Sendo raises $51 million from SoftBank Ventures Korea and other investors
Aug 16, 2018

HO CHI MINH CITY, Vietnam, Aug. 16, 2018 /PRNewswire/ -- Sen Do Technology JSC (Sendo), the #1 Vietnamese C2C marketplace, today announced that it has secured an investment of USD 51 million led by the SBI Group from Japan for Series B round, having SoftBank Ventures Korea, Daiwa PI Partners, and SKS Ventures as new investors. The funding round from investors in Japan, Korea, and Taiwan was participated by all the existing investors, including SBI Group, FPT Group, eContext Asia, BEENEXT, and BEENOS.

Nguyen Dac Viet Dung, Executive Chairman and Co-Founder of Sendo, said: "The funding would help the company to expand the C2C platform Sendo, launch the B2C marketplace SenMall, and making SenPay the leading fintech platform in Vietnam. Our ultimate goal is to continue to support hundreds of thousands of Vietnamese sellers to prosper, and along the way help creating millions of jobs for the Vietnamese people. Having achieved the annualized GMV of 330 million USD, the company is on track to surpass USD 1 billion of GMV in 2020."

Daniel Kang, Partner and Managing Director of SoftBank Ventures Korea, said: "Vietnam is at its inflection point, bolstered by rapid GDP growth, young population and willingness to adopt technology. Against this backdrop, Vietnam's e-commerce has strong growth potential and we believe Sendo's marketplace model will benefit from the environments the most."

In a fast-growing e-commerce market, Sendo has differentiated itself by focusing on not only Hanoi and Ho Chi Minh City but also the untapped Tier 2 cities population, where 70 million Vietnamese people live. Being a homegrown company also allows the company to have deep understanding of the Vietnamese local market and culture. Sendo currently serves more than 300,000 sellers and millions of buyers in all 63 provinces in Vietnam. To achieve its fast growth, Sendo focuses on utilizing the strength of partners in the ecosystem, such as merchants, third-party logistics, and advertising companies. The company also provides SenPay, a Mobile Wallet Service and Fintech solution on Sendo Platform as well as the off-line world.

Introduction of Sendo:

Launched in March 2012, Sendo is the #1 C2C marketplace in Vietnam, offering more than 10 million of products on its platform. This is also the first e-commerce marketplace combined with logistics providers and banks to provide customers with a full package of guaranteed transaction. In 2016, Sendo's fintech subsidiary FPT Wallet, which operates Senpay, received e-payment licensed from the State Bank of Vietnam.

Introduction of SoftBank Ventures Korea

Established in year 2000, SoftBank Ventures Korea is the only global early-stage venture capital arm of SoftBank Group based in Seoul, Korea. SoftBank Ventures Korea invests in start-ups with a strong potential in Asia, the U.S., Israel, and the EU, focusing on AI, IoT, and smart robotics industry. To date, Softbank Ventures Korea has invested US$600 million across 230 start-up companies.

Introductions of Daiwa PI Partners

Daiwa PI Partners is an entity of Daiwa Securities Group which engages in the principle investment business. Since its establishment starting out as a player in the debt investment field in 1998, Daiwa PI Partners has been broadly expanding its business, which now extends not only to debt investment but private equity and energy investment as well. It now engages in various investments worldwide, i.e., in Japan, Vietnam, and other Asian countries, U.K., and Australia.

Introduction of SKS Ventures

SKS Ventures is a global investment management institution established in late 2017. It manages over four funds, over USD350 million AUM, covering direct investments, funds of funds, pre-IPOs and leverage buyouts in industries such as TMT, education, beauty, packaging, biotech, manufacturing, IoT and more. SKS Ventures invests strategically and globally in China, Vietnam, the US, Hong Kong, and Taiwan. SKS Ventures integrates and revamps the current hardware industry to keep up with the changes and demands of the current and future retail, software and automobile market place.

Introduction of FPT Group

FPT is the biggest IT service company in Vietnam and region with more than 32.000 employees, including nearly 14.000 technology specialists.

FPT currently provides IT service in 33 countries all over the world, with key markets such as Japan, the U.S and Europe. As a pioneer in 4.0 revolution, FPT, together with global leading corporations which own 4.0 technology platforms in the world such as GE, Siemens, AWS,… is pioneering in digital transformation for customers in over the world.

