startup fund

Vietnam: CMC Corporation launches $2.2m early-stage startup investment fund

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CMC will extract every 10% of its annual profits to facilitate the fund.

Vietnam's Deputy PM talks to CMC leaders at the company's innovation centre.
Danny Goh, a founder of Innovatube, addresses an event in Hanoi.
east ventures
Indonesia: East Ventures closes fifth fund, raises $27.5m

East Ventures, one of Indonesia’s most active venture capital firms, today announced that it has closed its fifth fund, and the vehicle’s partners – Willson Cuaca, Batara Eto, and Taiga Matsuyama – said they plan to use ‘deploy the capital to further their thematic investment thesis as the startup ecosystem… Read more »

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Vietnam mulls setting up a stock exchange for startups

The Vietnamese exchange might be based in Ho Chi Minh City, which endeavours to become the startup hub of the country and the “Silicon Valley of Southeast Asia”. The southern city currently operates a startup investment fund with the initial size of VND30 billion ($1.34 million), which will be boosted to VND100 billion next year.