Tuesday , December 24 2024

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Vietnam set to become Asia startup hub

Vietnam set to become Asia startup hub

Vietnam could be Asia’s next startup hub after local companies saw funding surge over 40 times in the last five years, a venture capitalist said. Venture funding for startups in Vietnam reached $2.1 billion last year, up from just $48 million in 2017, Binh Tran, co-founder of Ascend Vietnam Ventures, …

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Cancellation of FLC transaction to hurt investors

Cancellation of FLC transaction to hurt investors

The cancelled transaction of 74.8 million shares sold by FLC chairman will not hurt investors who bought the shares from him, while others will struggle to sell a hot potato. As Vietnam stock regulators keep a T+2 cycle, which means it takes 48 hours or more for the shares to …

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