Premia MSCI Vietnam ETF tracks the MSCI Vietnam Index, which aims to capture leading large and mid-cap Vietnam-based companies that represent 85 percent of market capitalisation in Vietnam. (Photo: cafef.vn) Hanoi (VNS/VNA) - Hong Kong-based investment firm Premia Partners, one of the top 8 exchange trade fund (ETF) issuers in Hong Kong, has announced the listing of Premia MSCI Vietnam ETF to seek investment opportunities in Vietnam. Premia MSCI Vietnam ETF tracks the MSCI Vietnam Index, which aims to capture leading large and mid-cap Vietnam-based companies that represent 85 percent of market capitalisation in Vietnam. The index is dominated by the real estate (45.5 percent) and consumer staples (30.2 percent) sectors and comprises 16 constituents, most notably property developer Vingroup (22.0 percent) and Vinhomes (12.7 percent), and dairy producer Vinamilk (17.8 percent). Compared to other ETFs currently operating in Vietnam’s stock market, Premia MSCI Vietnam ETF remains … [Read more...] about Hong Kong fund introduces MSCI Vietnam ETF
Vietnam based companies
Vietnam-based healthcare startup raises $5m from Singaporean fund
JIO Health operates an online healthcare app as well as a brick-and-mortar clinic in HCM City to provide a range of medical services, including pediatrics, primary care, chronic disease management and ancillary care. — Photo courtesy of JIO Health Vietnamese based healthcare start-up JIO Health has clinched US$5 million in a Series A financing round led by Singapore venture firm Monk’s Hill Ventures, according to the news site Tech in Asia. JIO Health plans to use the proceeds from the investment to further expand its suite of services and meet its growth expectations, it said in a statement. The start-up is also trying to expand the scale of the team providing care and operations in Viet Nam. Founded in 2014 by Raghu Rai and serial entrepreneur Ken Rohl in the US, the start-up was relocated to Viet Nam after its founders saw the opportunity to offer tech-driven healthcare services to people who live in Southeast Asia. The company operates an online healthcare app as well … [Read more...] about Vietnam-based healthcare startup raises $5m from Singaporean fund
Tokyo and Vietnam-based AI startup Cinnamon raises US$15 million in funding
The Hanoitimes - By acquiring the investment, Cinnamon is expected to accelerate the growth through the expansion of customer network to the US, while building strong organizations to provide cutting-edge AI technologies and quality customer services in Japan, Vietnam, and Taiwan (China). Investors pour US$900 million into Vietnam’s start-ups in 2018 Hanoi gives priority to innovative start-ups Vietnam fully supports new business models from Industry 4.0: PM Vietnam to invest in innovative start-ups Tokyo and Vietnam-based Artificial Intelligence startup Cinnamon has raised US$15 million for series B with Japan’s Venture Capital Funds of SBI Investment and SPARX Group as the main investors and for debt finance by Sumitomo Mitsui Banking Corp., said the company in a statement. Illustrative photo. Cinnamon provides Flax Scanner, a cognitive document reader, and other AI engines for the Japanese market. The software enables users to extract … [Read more...] about Tokyo and Vietnam-based AI startup Cinnamon raises US$15 million in funding
Recruitment platform GetLinks sees great potential in Vietnam
Thailand-based tech recruitment platform GetLinks saw Vietnam as a major market that will require a great deal of high-tech talent to facilitate its turn to Industry 4.0. According to Djoann Fal, co-founder and CEO of GetLinks, Vietnam, an active country working on modernisation and Industry 4.0, is in huge need of high-tech labour force – which the company can provide. Djoann added that Vietnam has a strong community of enterprises and startups and is also home for many multinational groups which are always in need of high-tech labour force. “We will bring our wealth of experience and knowledge on providing qualified high-tech labour force to both domestic enterprises and international companies in Vietnam,” he said. Djoann Fal, CEO of GetLinks, sees great opportunities in Vietnam Apart from providing high-tech labour force, GetLinks will also connect Vietnam based and foreign universities to ensure a supply of graduate students and will also organise … [Read more...] about Recruitment platform GetLinks sees great potential in Vietnam
Can Vietnam’s textile & garment industry benefit from the trade war?
VietNamNet Bridge - The textile & garment export turnover in the first 10 months of the year reached $25.15 billion, an increase of 17.1 percent compared with the same period last year, partly due to the trade war between the US and China, according to the Ministry of Industry and Trade (MOIT). The textile & garment export turnover is on the rise The US continues to be the biggest export market for Vietnam, bringing about 50 percent of total export turnover. MOIT confirmed that exports increased sharply partly thanks to the trade war as orders left China for Vietnam. Vietnam is expecting rapid growth rates in the export of textiles and garments, which will see the biggest benefits from the US-China trade war. The Chinese yuan is depreciating against the US dollar and against the Vietnam dong as well. This allows Vietnamese enterprises to import fabric and input materials from China at lower prices. Meanwhile, Vietnam can obtain bigger market share in the US as … [Read more...] about Can Vietnam’s textile & garment industry benefit from the trade war?