Vietnam’s agrifood export market is expanding, presenting significant opportunities for trade businesses. To thrive globally, enterprises should track market trends, align with regulatory changes, meet compliance standards, and invest in R&D and innovation. Read more
Vietnam Agriculture 2024: Green Approach
Vietnam’s deepening international integration underscores the agricultural industry’s commitment to global standards and shared responsibilities. Vietnamese agriculture is diligently translating its efforts into comprehensive actions. Read more
Vietnam Foreign Trade Continues Recovery in 2024
Vietnam’s foreign trade has continued to rebound in the first four months of 2024 following a major trade slump recorded in 2023, according to the latest data released by the General Statistics Office (GSO).
Both imports and exports witnessed significant growth as demand in key export markets ratchets up and domestic economic activity continues to recover following the COVID-19 pandemic. Read more
Vietnam tourism expects strong breakthrough in 2024
With rapid growth by the end of 2023, the tourism industry expects a strong breakthrough in 2024, welcoming 17-18 million international visitors, equal to that of 2019 – the “golden year” of Vietnamese tourism before the COVID-19 epidemic.
This number shows the determination of the tourism industry to fully recover, while also posing significant challenges in competing with other countries in the region.
International tourists visit Hanoi’s Old Quarter by cyclo.
Key points and market implications of Vietnam’s new Real Estate Business Law
The National Assembly on November 28, 2023 passed the Law on Real Estate Business 2023 (LREB 2023), which will take effect on January 1, 2025. Read more
Nextrans Expands Support For Local Tech Startups With New $50 Million Vietnam
South Korean venture capital firm Nextrans is gearing up to launch a $50-million fund for Vietnamese tech startups in November.
Nextrans has been very active in supporting early-stage startups in Vietnam since its entry in 2015. Nextrans has supported more than 100 startups in South Korea, Vietnam, and the US since 2004. It started investing in Vietnam startups in 2015 and has so far invested in 32 tech startups here, including TopCV, BuyMed, Infina, Vuihoc, Tiki, and Gitiho.
The new Vietnam-focused fund signifies the firm’s deeper interest in the country’s fast-growing tech startup ecosystem. Nextran’s general manager Le Han Tue Lam told DealStreetAsia that the firm targets to achieve the first close in December, with cheque sizes up to $3 million.
Aside from Vietnam, Nextrans also invests in about 70 other startups from South Korea and the US.
“In our upcoming fund, we will continue investing in early-stage startups in not only emerging sectors such as wealthtech, proptech, SaaS, EV, and fintech but also seeking opportunities in sustainable growth areas such as EV, food waste, and food safety solutions,” the firm wrote on its LinkedIn page.
Nextrans, a key player in Vietnam’s venture capital landscape, has invested in 32 local startups, including Base.vn, Cooky.vn and Azota. The firm is looking for tech-driven companies that can fuel growth across vital sectors like consumer goods, education, finance, healthcare, and agriculture.
Source: vietcetera