Introduction of SBI Group

The SBI Group is Japan's leading financial services company which was established in 1999 as a pioneer of Internet-based financial services, and currently has formed the world's first Internet-based financial conglomerate, providing financial services in a broad range of fields including securities, banking and insurance. The SBI Group also globally manages a number of private equity and venture capital funds. As a pioneer in the Fintech industry and after years of actively investing in start-up companies in the sectors such as IT, mobile, bio-life science and Fintech, the SBI Group has now become a global leader in making active investments in the area of Fintech, artificial intelligence and Blockchain. With an aim to expand the Group's footprint in Southeast Asia, SBI Group has invested in and added value to a number of technology and financial services companies in the region as well.

Introduction of eContext Asia

Established in Sep 2012, EContext Asia is a holding company of payment businesses for the global expansion of EC platforms of all types.

Introduction of BEENEXT

BEENEXT is the Venture Capital managed by serial entrepreneurs and focuses on assisting founders with operational experience, global network, trust and the capital. The team invests in early-stage tech startups in Vietnam, other South East Asia, India, Japan and USA that create the Digital Platform (Marketplace, Payment, Fintech, AI, Data, SaaS, IoT, Healthcare, Agritech) with the power of network, technology and data. It supports the company's exponential growth via unique data generation and platform plays.

Introduction of BEENOS

BEENOS was founded in 1999 as an E-commerce marketplace during the early phase of Internet-related businesses in the Japanese market. Its business model is divided into two segments: the E-Commerce segment that engages in a variety of E-Commerce businesses domestically and internationally, and the Incubation segment which invests in tech startups mainly in Southeast Asia, Japan, and the US as well as creates new business opportunities for other subsidiaries. BEENOS's mission is to connect Japan with the world on the global platform frontier. BEENOS and one of its subsidiaries are publicly listed on the Tokyo Stock Exchange.

Contact: Ms Nguyen Ho Huyen Trinh - Marketing Director email:, phone: +84 (028) 73001188

Source: Sen Do Technology JSC

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Vietnam's Economic Miracle Unabated – New Tiger Is Born, Report Says
Investvine, A Company of Inside Investor, Ltd.
Aug 12, 2018

A latest commentary by Qatar National Bank (QNB) on Asian economies stated that Vietnam has become one of Asia’s, as well as the world’s fastest growing economies and can been seen as Asia’s latest “tiger” nation in the tradition of Hong Kong, Singapore, Taiwan and South Korea in the 1970s and 1980s and the so-called “tiger cub” economies of the following generation, Thailand, Indonesia, Malaysia and, more recently, India.

QNB names a range of indicators for Vietnam’s booming economy. GDP growth was 7.1 per cent in the first six months of 2018 as compared to the first half of 2017, which makes it the fastest growth since 2011. The manufacturing sector is leading with output up 13.1 per cent in the period, while construction is also playing a strong supporting role with output in that sector up 7.9 per cent.

According to QNB analysts, Vietnam’s manufacturing boom brings surging exports. Monthly trade statistics can be highly volatile but the latest data show goods exports up over 20 per cent in the first half of the year, following growth of over 17 per cent in 2017 as a whole.

Manufacturing and export success has been driven by Vietnam’s ability to attract large foreign direct investment (FDI) inflows into sectors such as clothing, footwear and, above all, electronics. It is now estimated for example that one in ten smartphones worldwide are now made in Vietnam. Latest data show FDI inflows also booming. These were worth an estimated $13 billion in the first half of 2018 with an 11-per cent year-on-year growth. To put these FDI inflows in context, Vietnam’s GDP in 2017 was worth around $220 billion, according to the latest data from the International Monetary Fund.

The foundation of Vietnam’s success is obvious: favourable demographics and low wage rates. Political stability also helps as does the country’s geographical location. Vietnam is also close to major global supply chains, particularly in electronics, which have emerged over the last decade or so.

But these factors are far from specific to Vietnam and so only explain a portion of its success. Recent research from the Brookings Institute think tank in the US highlights that it has been the ability to build on these solid foundations through good policies is what really sets Vietnam apart.

