About 50 businessmen and more than 100 specialists of Vietnam andSingapore attended the “Connecting Business 2.0” event held by theAssociation of Vietnamese Professionals in Singapore (Vietnam2020)on July 27.
“Connecting Business 2.0 is aninitiative by the Vietnam2020 Enterprise Family to connect the leadingsmall and medium enterprises (SMEs) from Vietnam, especially in theInfocomm sector, with the investment and business community fromSingapore,” Vo Hoang Hai, Project Director of Connecting Business 2.0,told Vietnam News Agency’s Singapore-based reporter.
He added that Vietnam2020 Enterprise Family hopes to grow into aplatform for businesses in the two countries to explore partnershipopportunities and to facilitate the business connection and economicties between the two countries.
Opening theevent, Vietnamese Ambassador to Singapore Tran Hai Hau said thatalthough Singapore ranks among the top investors in Vietnam, only asmall percentage from private and venture capital funds are pouringmoney in this country. He said there is much room for growth inVietnam, a market with around 90 million people with more than 40percent being young, under 25. Therefore, Connecting Business 2.0 is agood initiative to connect Vietnamese businesses with private equity andventure investment funds from Singapore .
Gary Ng, Managing Director of CLSA Capital Partners (Singapore) PteLtd, told VNA’s reporter that Vietnam is a great market for long-terminvestment and that his company “can invest about 20 million USD inprojects in Vietnam, mostly in education, health care and consumer”.He revealed that attending Connecting Business 2.0 event, he hopes tofind good companies to invest in.
Besides CLSACapital Partners, Connecting Business 2.0 was joined by 10 Singaporeancompanies including the IP Intermediary – a non-profit public companyset up in 2011 as part of the Singapore Research, Innovation andEnterprise 2015 Plan to contribute to the Innovation and Enterpriseecosystem in Singapore.
The event also saw theparticipation of 15 other funds such as Singapore Venture Capital &Private Equity Association, Vertex Venture Management, CLSA CapitalPartners, General Atlantic, OWW Capital Partners, Intel Capital, TembusuPartners, Azione Capital & CIMA, and more than 20 Vietnamesebusinesses.
Nguyen Hoa Binh, Chairman and CEOof PeaceSoft Group from Vietnam, said that by attending ConnectingBusiness 2.0, he would like to find potential Singaporean companies andfunds for joint ventures to introduce PeaceSoft’s products forapplication beyond Vietnam, including Singapore.
During the one-day event, more than 20 one-to-one private meetingsbetween companies and their prospective partners and investors, onepanel discussion and four seminars were held on relevant topics,including opportunities and challenges of Vietnamese SMEs investmentmarket for Singaporean companies, guidance on how to invest in Vietnamand Singapore government’s schemes to support technology-based companiesand start-ups.-VNA
“Connecting Business 2.0 is aninitiative by the Vietnam2020 Enterprise Family to connect the leadingsmall and medium enterprises (SMEs) from Vietnam, especially in theInfocomm sector, with the investment and business community fromSingapore,” Vo Hoang Hai, Project Director of Connecting Business 2.0,told Vietnam News Agency’s Singapore-based reporter.
He added that Vietnam2020 Enterprise Family hopes to grow into aplatform for businesses in the two countries to explore partnershipopportunities and to facilitate the business connection and economicties between the two countries.
Opening theevent, Vietnamese Ambassador to Singapore Tran Hai Hau said thatalthough Singapore ranks among the top investors in Vietnam, only asmall percentage from private and venture capital funds are pouringmoney in this country. He said there is much room for growth inVietnam, a market with around 90 million people with more than 40percent being young, under 25. Therefore, Connecting Business 2.0 is agood initiative to connect Vietnamese businesses with private equity andventure investment funds from Singapore .
Gary Ng, Managing Director of CLSA Capital Partners (Singapore) PteLtd, told VNA’s reporter that Vietnam is a great market for long-terminvestment and that his company “can invest about 20 million USD inprojects in Vietnam, mostly in education, health care and consumer”.He revealed that attending Connecting Business 2.0 event, he hopes tofind good companies to invest in.
Besides CLSACapital Partners, Connecting Business 2.0 was joined by 10 Singaporeancompanies including the IP Intermediary – a non-profit public companyset up in 2011 as part of the Singapore Research, Innovation andEnterprise 2015 Plan to contribute to the Innovation and Enterpriseecosystem in Singapore.
The event also saw theparticipation of 15 other funds such as Singapore Venture Capital &Private Equity Association, Vertex Venture Management, CLSA CapitalPartners, General Atlantic, OWW Capital Partners, Intel Capital, TembusuPartners, Azione Capital & CIMA, and more than 20 Vietnamesebusinesses.
Nguyen Hoa Binh, Chairman and CEOof PeaceSoft Group from Vietnam, said that by attending ConnectingBusiness 2.0, he would like to find potential Singaporean companies andfunds for joint ventures to introduce PeaceSoft’s products forapplication beyond Vietnam, including Singapore.
During the one-day event, more than 20 one-to-one private meetingsbetween companies and their prospective partners and investors, onepanel discussion and four seminars were held on relevant topics,including opportunities and challenges of Vietnamese SMEs investmentmarket for Singaporean companies, guidance on how to invest in Vietnamand Singapore government’s schemes to support technology-based companiesand start-ups.-VNA
