Scene at the award ceremony (Photo: VOV) Hanoi (VNA) – Sixty-eight businesspeople were honoured as excellent young startup entrepreneurs of 2018 at an award ceremony held in Hanoi on August 27. The top ten among those were also announced, including Do Thi Hoai, chairwoman of the executive board of Vietnam CHC Development JSC (Hanoi); Nguyen Thi Vu Hien, director of Thang Long gas trade & development JSC (Thai Nguyen); and Duong Long Thanh, director of Thang Loi real estate JSC (HCM City). These 68 businesspeople were chosen from hundreds of nominees across the country through three rounds of selection. In 2017, together they generated 2.865 trillion VND (123.19 million USD) in revenue and 147 billion VND (6.32 million USD) in profit, contributed 91 billion VND (3.91 million USD) to the State budget, and created 4,100 jobs. The figures for the top ten entrepreneurs were respectively 1.231 trillion VND (52.93 million USD), 75 billion VND (3.22 million USD), 55 billion VND … [Read more...] about Sixty-eight excellent young startup entrepreneurs honoured
Startups entrepreneur
Visa gives local startups a boost
The award winners and their Visa’s Everywhere Initiative trophies Visa’s Everywhere Initiative (VEI) is a global innovation programme in which Visa tasks up-and-coming businesses with solving some of the most challenging issues in payments and commerce. Visa has received many submissions since the programme kicked off in May this year. Last week, nine of Vietnam’s most innovative startups gathered at The Dreamplex in Ho Chi Minh City for the grand finale of the competition. The finalists represented a truly diverse cross section of Vietnam’s business scene and included everything from recruiting services and online marketplaces to food delivery. Sean Preston, country manager for Visa Vietnam and Laos, told VIR that the participants are comprised of fintech companies, startups, entrepreneurs, and small businesses. Each of them has unique ideas to bring together different elements of technology as well as business processes to create products and services which … [Read more...] about Visa gives local startups a boost
Startups in Vietnam should be pushed to take risks
Nguyen Dang Quang, a Vietnamese education expert and CEO of Michael Academy of Intelligence A few years ago, I left my job as a senior manager in a prestigious state-owned company and struck out on my own. It was a lifelong dream. I took a co-working space in an inner part of Hanoi, where I could rent a small work desk at a reasonable price. It was spacious enough for several startups to band together for work, and much cheaper than renting a workplace on their own. My former colleagues didn’t even bother to hide their worried looks when they visited me at work. They saw a place full of 20-something, with tattoos and jeans and pullovers and laptops. It just wasn’t me, they said. Some even said I was crazy to be in such a place. That was three years ago. To this day, my associates and I remain steadfast on the road we chose, our will still unbroken. Vietnam’s startup culture seems to have become its zeitgeist in the last few years. Forums, policymakers, … [Read more...] about Startups in Vietnam should be pushed to take risks
Vietnam’s startups should be pushed to take risks
A few years ago, I left my job as a senior manager in a prestigious state-owned company and struck out on my own. It was a lifelong dream. I took a co-working space in an inner part of Hanoi, where I could rent a small work desk at a reasonable price. It was spacious enough for several startups to band together for work, and much cheaper than renting a workplace on their own. My colleagues didn’t even bother to hide their worried looks when they visited me at work. They saw a place full of 20-something, with tattoos and jeans and pullovers and laptops. It just wasn’t me, they said. Some even said I was crazy to be in such a place. That was three years ago. To this day, my associates and I remain steadfast on the road we chose, our will still unbroken. Vietnam’s startup culture seems to have become its zeitgeist in the last few years. Forums, policymakers, entrepreneurs, scholars... they all talk about startups and the so-called Fourth Industrial Revolution. For a … [Read more...] about Vietnam’s startups should be pushed to take risks
HCMC opens forum to connect local startups with overseas partners
HCMC opens forum to connect local startups with overseas partnersBy Chi Thinh Nguyen Thien Nhan, Secretary of the HCMC Party Committee, speaks at the “Connecting Vietnamese Startups at Home and Abroad” Forum on June 26 - PHOTO: CHI THINH HCMC – The HCMC government opened a special forum today, June 26 to connect local startups with partners abroad, including among startups themselves and with investment funds, major corporations and potential investors. The two-day forum, titled “Connecting Vietnamese startups at home and abroad,” is jointly organized by the HCMC government and the Ministry of Foreign Affairs. The forum is a reciprocal event of a similar forum connecting startups in Vietnam and the U.S., which was successfully held in San Francisco in December by these two organizers. Nguyen Thien Nhan, secretary of the HCMC Party Committee, placed strong emphasis on enhancing entrepreneurship, especially in science and technology areas, and … [Read more...] about HCMC opens forum to connect local startups with overseas partners