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Ascend Vietnam Ventures has exceeded its US$50 million target for its flagship early-stage venture capital fund, AVV Alpha. Ascend Vietnam Ventures (AVV), the fund led by Binh Tran and Eddie Thai, is seeking the next wave of globally iconic startups emerging from Vietnam. Eddie Thai is speaking at a growth event for founders. Photos: AVV The team has increased its investments in startups in Vietnam, seeding up to US$2 million into 25 startups next year and following on with checks of up to $5 million. With the new fund, AVV has been exploring a broad range of tech opportunities including those in financial inclusion, education, and future of work. AVV Alpha is backed by a mix of investors from Asia, Europe, and the US, including development finance institutions, funds, corporate VCs, and high-net-worth individuals from leading local and regional companies. It has picked ten startups in the past nine months, including Kilo (SaaS & wholesale … [Read more...] about Ascend Vietnam Ventures seeks building global startups in Vietnam

Vice President Vo Thi Anh Xuan (left) meets President of the Philippines Ferdinand Romualdez Marcos Jr on July 1  . (Photo: VNA) Hanoi (VNA) – Vietnamese Vice President Vo Thi Anh Xuan on July 1 had a meeting with President of the Philippines Ferdinand Romualdez Marcos Jr as part of her visit to the country to attend the latter's swearing-in ceremony. Vice President Xuan conveyed congratulations from President Nguyen Xuan Phuc and Vietnamese leaders to the Philippine President. The Vice President expressed her belief that with his rich experience and determination to bring practical benefits to the people during his presidency, President Marcos will lead the Philippines to develop prosperously and affirm the country’s important role and position in the region and in the world. She also conveyed a letter from President Nguyen Xuan Phuc inviting President Marcos and his wife to visit Vietnam soon. The Philippine President thanked Vice President Xuan and the Vietnamese … [Read more...] about Vietnamese Vice President meets with foreign leaders in Philippines

The 26th ASEAN-RoK dialogue was held in Seoul on July 1. (Photo: VNA) Seoul (VNA) – The Republic of Korea (RoK) affirmed the importance it attaches to relations with the Association of Southeast Asian Nations (ASEAN) during the 26th ASEAN-RoK dialogue in Seoul on July 1. The RoK’s Deputy Minister of Foreign Affairs Yeo Seung-bae and Ambassador Vu Ho , acting Head of ASEAN SOM Vietnam, co-chaired the event, the first in-person dialogue between ASEAN and a partner after a two-year hiatus due to the COVID-19 pandemic. The two sides reviewed their relationship, outlined cooperation orientations and compared notes on regional and international issues. The RoK said it backs ASEAN’s centrality and pledged to coordinate with the bloc in implementing the ASEAN Outlook on the Indo-Pacific through practical cooperation programmes and activities. The country spoke highly of ASEAN’s contributions to peace, cooperation and prosperity in the region over the past years, saying … [Read more...] about RoK attaches importance to relations with ASEAN