Ho Chi Minh City, May 17, 2022, Touchstone Partners today announced that it participated in Eureka Robotics’ recently closed pre-Series A round of funding, which raised US$4.25 million from a handful of investors. In this fundraising round, Touchstone joins lead investor The University of Tokyo Edge Capital Partners (UTEC) and existing investor ATEQ. Eureka Robotics is a Singapore-based start-up which develops software and systems to automate tasks that require simultaneously High Accuracy and High Agility (HA-HA) across a range of industries, including optics, electronics, and automotive. The company has deployed robots and systems in factories in Singapore, China and Japan. Eureka Robotics was founded in 2018. The company plans to use the new capital raised to expand its operations beyond Singapore where it is headquartered and Paris, France, where it maintains an R&D office, including establishing an office in Vietnam in Hanoi in July 2022. It initially plans to … [Read more...] about Touchstone Partners invests in Eureka Robotics
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History proposed to be compulsory subject in high schools
Most members of the Committee for Culture and Education disagreed with making History an optional subject at the high school level for many reasons. First, History is a particularly important subject, playing a key role in political and ideological education for the young generation; educating patriotism, national self-esteem, cultural and historical traditions; fostering the thinking capacity and proper actions and behaviors in social life; thereby forming the qualities of Vietnamese citizens in the development trend of the times. Secondly, in terms of age, high school students, from the age of 15 to 17, mature in awareness and have better receptive ability about the national history. This is also the age that determines the formation of worldview, the system of views about nature, society, principles and behavior rules, and human value orientation. Third, History is always a compulsory subject in the high school curriculum in many countries worldwide, such as the US, France, … [Read more...] about History proposed to be compulsory subject in high schools
Not lending to property sector will have mixed effects: analysts
A view of HCM City. Many banks have temporarily ceased lending to the property sector. — Photo vneconomy.vn Deputy Governor of the State Bank of Viet Nam, Dao Minh Tu, announced at the Government’s March press conference that credit growth in the first quarter of the year had been 5.04 per cent, much higher than the 2.16 per cent rise in the same period last year. He described it as a “quite positive result” that showed the economy had made a significant recovery with people’s lives and businesses returning to normal thanks to the Government’s effective measures against the COVID-19 pandemic. According to a report by the SBV’s HCM City office, credit growth in the country’s main economic hub was estimated at 3.65 per cent in the first quarter. The positive performance has encouraged many banks to set high goals for the full year. At its annual general meeting on March 16, VIB approved a growth target of 30 per cent, much higher than the cap of 14 per cent set by the central … [Read more...] about Not lending to property sector will have mixed effects: analysts