Hedge fund manager earns 5 billion

Nguyen Thai Hai Van, managing director of Grab Vietnam said, “Many startups have trouble scaling past the early stage due to difficulties in optimising funds in a high-growth and dynamic market, as well as pivoting their business models to cope with the rapidly changing landscape. As Southeast Asia’s home-grown tech company, we understand the problem and know how to scale. Thus, we would like to share that experience with Vietnamese startups through Grab Ventures Ignite.” … [Read more...] about Startup decade in full flow thanks to fund commitment

Denis Brunetti, President of Ericsson Viet Nam and Myanmar said: “With its superior reliability, high data speeds and low latency, 5G promises to help mobile operators in Viet Nam manage the growing data traffic more efficiently in the initial phase, followed by country specific consumer and enterprise related 5G use cases being developed over time. 5G will enable Viet Nam to unlock its full potential, accelerating its digital transformation journey and adoption of the Fourth Industrial Revolution – Industry 4.0 – which will drive and create the next wave of sustainable and inclusive socio economic development in Viet Nam, fueled by science, technology and innovation, in line with the Government’s strategic vision.” … [Read more...] about More than 1 billion people will have access to 5G coverage by the end of 2020 globally

Vietnam has closed some forests and stopped the exploitation of timber on 10.3 million hectares of natural forests and strictly controlled ' changes in forest use purposes. A network of 2.2 million hectares of specialized use forests and 4.6 million hectares of preventive forests have taken shape. … [Read more...] about Forestry sector reports unprecedented export turnover of $13 billion

HCM City (VNA) – Over 34 billion VND (over 1.4 million USD) were raised for the “For national seas and islands – For the fatherland frontline” fund at an art exchange programme co-organised by the Vietnam Fatherland Front (VFF) Committee in Ho Chi Minh City and the municipal television HTV on December 2. In her opening remarks, Chairwoman of the VFF Committee in Ho Chi Minh City To Thi Bich Chau highlighted the significance of the programme, expressing her thanks to organisations, individuals, enterprises, Vietnamese expats and donors for their assistance for the fund over the last eight years. All the donations will be used to carry out specific tasks and projects in 2021 such as communications to raise public awareness on the national sea and island sovereignty, and support for soldiers and officers who are on their duty in, and people living in border and island areas, among others. In 2021, the fund will provide medical equipment to a health station … [Read more...] about Over 1.4 mln USD raised for national sea and island fund

HCM City (VNA) - Vietnam may earn 8.6 billion USD from exporting aquatic products this year, the same as the figure in 2019, the Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast, adding that it would be a result beyond the expectations of most given the COVID-19 pandemic. Export turnover stood at 7.8 billion VND in the first 11 months of the year; also the same year-on-year. After significant declines at the beginning of the year due to the pandemic, aquatic product exports began recovering in July, with November posting impressive year-on-year growth of 13 percent. Shrimp remains the main export item, with double-digit month-on-month growth seen since June, including a notable 25 percent in September and October and 28 percent in November. Exports totalled 3.5 billion USD in the first 11 months, up 14 percent year-on-year. Meanwhile, overall seafood shipments have recovered since August and reached 2.9 billion USD in the first 11 months, down 1.2 percent … [Read more...] about 2020 aquatic product exports predicted to hit 8.6 bln USD