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Investment Opportunities in Vietnam’s Economic Zones

The Edge Market: Vietnam is in the process of transitioning from an agricultural-based economy to becoming one of the most popular manufacturing and industrial countries in Asia. It currently has 356 industrial parks spanning 94,000ha, with more to be launched, said John Campbell, Savills Vietnam industrial service senior consultant.

“For a country of this size, it has a significant amount of industrial parks? he said during his presentation on ‘Industry and logistics: current opportunities and outlook for Vietnam’. He and other experts from ACSV Legal Vietnam, VSIP, KPMG Malaysia and Vietnam, and Public Bank Vietnam were among the speakers at a talk, entitled Promising investment spotlight — Why Vietnam now?  The event was co-organised by VSIP and Public Bank Vietnam. VSIP is one of the largest developers of integrated industrial parks and mixed-use areas in Vietnam.

Of the 356 industrial parks, 220 are operational and 73% occupied, which is “quite a healthy balance right now? said Campbell.

Vietnam is divided into three economic zones — North, South and Central, which is relatively new. “The north and south are the biggest? he added.

To read the full article, click here.

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Digital Banking Sees Prosperous Future in Vietnam

Fintech News: Like the rest of emerging countries in Asia, digital banking penetration in Vietnam is on the rise. According to a survey by IDG Vietnam, 81% of respondents said they used in 2017 compared to 21% in 2015.

Digital banking solutions are appreciated for their convenience and time savings and while the growth is real and strong there is still plenty of opportunities. A survey by McKinsey found that approximately 60% of customer in Vietnam would consider opening an account with a branchless digital-only bank.

Most of the banks in Vietnam are already providing Internet banking and digital payments services. Banks including Vietinbank, Vietcombank, BIDV, Agribank, Techcombank, and OCB are all allowing customers to make payments using QR code on their respective mobile banking app.

To read the full article, click here.

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Adopt a Unicorn Indonesia Eyes Plan to Help Startups Expand Across Southeast Asia

The Jakarta Post: Indonesia wants Southeast Asian nations to cooperate in helping startups in the region worth at least $1 billion expand outside their home countries, the communication minister said on Friday. 

The effort aims to keep foreign startups from dominating a market of 640 million people by assisting the region’s estimated seven to ten unicorns, or companies that have attained a valuation of $1 billion without tapping the stock markets.

“I’ve discussed this strategy with other ministers in Southeast Asia and have offered to everyone to adopt existing unicorns and have a presence in each other’s countries,” Minister of Communication Rudiantara said in an interview.

“I’m really passionate about the issue and have discussed it at our last Association of Southeast Asian Nations ministers’ meeting,” he said at his office, adding that he would discuss the matter again at the next meeting of ASEAN ministers in Bali.

To read the full article, click here.

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Southeast Asia The New Hotbed for Investments

Digital News Asia: What makes Southeast Asia a hotbed for investments? All the six nations that make up the region have a relatively young population, a growing middle class, high smartphone penetration and good disposable income.

These factors combined are some of the key attractions for private equity and venture capitalists who are flocking to the region as mature markets in the West get exhausted and are running out of ideas.

This was among the findings in a panel discussion organised by Malaysian Venture Capital Association (MVCA) during their Southeast Asia Venture Capital and Private Equity Conference 2018. The six-person panel was moderated by Global Entrepreneurship Movement (GEM) executive director Low Ngai Yuen.

Monk’s Hill Venture partner Ridzwan Nordin makes the case that countries like Singapore have become a destination for funding and fundraising.

This is due to the fact that the funding system is robust with a spectrum of investors across stages and verticals. It also helps that most funds and financial services sectors have a headquarters in Singapore.

To read the full article, click here.

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More Than Half of Consumers in APAC Prioritise Security Over Convenience in App Experience

The Edge Singapore: More than half (53%) of consumers will prioritise security features over the functionality and convenience of an app, according to a study commissioned by F5 Networks in partnership with YouGov.

The study, titled The Curve of Convenience – the trade-off between security and convenience surveyed more than 3,700 respondents across Australia, China, Hong Kong, India, Indonesia, Philippines and Singapore.

It also showed that consumers in the region are unforgiving when it comes to security, with about three in five respondents choosing to stop using an app altogether if their data security is compromised.

To read the full article, click here.