JAMJA is a platform for discount discovery on restaurants, fashion and beauty products. — Photo courtesy of JAMJAViet Nam News HÀ NỘI — Vietnamese technology startup JAMJA Joint Stock Company has raised VNĐ20 billion (US$858,369) from international investment funds in the pre-Series A round. Four investment funds from the Republic of Korea and Japan participated in this round, namely Korean KB Investment, Nextrans, Bon Angels and Japanese information technology corporation Framgia. JAMJA is a platform for discount discovery on restaurants, fashion and beauty products. The company also received investment from Foody.vn and homegrown venture capital firm ESP Capital in 2016 and 2017. According to JAMJA’s general director Lê Hùng Việt, this success will help JAMJA focus on investing in product development, vertical integration, market expansion and customer growth. Explaining why they invested in JAMJA, Taihei … [Read more...] about VN’s technology startup raises $860,000 from investment funds
Investment
Australian businesses eye Bac Giang investment egg
At the event, Cade Anthony James, CEO of HunterNet, expressed hope that Bac Giang province will introduce the group to potential partners such as cooperatives and agricultural businesses for the supply of products in the locality. Due to those efforts, HunterNet will gain greater insight into the province’s poultry industry. Nguyen Van Linh, Chairman of the provincial People’s Committee briefed the Australian companies on the socio-economic situation in the locality and provided them with information on poultry flocks. At present, Bac Giang has about 17 million fowl with an output of around 26,000 tons per year, thus offering plentiful opportunities for Australian companies and groups to invest in the locality’s poultry processing sector. Appreciating the Australian businesses’ keen interest in Bac Giang province’s agricultural sector, Linh said his province will create the optimal conditions for the businesses to survey locations and introducing … [Read more...] about Australian businesses eye Bac Giang investment egg
Ho Chi Minh city calls on investment in flood prevention
Delegates talk on the sideline of the meeting. (Photo: PANO)Flooding reduction is one of the seven key programs of the city, which needs over VND96.3 trillion in investment. Some VND22.95 trillion has been disbursed in the 2011-2015 period. An increase of investment from domestic and foreign resources is considered an effective solution in the condition of limited budget, contributing to boosting the city’s sustainable development. So far, only nearly 4,200 of 6,000 kilometres of sewers, four main water sewerage gates, two of 12 wastewater treatment plants, some 64 of 149 kilometres of dykes around Saigon River, and 1 of 10 sewers controlling tides have been completed, while the other constructions are ongoing, which requires a large amount of capital for continued flooding prevention and waste water treatment projects. During the meeting, the city People’s Committee called on investment in 17 flooding prevention projects, including seven waste water collection and … [Read more...] about Ho Chi Minh city calls on investment in flood prevention
Foreign investment into Bà Rịa-Vũng Tàu soars 30%
Viet Nam News HCM CITY — The southern province of Bà Rịa - Vũng Tàu has attracted US$2.15 billion of foreign direct investment (FDI) since the beginning of this year, up 30.6 per cent over the same period last year. The province ranks third in FDI attraction in the country. To date, FDI enterprises have invested in 360 projects in the province with a total registered capital of more than $28 billion, according to a report from the provincial Department of Planning and Investment. In addition to attracting new projects, the province has created favourable conditions for existing projects to increase capital. This year, 30 FDI projects have increased capital of more than $320 million. These include projects such as a brewery with a capacity of 610 million litres per year of Heineken Việt Nam Brewery Vũng Tàu JSC and the Heineken Việt Nam Brewery Limited Company in Mỹ Xuân A Industrial Zone in Phú Mỹ … [Read more...] about Foreign investment into Bà Rịa-Vũng Tàu soars 30%
Environmentally friendly power plants to draw investment: BI
Jakarta (ANTARA News) - Development of power plants based on renewable energy such as wind energy, water energy and geothermal energy, which are environmentally friendly would help boost investment, Bank Indonesia said. Director of the North Sumatra representative office of Bank Indonesia Andiwiana said in a written statement here on Saturday North Sumatra has big resources of new and renewable energy that could be utilized for economic development. Bank Indonesia will continue to be ready to initiate discussion on development of renewable energy in the province, he said. The potentials such as the Asahan river are not yet adequately tapped for the welfare of the people, he said. He said electric requirement in North Sumatra grows 7-8 percent a year. Hydroelectric plants could be built to meet the peak load for northern Sumatra. Reporting by Erafzon SAS Editing by Otniel Tamendael … [Read more...] about Environmentally friendly power plants to draw investment: BI