Vietnam – a magnet for foreign investors: Russian expert
Having the third most vibrant startup ecosystem in Southeast Asia, Vietnam has been a promising land for foreign investors, according to Sergey Sinitsyn from the Moscow State Institute of International Relations.
Hanoi (VNA) – Having the third most vibrant startup ecosystem inSoutheast Asia, Vietnam has been a promising land for foreign investors,according to Sergey Sinitsyn from the Moscow State Institute of InternationalRelations.
A report from the ESP Capital and Cento Ventures shows that investment forVietnam’s share of startup investment value in the region jumped from 5 percentin 2018 to 17 percent last year.
In the past four years, the country’s innovation and startup ecosystem hasdeveloped from dawn to a level that is significant to the whole region,Sinitsyn was reported by Sputnik as saying.
Vietnam has become a hub for innovation projects in Asia-Pacific, he said,adding attractive sectors include finance, education, technology, artificialintelligence and blockchain technology.
Several standout investments are Singaporean Temasek’s participation in VNGCorporation’s project, Softbanks & GIC’s investment in VNPAY, and WarburgPincus’s investment in MoMo.
Particularly, VNG Corporation became Vietnam’s first ever unicorn tech start-upfollowing investment of GIC, he said.
He stressed Vietnam has high-quality human resources, laying stress on theimportant roles of universities, institutes as well as business incubators and humanresources training centres.
Meanwhile, the Vietnamese Government plays a tectonic role in encouraging andsupporting a modern economy, he said, describing the Ministry of Science and Technology’seffort to organise the annual Techfest Vietnam which creates opportunities forlocal startups to access international markets like the US, the Republic ofKorea, Singapore and Russia as a significant milestone in pushing ahead aninnovative economy in the nation./.
Cobtain – a group of Vietnamese students, beat thousands of contestants from over 30 countries to become the winner at the SAGE Global 2020 Competition with their idea of recycling corn cobs into agricultural products.
An ASEAN 2020 startups forum focusing on new opportunities in the digital age was jointly organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the ASEAN Business Advisory Council (ASEAN-BAC) in Hanoi on October 16.
The Indonesian venture capital (VC) firms’ association (Amvesindo) announced that Indonesian startups had lured 1.9 billion USD in funding through 52 funding rounds by the end of the third quarterof 2020.
The top 60 Vietnamese start-ups chosen from thousands of contestants competed at the semi-final round of the 2020 Vietnam Start-up Wheel contest in HCM City on November 13.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative photo. (Source: VNA)
