Illustrative image (Photo: VNA) Hanoi (VNA) – Many students showed interest in logistics startups while attending a recent seminar held by the Ministry of Industry and Trade (MoIT)’s Export-Import Department and the Vietnam logistics training network. The students expressed their hopes to work for logistics firms before setting up logistics startups, but wondered as fresh graduates whether they would be employed or not. CEOs of major logistics companies like Delta International and Kepler Logistics said working spirit and passion for logistics were more important than experience as they provide training for all new employees. Tran Thanh Hai, deputy head of the Export-Import Department, said many universities and colleges have started offering logistics training programmes, helping shorten training duration for businesses. Economists at the seminar told the students how to set up startups, stressing innovation and creativity as key factors. Dinh Viet Hoa, … [Read more...] about Vietnam – fertile land for logistics startups
Logistics startups
Top startup trends in Vietnam confirm hi-tech bias
A report recently released by Topica Founder Institute (TFI), a startup accelerator program in Vietnam and Thailand run by Hanoi-headquartered multinational educational technology company Topica, says 92 major investment deals totaling $889 million were struck in Vietnam last year. The investment in Vietnamese startups tripled from 2017. Among these, the top five areas in attracting funding were Fintech, E-Commerce, Travel Tech, Logistics and Education Tech. Fintech Fintech ranked first with eight deals worth $117 million last year, according to TFI. Experts have said that Vietnam has a lot of potential for fintech development. According to a report by consulting firm Solidiance, the value of Vietnam’s fintech market is set to increase from $4.4 billion in 2017 to $7.8 billion in 2020. But fintech remains a new category in Vietnam with a small-scale ecosystem compared to other ASEAN members like Singapore and Indonesia, it said. While most startups are currently operating in … [Read more...] about Top startup trends in Vietnam confirm hi-tech bias
Vietnamese logistics startup raises $5.5 mln in latest funding round
By Pham Van  February 12, 2019 | 02:07 pm GMT+7 Logivan has raised $5.5 million in the latest funding round. Photo by Logivan Logivan, a web platform that helps trucks connect with potential customers, said it has raised $5.5 million in the latest funding round. The investment comes from two Asian angel investors and Indonesian venture capitalist Alpha JWC Ventures. One of the angel investors is David Su, a founding managing partner at private equity firm Matrix Partners China, who invested through his family office. He said: "Vietnam is the next rising star in the growing Southeast Asia region and it is well poised to experience a similar growth trajectory as we witnessed over the past years in China. "Vietnam’s logistics industry is highly fragmented, logistics costs make up 23 per cent of Vietnam’s GDP, with 90 per cent of trucks in Vietnam being owned by individuals. Given the success of Manbang (a Chinese truck-hailing firm), we believe that … [Read more...] about Vietnamese logistics startup raises $5.5 mln in latest funding round
Vietnamese logistics startup raises $5.5mln in latest funding round
By Pham Van  February 12, 2019 | 02:07 pm GMT+7 Logivan has raised $5.5 million in the latest funding round. Photo by Logivan Logivan, a web platform that helps trucks connect with potential customers, said it has raised $5.5 million in the latest funding round. The investment comes from two Asian angel investors and Indonesian venture capitalist Alpha JWC Ventures. One of the angel investors is David Su, a founding managing partner at private equity firm Matrix Partners China, who invested through his family office. He said: "Vietnam is the next rising star in the growing Southeast Asia region and it is well poised to experience a similar growth trajectory as we witnessed over the past years in China. "Vietnam’s logistics industry is highly fragmented, logistics costs make up 23 per cent of Vietnam’s GDP, with 90 per cent of trucks in Vietnam being owned by individuals. Given the success of Manbang (a Chinese truck-hailing firm), we believe that … [Read more...] about Vietnamese logistics startup raises $5.5mln in latest funding round
[email protected] Vietnam 1.0 picks startup Logivan for London event
Vietnamese logistic startup Logivan took over 11 other entrepreneurs from across Vietnam to win the audience vote at [email protected] Vietnam 1.0, which for the first time ever took place in Ho Chi Minh City on December 3. Witnessed by the Duke of York, Logivan will represent Vietnam to take part in [email protected] Global 3.0, at St. James’s Palace in London on December 12, 2018. “There are a number of organisations, including starting and scaling businesses, and we are one of those numbers, but we are trying to be different in the sense that we are trying to work with the businesses, grow them, and not seek to only invest in them but to enhance their prospects of growth. I am very impressed by what I have seen today, with the range of different ideas, and I think there is a lot more in Vietnam in the coming time,” Prince Andrew, the Duke of York, told VIR. [email protected] Vietnam 1.0 was presented by The Duke of York The Duke added that the most important thing was … [Read more...] about [email protected] Vietnam 1.0 picks startup Logivan for London event