Three factors in particular have been critical. First, while many in the West are questioning the benefits of free trade, Vietnam has zealously pursued trade liberalisation on both a multilateral and bilateral basis. Vietnam, for example, has recently concluded a free trade agreement with the European Union which eliminates nearly all tariffs between the two. Trade agreements have dramatically lowered the external tariffs its exports face, helping integrate Vietnam into the global economy and further accelerating FDI investments.

Second, Vietnam’s investments in human capital, i.e. education, have been impressive, helping the country maximise its demographic potential. A stand out is that the OECD’s latest Programme for International Student Assessment (PISA), which tests high school students in mathematics, science and other subjects, ranked Vietnam an impressive 8th out of 72 participating countries; ahead of many leading OECD economies, let alone of many of its Southeast Asian peers.

Third, investments in human capital have been supported by progress in improving the country’s business climate. Vietnam has steadily moved up in both the World Economic Forum’s competitiveness index and also the World Bank’s ease of doing business survey. Investments in physical infrastructure such as power generation, roads and bridges and container port capacity have been vital in supporting Vietnam’s rich human capital.

Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
An International Showcase of Oil & Gas Industry, Its Supporting Companies and Technological Advancements
Jul 26, 2018

OIL & GAS TECH ASIA 2019: Your One-Stop Event for The Oil & Gas Industry in Vietnam

Slated for launch in 5-7 March 2019, Oil & Gas Tech Asia 2019 is the only specialized trade show in Ho Chi Minh City to showcase the latest technology in both upstream and downstream of the Oil & Gas Industry.

With the support of the local government, the oil and gas industry in Vietnam is set to accelerate in line with the vision set by its Prime Minister from 2017 to 2020. With the continuation of PetroVietnam’s divestment at a subsidiary level, PVN managed to surpass all business production targets in 2017. The domestic yield of crude oil was 1.29 million tonnes beyond the annual target, and its contribution to the State budget exceeded VNĐ22.9 trillion (US$1 billion), significantly contributing to the national gross domestic product growth.

The Vietnam-Russia Oil and Gas Joint Venture (Vietsovpetro) has set targets for 2018 that include pumping 4 million tonnes of oil and condensate and 126.5 million cubic metres of natural gas. The joint venture seeks to generate US$1.55 billion in revenue, and profits for Vietnam are expected to reach $115 million, along with nearly $111 million for Russia. In 2017, the company pumped 4.73 million tonnes of oil and condensate and 234 million cubic metres of natural gas, or 95% and 124% of the early plan, respectively. It earned revenues of $1.97 billion, 3.5% higher than the yearly goal.

With such lucrative gains, companies are seeking ways to enter the local market and be part of the growing industry; this is where we come in. Oil & Gas Tech Asia 2019 seeks to offer a holistic business experience by combining exhibition, conferences and seminars, and a host of networking sessions that connects quality buyers to Oil & Gas suppliers.

Phoenix Trade Fairs was conceived with the goal of being a one stop shop solution for businesses seeking to explore new markets, and for existing companies to source for new contacts to further grow their network. We aim to connect international companies with local businesses on the ground, allowing for an easy point of entry for overseas businesses looking to set foot into the countries where our trade shows are held. With a combined experience of more than 10 years in the trade exhibition industry, our team has managed several consumer & industrial trade shows and seminars before coming together to create our very own exhibitions portfolio. Backed by an industry leader, our team at Phoenix Trade Fairs is set to create more business opportunities for all exhibitors in their events.

For more information or to book a stand, please visit our website at

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Taiwan Excellence showcased various innovative technologies at Vietnam ICT Comm 2018
Jul 19, 2018

Ho Chi Minh City, June 7th, 2018 – Inheriting the success of last year’s exhibition, Taiwan Excellence has again joined the Vietnam International Telecommunication Products, Services, Information Technology and Communications (Vietnam ICT COMM 18) from 7th to 9th June, 2018 at Saigon Exhibition and Convention Center (SECC, District 7, Ho Chi Minh City).

Marking its second presence at one of the most prominent technological events in Vietnam with considerable growth in terms of both scale and number of exhibitors compared to the two previous years, Taiwan Excellence expressed its strategy as well as the commitment in enhancing the presence of the campaign in Vietnam’s market. Here, 22 brands of information and communications technology (ICT) represent the 10th place ranking economy in the success of digital infrastructure development, e-services and open government data[1]; also known as the 15th place in the global sub-index of innovation and sophistication factors[2].

