The Hanoitimes - With the completion of this divestment, all of the investments in Mekong Capital`s first three funds have been fully exited, making Mekong Capital one of the first private equity funds in Asia to have fully divested three funds. Mekong Enterprise Fund (MEF), a fund run by Vietnam-focused private equity firm Mekong Capital, has divested its final remaining investment in Minh Hoang garment manufacturing company, announced the former in a statement. Illustrative photo. This divestment follows the recent sale of the final investments in both Mekong Enterprise Fund II and Vietnam Azalea Fund. With the completion of this divestment, all of the investments in Mekong Capital's first three funds have been fully exited, making Mekong Capital one of the first private equity funds in Asia to have fully divested three funds. In total, Mekong Capital has completed 26 exits of private equity investments. All investments currently managed by Mekong Capital … [Read more...] about Mekong Capital completes final divestment in Minh Hoang garment
Forum spotlights startup support in Asia Pacific
At the forum (Photo: VNA) Hanoi (VNA) – The first forum on doing business in the Francophone community in the Asia Pacific began in Hanoi on September 20, discussing ways to assist startups in the region. The two-day event, co-organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the International Organisation of the Francophonie (OIF), is scheduled to run through various sessions on female startups, business development in a Francophone space, and supporting micro, small- and medium-sized enterprises, among others. In his opening speech, VCCI Vice President Hoang Quang Phong said that with the support of the OIF, the VCCI has carried out several activities to assist Vietnamese enterprises in trade and investment cooperation with Francophone firms in the Asia Pacific, particularly French-speaking African countries. He said the forum is an OIF initiative as part of the organisation’s programme on boosting employment via female and youth startups. The … [Read more...] about Forum spotlights startup support in Asia Pacific
Vietnam seeks stronger multifaceted cooperation with Poland
Vietnamese Deputy Prime Minister Truong Hoa Binh (L) and Polish Deputy Prime Minister and Minister of Science and Higher Education Jaroslaw Gowin (Photo: VNA) Warsaw (VNA) - Vietnam wants to develop traditional friendship and multifaceted cooperation with Poland, one of its prioritised partners in East-Central Europe, said Deputy Prime Minister Truong Hoa Binh. Binh has been on an official visit to Poland from September 20-22 at the invitation of Polish Deputy Prime Minister and Minister of Science and Higher Education Jaroslaw Gowin. Binh has held talks with Gowin and met with Marshal of the Senate Stanisław Karczewski and Chief of the Chancellery of the President Halina Szymanska. At these meetings, Binh affirmed that Vietnam always treasures the precious assistance and support that the Polish people extended to Vietnam during the cause of national liberation and construction, especially its help in training thousands of Vietnamese personnel. He congratulated Poland’s … [Read more...] about Vietnam seeks stronger multifaceted cooperation with Poland
Vietnam calls for peace contribution after UK, Japan launch operations in troubled waters
"Vietnam respects other countries' rights to freedom of navigation and overflight in the East Sea in accordance with international laws, particularly the 1982 United Nations Convention on the Law of the Sea (UNCLOS)," the ministry's spokesperson Le Thi Thu Hang said Thursday, using the Vietnamese name for the waterway. Hang said Vietnam has full legal basis and historical evidence to assert its sovereignty over the waters' Paracel (Hoang Sa) and Spratly (Truong Sa) Islands. She called for countries to contribute "practically and responsibly" to maintaining order, peace and the rule of law in the area. Hang was responding to the press questions regarding recent activities by the British and Japanese navies in the waters. The British Royal Navy's amphibious warship HMS Albion sailed close to the Paracel Islands on its way to Saigon Port in Ho Chi Minh City for a visit on September 3, as part of a freedome of navigation operation to challenge China's "excessive claims" in the South China … [Read more...] about Vietnam calls for peace contribution after UK, Japan launch operations in troubled waters
Da Nang gains stature as a must-go destination
The Singaporean pay TV channel has included the Vietnamese city in a list of five under the radar destinations in south and southeast Asian regions. It says that in Vietnam, the spotlight is mostly trained on the country’s two biggest metropolises - Hanoi and Ho Chi Minh City, but Da Nang, home to Asia’s most beautiful My Khe Beach and neighbor to Hoi An, the ancient town, has plenty to offer. Intrepid travelers can climb up the famous Marble Mountains, a group of five marble and limestone mountains, to discover “hidden caves, tunnels and Buddhist shrines galore,” it recommends. The central Vietnamese city has gained greater prominence since its Golden Bridge opened in June this year. Vietnam’s Golden Bridge among world’s top travel photos this year The visually stunning bridge has been featured in CNN’s best travel photographs of the year, the news channel notes. Once a sleepy fishing town, Da Nang is now a formidable tourism … [Read more...] about Da Nang gains stature as a must-go destination