U.S. venture capital firms lining up for a slice of the burgeoning digital currency market are grappling with a novel challenge - some of the hottest tech startups that sell the coins just don't need their money. FILE PHOTO: Bitcoin (virtual currency) coins are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. Only a few years ago, digital currency entrepreneurs, like other Silicon Valley peers, had to line up to pitch their ideas to venture capitalists, who controlled their destiny as virtually the only source of funding. So-called initial coin offerings (ICOs), where new tech companies using blockchain technology can raise millions quickly by creating and selling digital "tokens," with no regulatory oversight, have turned traditional relationships upside down. Blockchain, a public online ledger of … [Read more...] about U.S. venture capital’s digital coin quandary: cash-rich startups
U s venture partners
Hop Long Investment and Trading Joint Stock Co. has signed an MOU with American partners, Alsher Titania and 5iTech, to build two titanium dioxide plants in the U.S. and Vietnam. Hop Long chairman Nguyen Thanh Long at a news briefing in Hanoi on Monday said the local firm would contribute US$15 million to build a technology transfer plant and then a pigment facility in Ohio with a total investment of US$50 million. The plant would use the Alsher Titania AHP process and turn out 3,000 tons per year. The second plant will be in Binh Thuan Province where titanium ore deposits exceed 200 million tons. The project will have capacity of 75,000 to 105,000 tons per year with estimated capital of US$400 million. The two sides will set up Alsher-Hop Long joint venture to carry out the projects and secure a monopoly using AHP technology in pigment processing in Vietnam. Hop Long runs an ilmenite-zircon-rutile mine with the capacity of 60,000 tons of titanium ore in Binh Thuan Province and a … [Read more...] about Local firm to build titanium plant in U.S.
By Mong Binh - The Saigon Times Daily HCMC – U.S. food and agricultural products companies are busy meeting with Vietnamese counterparts to seek ways to set up partnerships that will help boost trade, said the Acting Under Secretary for Farm and Foreign Agricultural Services at the U.S. Department of Agriculture (USDA). “The meetings will facilitate business ties, new sales, joint ventures and opportunities for investment that will expand and develop over time,” Michael Scuse told the welcome plenary session of a U.S. agricultural trade mission to HCMC on Tuesday. He is leading the first-ever mission of the USDA to the city until September 29. “The result will be increased trade and improved economic prospects for all,” he said at the session, which was attended by HCMC Vice Chairman Le Minh Tri, Chair of AmCham HCMC Christopher C. Twomey, and representatives of the 15 U.S. visiting companies and nearly 150 Vietnamese firms. Scuse told reporters after … [Read more...] about U.S. firms eager to partner with local agribusinesses
By Binh Nguyen - The Saigon Times Daily HCMC - The public affairs director of Overseas Private Investment Corp. (OPIC) has said Vietnam is emerging as an attractive place for those U.S. companies searching for opportunities to expand internationally. Lawrence Spinelli told reporters in HCMC on Wednesday that American firms were exploring overseas markets, particularly at a time of economic slowdown, and that a steadily growing Asia was certainly on their focus. “I think Vietnam is a very attractive place for that investment.” Vietnam is lucrative not just because of the market size but also the region-linked opportunities that the country offered to companies from America, Spinelli responded to a relevant question raised by the Daily at the news briefing, where he elaborated on the purpose of his first trip to Vietnam. Spinelli said he was in HCMC and Hanoi until this weekend to promote OPIC’s 7th annual investment conference in Indonesia in May with a view to … [Read more...] about OPIC: Vietnam attractive to U.S. investors
The Bank for Investment and Development of Vietnam (BIDV), the country's second largest bank, has successfully registered its name as a trademark in the U.S., it announced July 7. The bank has received a trademark registration certificate issued by the U.S. Patent and Trademark Office, bank officials said. BIDV is the first bank in Vietnam to have its trademark registered in a foreign country With the certificate, BIDV's name will be protected in 10 years with an option to renew. The certificate also allows BIDV to use its registered name as a property and contribution to a joint-venture with a foreign partner. Reported by Hoang Ly - Translated by Hieu Trung. … [Read more...] about Vietnam’s second biggest bank registers name in U.S.