startups

Update news startups

Co-working spaces flourish in Saigon

 VietNamNet Bridge - If Bill Gates or Steve Jobs began their career in their family's garage, young people today can launch their start-ups in co-working spaces.

Vietnamese-American tech firms in US yet to reach $1billion status

VietNamNet Bridge - Vietnamese-born Americans have gained encouraging achievements with their technology firms in the US but none of the startups have reached unicorn status, or a $1billion valuation. 

Foreign funds pour money into Vietnamese startups

VietNamNet Bridge - More Vietnamese startups have received huge investments from foreign investors in recent months.

Vietnam targets 1 million businesses by 2020, but will they survive?

VietNamNet Bridge - Vietnam is expected to have 1 million businesses by 2020 as targeted by the government, but economists warn that companies won’t be able to grow in a stifling business environment.

Complicated procedures in VN drive startups to Singapore

VietNamNet Bridge - More and more Vietnamese firms, especially technology startups, are registering their businesses in Singapore to avoid complicated administrative procedures in Vietnam.

Foreign cafe chains suffer setbacks, domestic chains arise

VietNamNet Bridge - Many foreign cafe chains have stalled after a period of development, while some have closed because they could not survive the competition. 

When will Vietnam’s stock market be classified as ‘emerging’?

The Director of the State Securities Commission’s (SSC) Market Development Department, Nguyen Son, said that Vietnam is struggling to upgrade its stock market from frontier to emerging by the end of the year.

Restaurant chains lure foreign investors

VietNamNet Bridge - Restaurant chains continue to expand as financial investors keep looking for chains to pour money into. The chains are a very profitable business field.

Vietnam's richest stock millionaires and their big dreams

VietNamNet Bridge - Many of the richest businessmen in the stock market started at very low starting point. However, they have gained big achievements.

Testing problems at laboratories hinder fight against unsafe food

VietNamNet Bridge - Two laboratories have offered different conclusions about the same vegetable samples, with one saying the vegetables were safe, while the other saying the toxicity level was 3.5 times higher than the permitted level.

The rarest wild orchid garden in Vietnam

VietNamNet Bridge - Vietnam has many precious orchid species, but many of them have become extinct because of poor conservation. 

Are the next 5-year economic goals attainable?

VietNamNet Bridge - The difficulties Vietnam has to face in the next five years will increase as ODA loans will be cut by 50 percent, while new loans will bear an interest rate of 3 percent.

Traditional retail channels still favored in Vietnam

VietNamNet Bridge - Though Vietnam is seeing the strong rise of the modern distribution channel, it is traditional retail which still plays an important role in the Vietnamese distribution system.

More foreigners are buying apartments in Vietnam

VietNamNet Bridge - Many foreigners have bought houses in Vietnam since the government removed strict regulations on foreign ownership. 

Thailand sells rice stockpile, Vietnam may lose buyers

VietNamNet Bridge - Soon after Thailand announced the plan to sell 11.4 million tons of rice in stockpile over a two-month period, Vietnam’s exporters predicted they would be hurt by the move

Are Vietnamese students no longer eager for higher education?

VietNamNet Bridge - Going to university is no longer ‘a must’ for many Vietnamese students, who would rather go to vocational schools and work at factories than attend university and remain unemployed.

HCMC asks gov't for investment incentives for makers of unburned bricks

VietNamNet Bridge - The HCM City People’s Committee has proposed to the Ministry of Finance (MOF) and Ministry of Industry & Trade (MOIT) to create a legal framework for the production and use of unburned bricks.

Businesses get lost in ‘forest of sub-licenses’

VietNamNet Bridge - A survey by the Vietnam Chamber of Commerce and Industry (VCCI) has found that businesses operate under the regulation of 7,000 sub-licenses or 7,000 business conditions.

Will a new financial package stimulate real estate demand?

VietNamNet Bridge - New credit packages to help stimulate real estate demand will be launched as the national VND30 trillion package for low-income earners ends disbursement in June.

Thai retailers replace Vietnamese goods at supermarkets

VietNamNet Bridge - The volume of Vietnamese goods now available at supermarkets and shopping malls has dropped by two thirds as many have been replaced by Thai products.