Taiwan Excellence Pavilion at Vietnam ICT COMM 2018 showcased products and services honored by the “Taiwan Excellence Award”, based on breakthrough in research and development, manufacture, design, quality and marketing. In light of this vision, 22 Taiwanese enterprises have brought excellent and highly applicable products and services in the manufacture of software; mobile devices app; technology solutions; wireless technology; Internet service; service management; electronic products & services; services and broadcasting equipment and network infrastructure.

Besides some familiar names such as Acer, D-Link, Transcend, Aver, Zyxel, Plustek, uHandy, Vietnam ICT COMM 2018 also marks the first appearance in Vietnam of some Taiwanese ICT brands, including: Boxlight with school products such as speakers, projectors; Long with telecommunications and motorcycles battery; XTGL with lighting products; GreenE with nano-textile products etc.

According to a report released by the Taiwan’s Ministry of Finance (MOF), Taiwan is the world leading manufacturer of motherboard, cable CPE, WLAN, notebook and desktop. This industry becomes one of the main sources of Taiwan’s economic growth, contributes to 2.3 percent in real growth rate and is expected to expand its global IoT market share from 3.8% in 2015 to 5% in 2025[3].

Highlights from Taiwan Excellence Pavilion at ICT COMM 2018:


Acer Being Signage - the infrastructure to deliver advertising messages equipped with large screens and intelligent cameras linked through the cloud


Personal Cloud Storage (StoreJet Cloud 110) provides up to 8TB of personal storage space and amazingly fast transfer speeds of up to 110MB/s


Mini HD Wi-fi Camera with high definition clarity, sound & motion detection and especially cloud recording.


Cloud touch projector - the projector embedded inside a smartphone with finger touch function and ability to combine with peripheral devices can be applied in both education market and smart office.


With Zyxel’s innovative design and commitment to “RF First” for high performance and reliable connections through design, the NWA1123-ACv2 delivers increased coverage and improved connection speeds for every client.

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Forest database key for Việt Nam
Viet Nam News
Jun 09, 2018

Farmers prepare seed trees to sell to the market in the Cao Bằng northern mountainous provinces. Experts said a forest resource database was needed as the software was not only effective for State management but also useful for future scientific research on forestry development. — VNA/VNS Photo Quang Quyết

Viet Nam News - HÀ NỘI — Vietnamese people can control their own forest resources, ensure food security and diversify their income by using Management Information System for Forest Sector in Việt Nam (FORMIS).

Hà Công Tuấn, Deputy Minister of Agriculture and Rural Development made the statement at the forum on information and forest resources database held in Hà Nội on Wednesday by Việt Nam Administration of Forestry (VNFOREST) under the Ministry of Agriculture and Rural Development with the support from the FORMIS phase two project.

“People will be involved in the management and alleviation of poverty by sustainable use of timber and other forestry products, contributing to localities’ economic development,” he said.

The development of the Management Information System for Forestry Sector – Phase II (FORMIS II) project is financed by the government of Finland, the Trust Fund for Forests and the Government of Việt Nam.

Implemented by VNFOREST, the project aims to develop a fully integrated management system for sustainable management of forest resources at

The software is free to access. Up-to-date information on forest resources and forest coverage development will be used for decision making in the forestry sector at all levels and for statistical purposes.

The project’s key aims are to create information standards and information sharing mechanisms for the sector, to develop and maintain a centralised IT platform and portal within VNFOREST, to create capacity for forest related information management and to set up a forest information centre within VNFOREST.

Tuấn said this was the most modern software on forest resource database. The software is not only effective for State management and the building of forestry strategy but also useful for future scientific research on forestry development.

The database should be popularised so that data could be fully exploited, he said.

In addition, it should be open source because it didn’t only serve the forestry sector, but other sectors and the whole society can access and use the data, Tuan said, adding that people could evaluate data themselves.

According to Nguyễn Bình Minh, deputy director of the project, the database of forest resources includes national forest inventory data of all 60 provinces with forest coverage, poverty alleviation and results of forest protection efforts.

Data on forest changes would be updated annually by forest rangers from district level. It consists of information on the causes for changes in forest coverage, incidents like forest fires and exploiting activities, he said.

