Saturday , November 23 2024

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$50 mln Vietnam-focused fund to be set up by South Korean investment firm

$50 mln Vietnam-focused fund to be set up by South Korean investment firm

South Korean investment company Nextrans plans to launch a US$50-million Vietnam-focused fund in November to take advantage of the country’s booming startup scene. “We will continue investing in early-stage startups in not only emerging sectors such as property technology and financial technology but also seek opportunities in sustainable growth areas …

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Vietnam issues 459,000 e-visas since reopening

Since Vietnam reopened its borders and resumed pre-pandemic visa policies in March, it has issued 459,000 e-visas. An e-visa costs US$25 and takes three working to be issued, the Immigration Department said. It called on foreigners to visit the official website for e-visa application at evisa.xuatnhapcanh.gov.vn. There has been a …

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Spotify profit margins squeezed by slow ad growth; stock sinks

Spotify profit margins squeezed by slow ad growth; stock sinks

Spotify Technology SA on Tuesday said third-quarter profit margins were squeezed by slow advertising growth, fanning concerns about the weak global economy’s effect on digital advertising. Spotify shares slid 4% in after-hours trading, stung by sector-wide weakness after Google parent Alphabet Inc missed market estimates for quarterly revenue as advertisers …

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