TheVentures Vietnam - 더벤처스 베트남

07/08/2023

🌐 We’re very glad to be one of the investors of a remarkable startup like TUBUDD. We sincerely appreciate the opportunity to be a part of your journey to make a meaningful influence on the travel community.

TUBUDD is a concierge platform connecting international visitors to local experts in Vietnam. In 2018, TUBUDD first secured $40,000 in pre-seed funding from VSV Capital (Vietnam Silicon Valley). Then, in 2022, when Vietnam reopened after Covid-19, TUBUDD successfully raised capital and received a round of seed investment of $200,000 from TheVentures. This year, the company is said to be preparing for its first Series A funding round.

With a vision to help travellers have the most authentic and tailor-made experience, discover cultures from the Local point of view, TUBUDD expects to expand and develop steadily to make Vietnam tourism more attractive and convenient.

This year, TUBUDD focuses on Vietnam with three main types of Local Buddies which are Local Point of View Buddy, Business Assistant and Health Buddy and two other services: Private transportation and Visa services. TUBUDD also added B2B offerings, helping Vietnamese businesses welcome their international partners. Korea is one of the main target markets of TUBUDD, as the company aims to recruit more Korean-speaking Local Buddies, being the connection between Korean travellers, businessmen, and Vietnamese locals.

Recently, TheVentures and TUBUDD joined Kakao Mobility Meeting with innovative startups in the field of mobility and tourism in Vietnam, strengthening the relationship between startup ecosystems in Vietnam and Korea.

Tubudd website: https://www.tubudd.com/

Investment inquiries: [email protected]

Meet our founder: https://www.linkedin.com/in/anniepossible/

LinkedIn strengthens and extends your existing network of trusted contacts. LinkedIn is a networking tool that helps you discover inside connections to recommended job candidates, industry experts and business partners.

26/06/2023

🤝 New partnership between our portfolio companies from Korea and Vietnam

nurihaus, which operates the Seoul-based global influencer community 'Nuri Lounge', announced on the 26th that it has signed a business agreement with Ecomobi PTE, an influencer marketing company in Southeast Asia, for the local expansion of K-beauty brands.

Through this cooperation, the two sides will support local marketing for Korean brands that want to enter the Southeast Asian cross-border market, and sales operations for linking Korean companies and Ecomobi services.

Nurihaus, which started as a lifestyle-based commerce service in 2020, has pivoted to a cross-border marketing service based on Nuri Lounge.

Nuri Lounge draws favorable responses from global creators and brand companies residing in Korea through online and offline campaigns in which creators can directly participate, and has currently secured more than 2,000 creators.

Recently, through a project conducted by gathering creators from a specific region, the potential of a marketing solution targeting a specific region was confirmed. An agreement with Ecomobi was promoted to strengthen entry into Southeast Asia, including Vietnam.

In the case of Ecomobi, it has partnered with Southeast Asia's leading e-commerce platforms, such as Shopee and Lazada, and conducted more than 10,000 brand campaigns. For brands that want to enter the Southeast Asian market, we provide solutions necessary for initial market entry and sales expansion.

Baek Aram, CEO of Nuri House, said, "The service area of Nuri House, which was created with the intention of helping Korean brands advance overseas, will be further expanded through this collaboration."

Congratulations on the new partnership forged between our esteemed companies. Onwards and upwards!

13/06/2023

🦄 Unicorns in Vietnam: Why would there be more appearing?

Unicorns, referring to privately held startups with valuations of $1B or more, have emerged at a rapid pace worldwide in recent years, and Vietnam is no exception.

Vietnam's startup ecosystem has experienced significant growth and attracted considerable attention from investors and entrepreneurs over the past decade. The country has seen a surge in the number of startups across various industries, including technology, e-commerce, and fintech.

Some of Vietnam's unicorns emerged as early as 2014, with the company VNG Corporation(Technology and Gaming giant) being recognized as one of the first unicorns in the country. Since then, other startups including VNPAY(Fintech), MoMo (M_Service)(Vietnam's leading e-wallet), and Sky Mavis(NFT Games and the Metaverse) have joined the unicorn club, showcasing the rapid development of the startup ecosystem in Vietnam.

It's important to note that the speed at which unicorns appear can vary and is influenced by factors such as market conditions, investor interest, government support, and the overall growth of the startup ecosystem.

🔻 Vietnam's economic growth in recent years has made it an attractive market for startups due to its expanding middle class, rising disposable incomes, and young population.

