The Vietnam Venture Summit 2019, the first of its kind, will take place in Hanoi on June 10, providing a dialogue platform between the Vietnamese government and major international venture funds.
Hanoi (VNA) – The VietnamVenture Summit 2019, the first of its kind, will take place in Hanoi on June10, providing a dialogue platform between the Vietnamese government and majorinternational venture funds.
Hosted by the Ministry ofPlanning and Investment, the event will also see the presence of representativesof domestic funds, said Minister of Planning and Investment Nguyen Chi Dung.
Dung said there were over 3,000start-ups in Vietnam last year, ranking third in Asia. Up to 67 percent ofVietnamese population use the Internet, 57 percent actively use social mediaand 73 percent have mobile phones.
Vinnie Lauria, a representativeof Golden Gate Ventures, which coordinates with the Ministry of Planning andInvestment to organise the event, said representatives of over 100 venturefunds will travel to Vietnam to seek opportunities. Major deals with Vietnamesestart-ups will be also announced, he said.
The summit will introduceVietnam’s business environment, start-up ecological system and the NationalInnovation Centre to participants, as well as acquire investors’ suggestionsregarding the government’s support and others.
Discussions will focus on supportand demand in financial technology, artificial intelligence and e-commerce, andexperience in expanding business operations globally.
Dung expressed his wish that thesummit will be held annually to promote innovation and encourage domestic firmsto form venture funds.
An annual report by the TopicaFounder Institute said domestic start-ups received as many as 889 million USDin 92 deals last year, tripling that in 2017.-VNA
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Illustrative image (Photo: Internet) 
