Vietnam's emerging startup scene is proving to be a case of right place, right time for local and international venture capital funds. Eleven “rising star” startups in Southeast Asia in September converged at the “500 Startups Demo Day” in Ho Chi Minh City to spotlight the dynamic technology landscape in Vietnam and broader Southeast Asia. “There’s more hype about Vietnam’s tech scene now than ever before, as this is an exciting time for Vietnam overall,” said Mr. Eddie Thai, General Partner at 500 Startups Vietnam. “Vietnam is fast becoming an attractive destination for local and international venture capital funds, who are hoping to capture the growing consumer opportunities and leverage the Vietnamese entrepreneurial spirit.” Rising appetite Vietnam’s startup sector is growing at a rapid clip despite the global economic slump and is closing the gap with regional leaders. In only two years, it has made a big leap … [Read more...] about Startups catching the eye
Aun qa standards
The Ministry of Education and Training (MOET) has published 32 textbooks for eight subjects and experience activities, but these do not include textbooks for English. According to Tien Phong, at the workshop titled ‘Vietnam Education Publishing House and the task of renovating general education program and textbooks’, in the North, the publisher introduced four sets of sample textbooks which have been approved by the Appraisal Council. Article 5 of Circular No 33 on standards, process of compiling and editing textbooks, says that textbooks must properly and fully present the content of learning subject curricula or educational activities; and they must be basic, scientific, practical and consistent with the reality of Vietnam. Therefore, there must be specific regulations and standards on using foreign textbooks for Vietnam’s schools. If using foreign books, publishing houses only cooperate with foreign publishers to make a profit. Meanwhile, the textbook … [Read more...] about English textbooks not yet approved by Education Ministry, why?
The positive results posted by Vietnamese manufacturers in support industries over the last 20 years have come mostly on the back of the development of the local motorcycle industry. Despite the government’s policies to limit the number of vehicles on Vietnam’s streets, there have been many opportunities in place for manufacturers to grow, according to Ms. Truong Thi Chi Binh, Vice Chairwoman and Secretary General of the Vietnam Association of Supporting Industries (VASI). “They are willing to be involved further in automobile support industries once volumes in the industry are sufficiently large, along with government support in terms of policies,” she said. Bright side The Export Mechanical Tool JSC (EMC), the Nhat Quang Steel Limited Company, and the Manh Quang Mechanics Co. - three of VASI’s 224 members - have posted good results from the flourishing motorcycle market. Reaching 3.38 million local and imported vehicles in 2018, Vietnam stood behind … [Read more...] about Auto support industries falling short
A garment-textile factory in Vietnam (Photo: VNA) Hanoi (VNA) – The Vietnam Improvement Programme has helped 82 garment-textile and footwear factories in Vietnam invest 37 million USD in efficient use of resources, thus saving 30 million USD per year, according to the International Finance Corporation (IFC). Over the last three years, the programme, initiated by the IFC – a member of the World Bank Group, has also helped those factories save a total of 4 million cu.m. of water and reduce 303,000 tonnes of green house gas emission a year. Effective use of resources and performance improvement have enabled Vietnamese businesses to attract new customers who seek suppliers meeting global sustainable standards. Country manager for Vietnam, Laos and Cambodia of the IFC Kyle Kelhofer said the measures not only save production costs but also raise competitiveness of domestic firms in the global supply chain. Vietnam is currently among the 10 largest garment-textile … [Read more...] about Firms benefit from programme on efficient use of resources
This was an important event in Vietnam-US relations and demonstrated the joint efforts of overcoming the war aftermath in Vietnam for the two countries, contributing to realizing the Joint Statement of the Vietnamese and US senior leaders during the official visit to Vietnam in 2017 by US President Donald Trump. Vietnamese Deputy Prime Minister Truong Hoa Binh speaking at the event Addressing the ceremony, Vietnamese Deputy Prime Minister Truong Hoa Binh confirmed that the Party, State and government of Vietnam always consider overcoming consequences of war an urgent task. Such humanitarian and human activities help ensure a healthy and safe life, a clean environment for the Vietnamese people and contribute to the sustainable socio-economic development of the nation. The Vietnamese governmental leader highlighted the dioxin remediation project at Bien Hoa Airbase as a vivid illustration of the US’s strong commitment to joining hands with Vietnam in the post-war … [Read more...] about Work starts on Dioxin Remediation of Bien Hoa Airbase Project