Tapio Leppanen, chief consultant of the project, said the database was the achievement of the whole country.

It was hoped that it would be updated and used effectively and everyone could access the database, he said.

The system would help improve efficiency and cost effectiveness in forest management and planning by reducing the cost of collecting data on forest inventory, he said.

He also said that the openness of the database would help strengthen its feasibility.

Participants at the forum agreed that that the software should be updated and provide accurate information. Therefore, it was necessary to improve the capacity of local officials, information processing and policies for software development, they said. — VNS

Company Viet Nam News
Contact Tran Mai Huong
Telephone (84-4) 3933 2314
Three Vietnamese Cities Added To Proposed ASEAN Smart Cities Network
Investvine, A Company of Inside Investor, Ltd.
Apr 26, 2018

Hanoi, Ho Chi Minh City and Da Nang in Vietnam will be part of the network of smart cities in the Association of Southeast Asian Nations (ASEAN) proposed by Singapore, the city state’s Prime Minister Lee Hsien Loong said on April 25.

“I visited all three cities during my two visits to Vietnam last year and was very impressed with their rapid urban development. Their inclusion in the smart cities network will add to ASEAN’s vibrancy,” Lee said..

The smart cities network, which aims to better connect digital infrastructure and services like e-payments across the region, is Singapore’s flagship initiative as the chair of ASEAN this year.

The three cities in Vietnam are among 26 proposed by the ten ASEAN members. However, more details are not yet public.

Singapore is keen to strengthen ASEAN’s resilience and innovation by developing e-commerce regulation and technology infrastructure and boosting cyber security in the region. ASEAN’s digital economy is forecast to hit $200 billion by 2025, according to a joint report by Singapore’s state fund Temasek and Google last year.

Meanwhile, the Monetary Authority of Singapore and the State Bank of Vietnam signed a co-operation agreement on mutual support of the development of financial technology solutions.

Singapore has sealed similar agreements with Australia, Britain and Middle Eastern countries. The government has offered tech firms powerful incentives to settle in the city state in a bid to establish itself as a fintech hub and a “smart nation.”

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Company Investvine, A Company of Inside Investor, Ltd.
Contact Imran Saddique
Automechanika Ho Chi Minh City 2018 opens, shining a light on Vietnam’s promising automotive service industry
Apr 23, 2018

Automechanika Ho Chi Minh City (AMHCMC) 2018, the leading regional trade fair for Vietnam’s automotive service sector, will open its doors at the Saigon Exhibition and Convention Center (SECC) in Vietnam from 25 – 27 April.

Since its debut show a year ago, the event has quickly grown to become an important part of the industry’s calendar. Stepping into its second edition, the 2018 show will house 360 international and local exhibitors across 9,200 sqm exhibition space, and is expected to attract over 8,500 buyers and trade visitors from near and far.

Serving as an international trading platform to connect the local automotive service industry with the world’s leading players, the fair’s exhibitors this year are from 17 countries and regions, including Bulgaria, China, Germany, Hong Kong (new), India, Indonesia, Italy, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, the UAE, the UK (new), the US and Vietnam. Some of the exhibiting brands include the likes of ElringKlinger, Hitachi Chemical, KYB, Sangsinbrake, Sobek Tire and Van Su Loi. As the show’s official strategic partner, renowned German lubricant brand Liqui Moly is also one of the participating exhibitors at the fair this year. The company will present a wide range of German-made repair and maintenance and car care products, including series of high quality oils, additives and greases for both four-wheel and two-wheel automobiles.

Meanwhile, a number of key industry sectors will also be on display during the show, including parts, components, electronics, systems, accessories, customising, repair, maintenance, dealer and workshop management, car wash, car care, reconditioning, alternative drive systems, digital solutions and tyres. To complement this wall-to-wall coverage, eight overseas pavilions will be featured this year, from China, Germany (new), Korea, Malaysia, Singapore, Taiwan, Thailand and the UAE (new). Participants within each of these exhibiting groups will undoubtedly bring their very latest developments to showcase during the three-day event.

Elsewhere, to accommodate the needs of the regional market and to complement the high demands on tyre and motorcycle products in Vietnam’s market, the fair has launched Tyre Competence and Motorcycle Competence. This means exhibiting companies with relevant products and solutions for the tyre and motorcycle sectors will be specially highlighted, allowing visiting buyers to quickly identify them for an efficient sourcing experience.

