News vn

Viet Nam News HÀ NỘI — Việt Nam is a potential market for Australian table grapes because of its growing middle class, rapid economic growth and the increasing purchasing power of Vietnamese consumers. The statement was made by Yvonne Chan, Australian Deputy Consul-General and Senior Trade Commissioner to Việt Nam, at a seminar in Hà Nội on Thursday. The event was organised to cement existing trade relations and build new partnerships among Australian table grape exporters and Vietnamese importers. Table grapes are produced in all Australian states, with the majority grown in Victoria. Of the country’s roughly 1,000 table grape growers, most are small-scale, family owned businesses. Australia plants an average volume of 170,000 tonnes of table grapes each year, 62 per cent of which is exported to 42 countries and territories, Chan said. Việt Nam is the 7th largest importer of Australian table grapes with a 4 per cent share, … [Read more...] about Australia to boost VN trade ties through table grapes

Viet Nam News HCM CITY — Vietnamese companies need to improve their production technologies and strengthen linkages with foreign companies to improve their competitiveness in both domestic and overseas markets, a seminar heard in HCM City on Wednesday. Lê Hoài Quốc, head of the management board of the Saigon High Tech Park, told the Việt Nam-Korea production technology seminar that 97 per cent of companies in the country are small and use modest technologies. According to the HCM City Association of Mechanical – Electrical Enterprises, the computer numerical control (CNC) machine manufacturing industry in Việt Nam and HCM City in particular is not developed. Most machinery used in the local market is imported from other countries, 65 per cent from developing countries and the rest from developed ones. The association said Việt Nam’s industrial sector is integrating globally and growing rapidly, and rising investment by foreign … [Read more...] about VN firms told to improve production technologies

Viet Nam News HCM CITY — Base.vn, a Việt Nam-based SaaS (software as a service) platform enterprise, has successfully raised US$1.3 million in its second round of funding. This round was led by Alpha JWC Ventures (Indonesia) and Beenext (Singapore), with 500 Startups and VIISA, who had provided seed funding, joining in again. The amount is “the biggest ever invested in a B2B tech company in Việt Nam,” Phạm Kim Hùng, Base.vn’s founder and CEO, said. “Our first priority with this funding is to acquire more talent for product development and build a solid platform for our strategic expansion in Southeast Asia in mid-2019.” Alpha JWC Ventures’ co-founder and managing partner, Chandra Tjan, said: “Selling to enterprises is challenging, and Base.vn with its outstanding products has managed to become a market leader in the SaaS sector in Việt Nam.” Founded in 2016, Base.vn is the first open platform in … [Read more...] about Base.vn raises $1.3 million

Viet Nam News HÀ NỘI — Việt Nam needed to develop policies and an ecosystem to encourage angel investors to invest money in start-up businesses, heard a conference on Tuesday held by the Việt Nam National University’s University of Economics and Business. Khôi Nguyễn, founder and CEO of Wefit, a fitness startup with more than 100,000 users, said at the conference that the start-up ecosystem in Việt Nam had not fully developed yet. Together with a lack of a transparent legal framework, the start-up ecosystem was discouraging angel investors and venture capital funds from investing in Vietnamese start-ups. He added that several start-ups were asked to set up businesses in Singapore when receiving funding from angel investors or venture capital firms. Lawyer Vũ Văn Tính from the Hà Nội Bar Association said Việt Nam lacked a pproper legal framework to boost start-up development and tax policies to … [Read more...] about VN needs policies to encourge investment in start-ups