More than 330 Vietnamese startups were established in 2018 with 34 industry verticals represented, according to the e27 Southeast Asia Startup Ecosystem Report 2018 released by startup-focused website e27 on January 21. Of these, 23 startups across eleven industry verticals raised a total of $193.8 million in funding, with the average deal being $8.4 million. The top 5 industry verticals by number of fundraising deals were E-commerce (7), Enterprise Solutions (3), Education (2), FinTech (2), and Travel (2). The top 5 industry verticals by average deal size raised were Consumer ($51 million), Education ($26.6 million), E-commerce ($10.5 million), Travel ($3.2 million), and Logistics/Supply Chain ($2.4 million). According to e27’s data, e-commerce was the most common vertical for entrepreneurs. The sector leads the industry with the most deals but ranks only fourth in total fundraising. This implies there is a lot of interest and activity in the industry, but no player has … [Read more...] about 23 startups raise funding of $200 mn
How to raise funds
According to a 2018 report by the World Bank, Vietnam's credit access index ranks 29th out of 190 economies surveyed, higher than the average of the Organization for Economic Co-operation and Development (OECD) and East Asia & Pacific. But Vietnamese small and medium-sized enterprises (SMEs) said it is a big challenge for them to access credit. According to the Vietnam Chamber of Commerce and Industry (VCCI), only 30 percent of SMEs in Vietnam have access to loans from the formal sector, with the rest having to use their own funds or depend on unregulated loans. This makes it hard for them to find business opportunities and solve other problems with respect to cash flow, working capital, and debts. The VCCI has drawn up a list of loans types and the challenges each segment faces. Bank loans Many banks have made it possible for SMEs to get access to credit. In the past few years most joint stock banks have earmarked tens of trillions of dong ($1=VND23,381) for priority sectors. … [Read more...] about Who do Vietnam’s small and medium-sized enterprises turn to for funds?
Students were also taught how to deal with hazardous situations and practise first aid in emergencies caused by natural disasters. The programme was held under the framework of a meeting hosted by the provincial People’s Committee and the UN Children’s Fund (UNICEF) to mark Vietnam’s National Day for Natural Disaster Prevention and Control (May 22). Addressing the meeting, Nguyen Ba Ninh, Director of Ninh Thuan provincial Department of Education and Training said that natural disasters have not only caused great losses to people and property but have also directly impacted on the teaching and studying in the locality. He applauded the drill programme for educating children on reducing their vulnerabilities to the effects of disasters and raising their responsibilities in protecting the environment. Vice Chairman of provincial People’s Committee Tran Quoc Nam said that since students serve as an effective bridge for popularising information, knowledge and skills … [Read more...] about Programme helps to raise awareness of disaster prevention among students
Viet Nam News HCM CITY — Rock’N’Share 2018 will be a chance for rock fans to enjoy performances of established rock bands and rockers in HCM City on May 13. The liveshow will features Microwave band, singer Phương Thanh, PAK, Bụi Gió band, Parasite band and Hạc San. They will perform their popular songs which have made contribution to Vietnamese rock music scene in the late 1990s to the early 2000 year. Four-member Microwave will rock audiences with performances of their songs Lối Thoát (The Exit), Thời Gian (Time) and Tìm Lại (Found It Back). Founded in 2001, Microwave released their debut nu metal album Lối Thoát, and in 2005 featuring the song Tìm Lại which then became a hit of the year and rocketed the band to fame. The band is also a regular at the annual Rock Storm festival – the biggest rock event in Việt Nam. Their second album Thời Gian, which features … [Read more...] about Rock’N’Share 2018 raises fund for poor children
Sáng not only provides the children with food and education but also teaches them how to recite Buddhist scriptures. Viet Nam News by Bảy Núi Phạm Thị Kim Sáng lives as a nun in her home in Châu Đốc City in the southern province of An Giang. Her small house, located deep inside a narrow lane, may not be properly furnished but has always been filled with the laughter of the children whom Sáng has adopted in the past 15 years. Reciting prayers to raise funds Sáng says she left home at 16 to prepare herself to become a nun in a pagoda. When her parents found out, they did not approve and tried to force her to return home to lead a secular life. But she was determined to become a nun. Five years later, she decided to travel by herself to the Central Highlands province of Lâm Đồng to go to a pagoda despite her family’s objections. When her mother passed away in 2003, Sáng returned … [Read more...] about Nun offers home to homeless children