Schneider Electric, via its Schneider Electric Energy Access Asia (SEEAA) fund, has participated in a US$1.5 million funding round for Vietnamese innovative start-up in sand battery energy storage.
There are about 3,800 start-ups in Việt Nam at present, including 11 valued at over US$100 million and three at more than $1 billion each, according to the National Agency for Technology Entrepreneurship and Commercialisation Development.
The Ministry of Industry and Trade and other relevant agencies are focusing on helping businesses access credit on favourable terms to help them exploit new-generation free trade agreements such as the UKVFTA and EVFTA.
Credit growth must be managed reasonably and effectively to achieve the set target, while the credit quality must be improved and the flow directed into production, business and prioritised sectors which would drive economic growth.
Fortinet, the global cybersecurity leader driving the convergence of networking and security, has unveiled the importance of single vendor Secure Access Service Edge (SASE) to secure remote workers amidst the surge of unmanaged devices and increased security incidents.
The US business community plays an important role in promoting economic partnership between Viet Nam and the US, Deputy Prime Minister Pham Binh Minh has said.
Viet Nam''s access-to-electricity index in 2019 has improved, reaching the highest level so far with 82.2 points, according to the World Bank’s Doing Business report.
A conference meant to link up banks with companies in the Mekong Delta was held in Can Tho City on August as part of efforts to ease the difficulties small and medium-sized enterprises in the region have in accessing credit.
More administrative reform is needed in the banking industry to make it easier for businesses and individuals to get credit, experts told a conference in HCM City on May 16.
Governor of the State Bank of Viet Nam Le Minh Hung issued a document early this week to ask co-operation from local authorities in expanding credit, part of efforts to prevent loan sharking.