🔻 The country's tech-savvy population and large talent pool in technology, engineering, and software development provide a strong foundation for startups to build skilled teams.

🔻 The Vietnamese government has supported entrepreneurship and innovation through initiatives like the National Innovation Center and Startup Vietnam Fund, as well as regulatory reforms and policy incentives.

🔻 Vietnam's strategic location offers a gateway to Southeast Asian markets and benefits from regional integration efforts like the ASEAN Economic Community.

🔻 Investment and funding opportunities have increased, with venture capital firms, angel investors, and international organizations providing capital, mentorship, and networking opportunities.

🔻 Vietnam is also experiencing rapid digital transformation across sectors like e-commerce, fintech, logistics, and healthcare, offering opportunities for startups to innovate and disrupt traditional industries.

🔻 The country has made substantial investments in infrastructure, including transportation networks, telecommunications, and internet connectivity, creating a conducive environment for startups to thrive and access markets efficiently.

🔻 Foreign Direct Investment (FDI) inflows have also contributed to the growth prospects of Vietnamese startups, with collaboration opportunities with multinational corporations and access to global supply chains.

💡 The startup culture in Vietnam is spreading like wildfire. With sufficient factors paramount to development and growth, it is bound to become a thriving place for prospective unicorns.

09/06/2023

💡 FDI inflows in Vietnam 2023: Challenges are yet to come

🆙 Attractive investment destination

🔹 FDI inflows into Vietnam have increased significantly over the past three decades, reaching record highs in 2022

🔹 Vietnam is one of the fastest-growing economies in the region and is one of the most open economies in Asia

🔹 Hanoi is the most attractive destination for foreign investors in terms of total capital

🆘 Challenges ahead

🔹 The uncertainty of the global economy in 2023 caused a slow recovery, with food and energy prices due to the Russia-Ukraine war

🔹 Negotiations on trade agreements and intellectual property protection could have significant impacts on global trade and investment flows

🔹 Nearshoring is a pandemic-originating trend of investors looking for investment opportunities closer to home to shorten supply chains

🔹 The global minimum tax scheme is a proposal to establish a minimum tax rate for multinational corporations worldwide to prevent them from engaging in aggressive tax planning strategies

🔹 Representatives from 131 countries agreed on a framework for a minimum tax rate of at least 15%

🔹 Attracting FDI through cheap labour is not the solution to quality FDI, but rather other aspects

🆒 Changes required for Vietnam

🔹 Streamline administrative procedures and reduce corruption:
Vietnam needs to ensure transparency and accountability in its investment policies and practices by establishing clear and consistent rules and regulations and enforcing them fairly

🔹 Improve infrastructure:
Transportation, telecommunications, and energy, is a critical factor in attracting foreign investors

🔹 Strengthen human resources development:
The government can invest in education and training programs that can provide the necessary skills and knowledge to the workforce

🔹 FDI smart criteria:
Vietnam needs to change the mindset that FDI is all good. The Vietnam economy, including the production of foreign manufacturers in our country, needs to become greener

➡ FDI inflows continue to play a significant role in Vietnam’s economic development in 2023. The government needs to continue its efforts to enhance the investment environment to attract more foreign investors to the country

🔹 Source:
https://lnkd.in/eMwUuUrG

07/06/2023

✈ Moving to Vietnam as a Venture Capitalist

🔹 Investing in early-stage companies is all about finding winners early on

🔹 Vietnam is experiencing a sudden global influx of foreign capital

🔹 Tech giants like Google and Apple are taking their manufacturing away from China to Vietnam

Sign #1 - Unicorn Breakthrough

🔹 Vietnam has four unicorns (privately held companies valued at more than $1 billion): VNG Corporation, VMK, Sky Mavis, and Momo

🔹The "Bannister effect" is happening with each unicorn inspiring confidence and collective knowledge of how to build and exit global companies

Sign #2 - Direct Flights

🔹 Despite 80.2% of Vietnamese people being on Facebook, there were zero direct commercial flights between Vietnam and the United States until recently

🔹 Now there are four direct flights between the two countries which will lead to increased economic activity

Sign #3 - Crypto Hotspot

🔹 Vietnam is a crypto hotspot for the second consecutive year in a row

🔹 The country has a high level of interest in cryptocurrency and blockchain technology

Sign #4 - Vibrant Tech Scene

🔹 Vietnam has a population of nearly 100 million people with a median age of 32.5 years old

🔹 The government is investing heavily in training its people to become tech-savvy