The show’s fringe programme this year is also an essential element to provide participants with a chance to expand their business networks and educational opportunities, by exploring the most up-to-date industry knowledge and market information. This year, the show brings together three concurrent fringe events. These are:

* Automechanika Academy will be held on 25 April. Seven free-to-join seminars will feature topics ranging from country policies, industry trends, material evolutions and industrial innovations.
* Repair & Maintenance Workshop will be held on 26 April, with two collision repairing courses, providing attendees with a chance to acquire advanced knowledge on collision repair and an understanding of international standards.
* Product Presentation will be held on 27 April. A number of international exhibitors will convey presentations about their latest product releases and technologies.

Demonstrating its strong position in Vietnam’s automotive service industry, Automechanika Ho Chi Minh City has received extensive support from many of Vietnam’s industry organisations. Joining the Vietnam Rubber Association (VRA) are a number of new supporters, including the Ministry of Industry and Trade (MOIT), the Ministry of Science and Technology (MOST), the Vietnam Association of Mechanical Industry (VAMI), the Ho Chi Minh City Association of Mechanical – Electrical Enterprise (HAMEE), the Vietnam Society of Automotive Engineers (VSAE) and OTO-HUI.

Likewise, international organisations are also supporting the event, including the Federal Association of the Manufacturers and Importers of Automobile Service Equipment (ASA), the International Cooperation Committee of China Auto Maintenance Equipment Industry Association (CAMEIA), the Taiwan External Trade Development Council (TAITRA) and the Taiwan Transportation Vehicle Manufacturer's Association (TTVMA).

Automechanika Ho Chi Minh City is co-organised by Messe Frankfurt New Era Business Media Ltd, Chan Chao International Co Ltd and Yorkers Exhibition Service Vietnam. The fair is one of 17 Automechanika fairs held in Africa, Asia, Europe and North, Central and South America. For further information about the show or to download high quality photographs, please or contact +852 2802 7728 /

- End -

Media Contact
Ken Chung
Tel +852 2230 9225
Fax +852 2598 7919

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Việt Nam is updating its emission target in Paris climate deal
Viet Nam News
Apr 23, 2018

Vĩnh Tân 4 thermal coal-fired power plant in the central province of Bình Thuận. Environmentalists have long decried Việt Nam’s reliance on coal-fired power, frequently linked with the exacerbation of global warming. — VNA/VNS Photo

HÀ NỘI — Việt Nam is reviewing and updating the country’s carbon emission target to better comply with the Paris agreement on climate change and prepare for the global assessment later this year.

Deputy minister of environment and natural resources Võ Tuấn Nhân announced the review during a consultation workshop on Wednesday, where international partners such as UNDP and EU contributed ideas and technical expertise to help the country reduce its emissions.

Deputy minister Nhân said that Việt Nam started its Nationally Determined Contribution (NDC) back in June last year and the report has been mostly completed. The greenhouse gas mitigation component focuses primarily on energy-related policies, industrial and agricultural production, land use, land-use change and forestry (LULUCF) and waste.

Evaluation of data needed for calculating costs and the feasibility of greenhouse gas mitigation in various areas and opportunities to mitigate greenhouse gas emission between 2020 and 2030 were also discussed.

Delegates debated Việt Nam’s capability to reduce greenhouse gas emissions by 8 per cent by 2030 and even achieve a 25 per cent cut with international support. They identified priority solutions for greenhouse gas mitigation and challenges to take such measures.

At the event, the review team proposed 45 plans for reducing greenhouse gas emissions in agriculture, industry, energy and LULUCF to achieve a cut of more than 299 million tonnes of CO2 between 2020 and 2030.

The team is working to review the local status of climate change adaptation, calculate losses and damage and benefits of integrating climate change adaptation and mitigation, and evaluate impacts of Việt Nam’s emissions cut target on the country’s socio-economic development.

Hoàng Anh, an expert from the agriculture ministry and a member of the NDC review team, suggested the NDC include issues like Agriculture 4.0, organic agriculture and aquaculture.

