Startups with low investment

VerseHub is one of many Vietnamese startups developing a virtual universe. (Metaverse). Photo: Trong Dat According to Yahoo News, VerseHub - a Vietnamese technology startup - has received $1 million by a group of angel investors. The startup develops technology products following the trend of the Metaverse virtual universe. Since Facebook changed its name to Meta and confirmed it would pursue the development of a virtual world, Metaverse projects have become a hot trend in the international technology market. According to Yahoo News, VerseHub is invested in by a group of unnamed investors, led by GameFi. The founders of VerseHub have had hands-on experience in creating Metaverse products, even before the trend spreads. Canh Ho - co-founder and CTO of VerseHub - said that he initially wanted to set up a company in the UK but the startup will soon move to Vietnam to contribute to spreading the entrepreneurial spirit in his homeland. Before receiving funding from a group of … [Read more...] about Vietnam’s Metaverse startup receives US$1 million

A corner of the Hoa Loi social housing complex in Binh Duong Province’s Ben Cat Town. (Photo: VNA) HCM City (VNS/VNA) - Provinces in the southeastern region are making efforts to build more social housing units to address the housing needs of migrant workers from other parts of the country. The Ho Chi Minh City People Committee has directed the Department of Construction to work with districts' People Committees to complete a housing development project in the 2021-2030 period and submit plans to the city People's Committee for approval. According to the plan, the city will complete pilot software to manage the planning, resources and construction of a central area covering 930ha. The city government will improve relations between the Department of Construction and district People's Committees and Thu Duc city in the granting of construction permits and management of technical infrastructure. The city department wants to increase the average housing area per … [Read more...] about Southeastern provinces to build more social housing for low-income workers

Nguyễn Dương Thanh, a member of the group installs UVC light into a cooling system. — Photo courtesy of Nguyễn Dương Thanh HÀ NỘI — A group of students from Lý Tự Trọng College (HCM City) came up with an idea to integrate UVC light in refrigeration units to eliminate viruses and bacteria, including SARS-CoV-2. Final-year students Nguyễn Dương Thanh, Nguyễn Thị Kim Thoa, Lê Hoàng Huy, Lê Văn Nam, and Trần Thanh Mãi started the project after seeing the reality during their internship. “We were installing cooling appliances for supermarkets as part of our internship. During this time, we noticed that there were micro-organism clusters in the cooling systems,” Nguyễn Dương Thanh said. “We then tried to figure out how the cooling appliances could still function as usual while minimising the amount of bacteria and viruses on its surfaces. Integrating UVC light was the optimal option.” Their work was praised for its practicality at Startup Kite 2021, … [Read more...] about Student start-up uses UVC light to kill viruses

A shop of The Coffee House cafe chains. — Photo bnews.vn In November The Coffee House, one of the country’s major cafe chains, opened its first takeout kiosk under the brand name TCH NOW. The small kiosk near Kingfoodmart in HCM City’s BinhChanh rural district was a response by Coffee House to the severe impact the Covid-19 pandemic had on it like on many other coffee chains. Besides near supermarkets, it also plans to open mobile kiosks on pavements in the hope of reaching out to a large number of customers. The HCM City- based chain, established in 2014, had over 100 stores nation-wide before the pandemic began. Packaged food producer KIDO Group has also adopted the mobile kiosk model to expand its coffee market share. The kiosks sell the Chuk Chuk brand of products including coffee. In July this year, it opened a chain of stores in HCM City selling the ChukChuk brand of ice cream, milk tea, tea, coffee, and fresh bakery products with an investment of VND100 billion … [Read more...] about Big cafe brands scramble for share of takeout market

Da Nang calls for RoK’s investment in ICT A forum to promote investment in information and communications technology (ICT) in the central city of Da Nang from the Republic of Korea (RoK) was held virtually on November 30, bringing together representatives from over 200 enterprises and investors from the two countries. The event aims to introduce potential, advantages, preferential and investment support policies of Da Nang to RoK businesses and investors, especially in ICT, and high technology. Addressing the event, Deputy Minister of Information and Communications Phan Tam said the RoK is the largest foreign investor in Vietnam with over 9,000 valid projects worth over 71.5 billion USD, including nearly 500 investment projects in the ICT field with the presence of the world's leading technology corporations such as Samsung and LG. To welcome more investments from the RoK, the Vietnamese Government has been perfecting models, mechanisms and policies to create breakthrough … [Read more...] about VIETNAM BUSINESS NEWS DECEMBER 1

Residents register for the $2.6 billion financial support package from the Government to support workers affected by the COVID-19 pandemic. — Photo dangcongsan.vn Viet Nam's fiscal support package needs to contain the pandemic and minimise health and economic impacts, so it will be necessary to give priority to spending on health, social security and support for the business sector. Chairman of the National Assembly Vuong Dinh Hue yesterday chaired the Vietnam Economic Forum 2021 in Ha Noi, where economic experts discussed and suggested fiscal and monetary policies to support socio-economic recovery and development after the COVID-19 pandemic. The forum themed "Recovery and sustainable development" was co-organised by the National Assembly Economic Committee, the Central Economic Commission and the Vietnam Academy of Social Sciences, connecting 57 locations in the country and three international ones, gathering opinions from a large number of scientists and experts in various … [Read more...] about Support packages should be spent on health and business recovery: forum