Asia pacific fund

The country has seen a soar in investment this year (Photo: soha.vn) Hanoi (VNA) - Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia. The country has seen a soar in investment this year compared to 0.4 percent last year, according to the Fintech in ASEAN report released by the United Overseas Bank (UOB). Singapore took the leading position with 51 percent, down from 53 percent last year. Indonesia stepped down one place to third with 12 percent, compared to 37 percent last year. Thailand, Malaysia and the Philippines accounted for less than 2 percent of Southeast Asia's total fintech investment, down sharply from about 10 percent last year. In Vietnam, the leading field attracting venture capital in fintech companies was payment. VNPay, a Vietnamese e-payment solutions provider, took the lead in the report with total capital revealed to be 300 million USD this year. Singaporean insurance company … [Read more...] about Vietnam ranks second in fintech investment in Southeast Asia

An export shrimp processing line in Vietnam (Photo: VNA) Hanoi (VNA) – Vietnamese agro-forestry-fishery products are now available in 180 countries and territories thanks to Vietnam’s increasing global economic integration and implementation of free trade agreements. Economic integration has helped Vietnamese agri-products overcome tariff barriers, especially staples such as rice and aquatic and wood products. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has created excellent opportunities for Vietnamese agri-products to join global supply chains, according to deputy head of the Agro Processing Market Development Authority (AgroTrade) Tran Van Cong. It also creates a driver as well as pressure on domestic businesses to increase exports of processed products with high added values, he added. According to Nguyen Ton Quyen, Vice Chairman of the Vietnam Timber and Forest Product Association, other members of the CPTPP are potential … [Read more...] about Global economic integration helps Vietnam expand agri-products markets

Illustrative photo (Source: VNA) Binh Thuan (VNA) – A workshop was held in the central province of Binh Thuan on December 21 to review the results of the project “Enhancing Opportunities for Women’s Enterprises (EOWE)”, which has been underway in the province since 2016. The EOWE Project, part of the “Funding Leadership and Opportunities for Women (FLOW)” programme, is being implemented in the provinces of Binh Thuan, Ninh Thuan, Quang Binh, and Binh Dinh by the SNV Netherlands Development Organisation between 2016 and 2020, with funding from the Netherlands’ Ministry of Foreign Affairs. The FLOW-EOWE project aims to advance women’s economic participation and self-reliance by creating a conducive environment for female entrepreneurship as a vehicle for change. It focuses its support on women working in agribusinesses by increasing their access to agribusiness models, assets, technology, markets, and information. In order to increase … [Read more...] about Binh Thuan reviews project to enhance agricultural opportunities for women

Anwar bin Sholeh had something to cheer when he showed up at a Jakarta training centre to practice pencak silat -- the Indonesian martial art was added to UNESCO's prestigious heritage list. "It's an honour that pencak silat has been recognised internationally," the 38-year-old, who has been practising the art since elementary school, told AFP. "This will motivate us to preserve our traditions and culture," he added. Dating back to as early as the 6th Century, one legend has it that the ancient martial art -- which blends self-defense and artistic elements -- originated after a woman watched a tiger do battle with a giant hawk, and copied their techniques to fight off a pestering group of drunken men. The term pencak silat describes hundreds of indigenous combat styles in Southeast Asia, with fighters wielding a terrifying array of weapons such as knives, sickles and machetes. It has gained greater awareness outside Indonesia after being featured in Star Wars and John … [Read more...] about Indonesian martial art pencak silat gets UNESCO heritage status

A production line at Tien Thinh Production, Trading and Service Company Limited. Vietnamese enterprises need more opportunities to receive technology transfer from foreign investment activities.(Photo: VNA) Hanoi (VNS/VNA) - Vietnamese enterprises need more opportunities to get technology transfers from foreign investment activities and join ventures with foreign partners for sustainable development of the domestic industry. Technology is important in improving global competitiveness for local manufacturers in Vietnam, said BT Tee, General Director of Informa Markets Vietnam. The domestic industrial sector, which contributes 50 percent of national GDP, has a strategic position in the sustainable development of the domestic economy and attraction of foreign investment. Local enterprises must actively improve production scale and technology and connect with professional partners to develop the industry and participate in the global supply chain, said BT Tee. To do this, some … [Read more...] about Domestic industry needs technology transfer