According to Prof. Trần Thức, vice chairman of the advisory council for the National Committee on Climate Change, the NDC is one of Việt Nam’s responsibilities to the international community. Close coordination between ministries and State bodies is vital for the development and implementation of Việt Nam’s NDC, he stressed, adding that socio-economic development is Việt Nam’s ultimate goal but it must be realised in tandem with adaptation to climate change.

After signing the global climate agreement in Paris in April in 2016, Prime Minister Nguyễn Xuân Phúc officially ratified the accord in November the same year – coinciding with the day the accord went into force and effectively binding Việt Nam to the deal’s terms that set out to keep global warming in check. As part of the efforts shared by 195 nations, each country is expected to submit an updated report on its NDCs every five years in to ensure the global temperature rise will not exceed 2 degrees Celsius above the pre-industrial level by the end of this century. The agreement also seeks to eventually achieve net zero emissions.

Currently, according to climate watch organisations, Việt Nam ranks 27th in greenhouse gas emissions, contributing around 0.72 per cent to the global emissions. — VNS

Company Viet Nam News
Contact Tran Mai Huong
Telephone (84-4) 3933 2314
Mekong Agritech Accelerator (MATCh) Selects 2018 Finalists
Mar 23, 2018

Top agritech startups to showcase their solutions at Greater Mekong Subregion Leaders Summit in Ha Noi

HA NOI, VIET NAM - 23 March 2018 – The Mekong Agritech Accelerator (MATCh) announced that 23 startups have been invited join its 2018 program. The cohort includes 13 startups from Cambodia, Lao PDR, Myanmar, and Viet Nam, as well 10 international firms proposing agritech solutions for these markets.

MATCh’s competitive application process sought to identify agricultural technologies and new business models with the potential to reshape agriculture towards sustainable and inclusive growth in the Greater Mekong Sub-Region (GMS). 127 startups applied. A panel of agriculture and food industry experts as well as investors evaluated the applications and selected the finalists.

Finalists will learn, share, and grow their businesses and technology with mentors, industry experts, and investors. They will attend a bootcamp to improve and refine their business models, and to build their networks. They will join 2018 GMS Leaders Summit on March 30-31 and showcase their solutions and technologies. Additionally, they will be a part of the Future Food Asia Award event on May 23rd in Singapore.

MATCh is the first accelerator for agritech startups in Cambodia, Lao PDR, Myanmar, and Vietnam. It is funded by the Australian Government and the Asian Development Bank (ADB), and is co-organized by the Mekong Business Initiative (MBI), Future Food Asia, and the GMS Core Agriculture Support Program (CASP).

When asked about the MATCh participants, Dominic Mellor, of the ADB who heads up the MBI, said "We are extremely impressed with the innovations from the MATCh participants. MBI and our partners will work with the selected innovators and entrepreneurs on transforming the agricultural industry in the Mekong Region into a leading supplier of safe and nutritious food for all.”

“Through a number of MATCh applicants we found that the GMS region has embraced technology quite fast and had tweaked it to make it more applicable for their markets and customers. Global solutions providers are a bit more mature business; helping them develop in the GMS region will further accelerate the adoption of technology by providing role models local entrepreneurs can relate to.” said Isabelle Decitre, founder and CEO of ID Capital, the company operating Future Food Asia.

“MATCh is a great platform for us to connect within the agritech ecosystem. We really share and learn a lot from other participants and mentors. I hope that MATCh will continue to support us to make a difference in the Mekong region.” said Mr. Pham Duy Hung, CEO and Founder of PADCO.

“MATCh was launched at the sidelines of the Second GMS Agriculture Ministers’ Meeting in September 2017 in Siem Reap, Cambodia”, said Pavit Ramachandran, Principal Environment Specialist, ADB. “The meeting endorsed the GMS strategy for promoting safe and environment-friendly agriculture value chains and action plan for 2018-2022. MATCh is an important initiative as entrepreneurship and technology are key to enhancing the competitiveness of small producers and inclusiveness and sustainability of the supply chain.”

About the Mekong Business Initiative (MBI) – MBI The Asian Development Bank and the Australian Government jointly launched the MBI in 2015. MBI catalyzes private sector development in emerging Association of Southeast Asian Nations (ASEAN) markets, focusing on Cambodia, the Lao People’s Democratic Republic (Lao PDR), Myanmar, and Viet Nam. The program aims to improve the business-enabling environment in these four emerging ASEAN markets with particular focus on business advocacy, alternative finance, and innovation. Alongside MATCh, MBI organizes innovation accelerator programs including Mekong Innovative Startups in Tourism (MIST), the SMART City Innovation Challenge Vietnam, and the Fintech Challenge Vietnam.

