 million USD to the European Union in the first half of 2021, up 39.3 percent and 31.6 percent, respectively, against the same period last year, according to a journal published by the Ministry of Industry and Trade (MoIT). The tuna shipments accounted for about 15.1 percent of Vietnam’s total seafood export value to the EU. In the second quarter of 2021, the country shipped 9,360 tonnes of tuna to this market, raking in 45.05 million USD, up 43.9 percent in volume and 59.3 percent in value from the previous quarter. The surges were attributed to tariff reductions granted to Vietnam’s tuna products under the EU-Vietnam Free Trade Agreement (EVFTA), which took effect on August 1, 2020. According to the MoIT, Vietnamese tuna was sold at 4.62 USD per kg on average to the EU in the first six months of the year, down 0.27 percent year on year. The global tuna prices … [Read more...] about VIETNAM BUSINESS NEWS SEPTEMBER 25
President Nguyen Xuan Phuc speaks at the high-level general debate of the 76th UN General Assembly (Photo: VNA) Moscow (VNA) - Vietnam's role in the international arena and its responsible contributions to the United Nations (UN) were highlighted in an article published by Russia ’s leading e-newspaper Infox.ru on September 24. The article by Grigory Trofimchuk, an expert on international affairs, highly valued the role, international position, as well as outstanding achievements of Vietnam in recent years, and spotlighted the effective and active working programme of President Nguyen Xuan Phuc at the UN General Assembly. It mentioned President Nguyen Xuan Phuc's proposal at the high-level general debate of the 76th UN General Assembly on practical solutions such as removing barriers that hinder global vaccine supplies, comprehensively promoting trade cooperation to accelerate post-pandemic economic recovery, enhancing digital transformation, and increasing labour … [Read more...] about Russia newspaper spotlights Vietnam’s responsible contributions to UN
Vietnam Airlines completes longest flight for transporting vaccines A flight of Vietnam Airlines transporting COVID-19 Abdala vaccine from Cuba to Vietnam safely landed at the Noi Bai International Airport on September 26. With a total length of more than 17,000 km, and 20.5 hours of flying, this is the longest flight so far that Vietnam Airlines has operated to transport vaccines. The vaccines on the flight, which used wide-body aircraft Boeing 787-9, were kept in specialized equipment, and handed over to the authorized agency immediately after landing. Cuba's Abdala vaccine is considered one of the world's most effective COVID-19 vaccines. Previously, the Ministry of Health had conditionally approved this vaccine for emergency use in preventing and controlling the COVID-19 pandemic in the country. As a national flag carrier, Vietnam Airlines plays a key role in transporting COVID-19 vaccines. Since early 2021, with its fleet and extensive network of routes, … [Read more...] about VIETNAM NEWS HEADLINES SEPTEMBER 27
Southeast Asia sees record number of deals completed in first half of 2021 However, the report reveals that total capital invested, at $4.4 billion, was lower than in the same periods in 2018 and 2019. This year, the largest deals (those over $100 million) accounted for only 45 per cent of investment, significantly below the 50-70 per cent in the past years. Deal sizes and valuations at each of the early funding stages have remained remarkably stable over recent years. In the first half of 2021, the region has seen a sharp upturn in both. Median round sizes rose, with Pre-A rounds of $800,000, Series A rounds of $4.3 million, and Series B of $10 million. The growth in both the number and value of all smaller deals is a good indicator that interest in Southeast Asia’s tech economy remains strong. A quick comparison with other regions of emerging technology shows that Southeast Asia attracted more capital than Latin America, but less than India. Indonesia and Singapore still … [Read more...] about Southeast Asia sees record number of deals completed in first half of 2021
Việt Nam won the AFF Cup for the second time in 2018. — Photo baochinhphu.vn Peter Cowan I don’t think there’s a more popular man in Việt Nam than Park Hang-seo. The South Korean’s trademark bald head is used to advertise everything from sausages to Shopee and back when fans could attend games, hundreds would show up carrying pictures of him as if he was some sort of deity. Park has plenty of credit in the bank from fans and his bosses at the Việt Nam Football Federation (VFF) alike due to his success with the national team, and I think it’s time for him to cash some of that credit in. Last week, the draw for the rescheduled 2020 ASEAN Football Federation (AFF) Cup was held, pitting Việt Nam in Group B alongside Indonesia, Malaysia, Cambodia and Laos. Never mind that the December-January tournament will be held in the middle of the country’s first foray into the third round of World Cup qualification, the VFF have already made it clear they want Park et al to defend the … [Read more...] about The Local Game: Who cares about the popularity contest?