Southeast Asian ride-hailing giant Gojek wrapped up a $1.2 billion investment in March. In May, Singapore's Ninja Van raised $279 million from backers including France's GeoPOst SA, scoring one of Southeast Asia's largest startup investments since the pandemic. Meanwhile, Vietnamese e-commerce platform Tiki wrapped up a $130 million investment from private equity fund Northstar Group, making the e-commerce operator one of the top five funded startups in Southeast Asia in the period. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 24
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The report stated, “A high level of market opening is expected as the EU and Vietnam agreed to eliminate around 99 % to 100 % of tariffs based on import bill within 7 years and 10 years, respectively,” and added, “As Vietnam's institutional reform, mitigation of non-tariff barriers, protection of intellectual property rights, and strengthening of labour rights and environmental protection obligations are included in the agreement, it will play a major role in advancing Vietnam's economy as well as expanding overseas investment.” … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 16
The company was found owing VND5.5 billion worth of COD to its partners. It owed money to buy six cars, and owed VND1.7 billion to banks, VND3.5 billion to relatives and friends, VND1 billion to aviation partners, VND700 million to workers and VND200 million to social insurance. … [Read more...] about Why do startups fail?
— Vietnam’s import of automobiles increased significantly in July despite impacts caused by the latest wave of COVID-19, with a report from the General Department of Customs showing that the country imported 4,760 cars of various kinds worth US$107.7 million last month, the Vietnam News Agency reported on Wednesday. … [Read more...] about Breakfast @ Tuoi Tre News — August 20
However, as the incentives were only valid to projects approved before November 23, 2019, and connected to the national power grid prior to December 31 this year, investors developed their projects at all costs, thus leading to many projects seeking investment approval while they were yet to be permitted to connect to the national grid or have electricity purchasing contracts, leaving an impact on the national grid. SGT … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 20