About the GMS Core Agriculture Support Program (CASP) – CASP supports the GMS in attaining its goal of being a leading producer of safe food using climate-friendly agriculture practices. Now in its second phase since 2012, it is committed to increasing the subregion’s agricultural competitiveness through enhanced regional and global market integration and subregional connectivity. CASP is overseen by the agriculture ministries of the six GMS countries comprising the GMS Working Group on Agriculture, namely: Cambodia, the People’s Republic of China (specifically, Yunnan Province and Guangxi Zhuang Autonomous Region), the Lao People’s Democratic Republic, Myanmar, Thailand, and Viet Nam. Co-financing is provided by the ADB, the Government of Sweden, the Nordic Development Fund, and the Water Financing Partnership Facility.

About Future Food Asia – Future Food Asia is the first of its kind platform to accelerate Agri-tech and Foodtech innovations in the Asia-Pacific region. In partnership with multinationals, government organizations, startups and research teams, it is building an integrated innovation network. Operated by Singapore-based VC investment & advisory firm ID Capital, Future Food Asia is looking for agile startups to innovate and disrupt the food value chain. The annual Future Food Asia Award ceremony rewards the winners of its annual competition and promotes open innovation in the region with the goal to catalyze and align an ecosystem to cope with the challenges of food.

Jason Lusk
MATCh Communication Manager
Tel. 0969 760 912
Worldwide Telephone: +1 262 385 0670
Whatsapp: +84 (0) 969 760 912

Future Food Asia / ID Capital
Abhinav Mehra
Vice President

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Vietnam To Cooperate With Qatar In Food Security
Investvine, A Company of Inside Investor, Ltd.
Feb 14, 2018

Vietnam and Qatar have decided to work closer in the field of food security as the Middle East country is looking for new import sources and food trading partners in the wake of continued tensions with other Gulf Cooperation Council countries.

According to Vietnam’s ambassador in Qatar, Nguyen Dinh Thao, Vietnam has made significant advancement in food exports over the past decade and also made progress in cooperation with large food importers in the Middle East under their food security programmes.

“Vietnam plays an important role in global food security as it has made progress in food security and increased production for international markets,” Thao said, adding that “Vietnam is ready to cooperate with Qatar especially in the field of food security. High-tech agriculture is also a development focus for Vietnam in maintaining food security in the future and it is an area which Qatar and Vietnam can work together.”

Vietnam is a net exporter of agri-food, seafood, rice and many other agricultural products. In 2016, exports of agriculture and forestry products reached $18.1 billion, an increase of 6.5 per cent year-on-year and accounting for 10.3 per cent of the country’s total exports. Seafood exports were valued at $7 billion, an increase of 6.8 per cent as compared to the previous year and accounting for four percent of total export value.

Vietnam also wants to increase export of tropical fruits to the Middle East, starting with Qatar, with the main types of fruit being bananas, grapefruit, dragon fruit, mango, coconut and also durian.

Vietnam could fully meet Qatar’s demand for tropical fruits, Vietnam’s Minister of Agriculture and Rural Development, Nguyen Xuan Cuong, said. According to him, Vietnam had 1.8 million hectares of cultivation area for fruits and vegetables with an annual output of 20 million tonnes, and this figure would double in the future if demand increases.

Besides seafood, other food exports to Qatar would include Vietnam’s top agriculture products such as vegetables, coffee, cashew nuts and pepper.

Vietnam and Qatar are looking back at many years of close relations and business ties. As early as in 2008, Qatar’s sovereign wealth fund Qatar Investment Authority set up a $1-billion fund to invest in agricultural development, as well as cattle and lamb farming in Vietnam.

Qatar is also investing in the real estate, tourism, banking and petroleum sector in Vietnam, and the Gulf country’s national airline Qatar Airways operates direct flights from Doha to Hanoi and Ho Chi Minh City

Currently, there are around 1,400 Vietnamese citizens residing in Qatar, namely researchers, students, engineers and workers in the construction and service industry.

Photo by Peter Wendt on Unsplash

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