🔹 Vietnamese people are ready to adopt the fastest and best tech in the world

Sign #5 - Moving to Vietnam

🔹 The cost of living in Vietnam is more affordable than other countries like Mexico or Brazil

🔹 A good strategy for financial independence or startup founders is to locate yourself in Vietnam but make money in another market with higher purchasing power

🔹 Living standards and convenience are hard to beat in Vietnam

Sign #6 - FIRE(Financial Independence Retire Early) Movement

🔹 According to the Big Mac index, Vietnam is much more affordable than other countries

🔹 Locating yourself in Vietnam but making money in another market with higher purchasing power is key to achieving financial independence

🔹 Source:
https://lnkd.in/g8aJirAY

I did it! I recently moved from the Bay Area to Ho Chi Minh City, Vietnam! In this video, I unveil why it's 'Vietnam's Golden Age for Venture' from my unique...

02/06/2023

We are committed to unlocking Vietnam's economic potential through our investments, forging strong partnerships and contributing to the nation's remarkable progress.

Vietnam is one of the most active overseas markets for Korean companies. Korean conglomerates such as Samsung, LG, and Lotte have already invested heavily in the country, and the growing preference…

21/04/2023

💵 Who are the top investors in Vietnam?

🔹 As of March 20, 2023, Vietnam had 36,881 valid projects with a total registered capital of nearly $444.1B, with FDI projects accounting for nearly $278.3B

🔹 Foreign investors have invested in 19 out of 21 sectors in the national economic sub-sector system, with the processing and manufacturing industry accounting for the largest proportion at over $264.2B

🔹 Among the 143 economies that invested in Vietnam, Korea is the top investor in Vietnam with over $81.5B, followed by Singapore, Japan, Taiwan, and Hong Kong

🔹 The Netherlands is the top European investor with an accumulated total investment capital of about $13.89B

🔹 China’s accumulated total investment capital in Vietnam had reached $23.85 billion USD from a total of 3,651 projects. In recent years, China’s capital flow has shifted to significant changes in the investment sector

➡ China’s capital flow:

Past - Hotels, restaurants, and small-scale consumer goods production

Present - JVs, contributed capital in cash or technology and machinery in Vietnamese enterprises across all fields, including textiles, footwear, fiber, thermal power, and mining

🔹 Source:
https://lnkd.in/gmkhHqrd

To date, 143 economies have invested in Vietnam

29/03/2023

🚀 The Rising Economy of Vietnam | Asia's Next Powerhouse?

🔹 Vietnam's rapid economic growth over the past decade has positioned the country as a rising economic powerhouse in Southeast Asia

🔹 Vietnam's GDP growth, export-oriented manufacturing, and foreign direct investment have been booming

🔹 The country's per capita GDP has surpassed that of neighboring countries

🔹 Rising exports and foreign investments

🔹 Transition from an agriculture-based economy to an industry and service-based economy

🔹 Samsung has a huge influence on the country's electronics industry and its overall economy

🔹 Political stability is one of the biggest factors to attract numerous foreign investors

🔹 Source:
https://lnkd.in/daDhY2uw

Vietnam's economic success is one of the biggest stories of the 21st century.Narrated by Tom McKayVideo Edited by IyanbriandiTimestamp(s):0:00 The Vietnam Ec...

24/03/2023

💡 Unicorn acquisitions

🔹 177 (30%) out of 595 exited US unicorns were acquired. Who bought them? Over the years, the most active unicorn buyers have been large public companies, but the universe of acquirers is quite diverse. Overall, 118 companies acquired at least one unicorn

🔹 Importantly, a lot of these acquirers were themselves VC-backed companies at some point. 66 acquirers (56%) received VC funding when they were private companies

🔹 Only three companies bought four or more unicorns. Meta bought 5 unicorns: Kustomer, WhatsApp, Instagram, CTRL-Labs, Reality Labs. Alphabet Inc. bought 4: YouTube, Actifio, Nest Labs, Looker Data Sciences. Cisco also bought 4: Cerent, Duo Security, AppDynamics, Jasper

🔹 Six companies bought three unicorns each. Amazon, AT&T, Bristol-Myers Squibb, Johnson & Johnson, Nortel Networks, Merck

🔹 27 companies acquired 2 or more unicorns (in total, more than 37% of all Unicorn acquisitions), 24 of them are public, 2 are PE funds, and 2 are private companies

🔹 110 unicorn acquisitions were completed by a single buyer

Credit to Ilya Strebulaev with huge thanks for the intensive research

🔹 Source:
https://lnkd.in/eU262Bq5

28/02/2023

📃 Global Private Equity Report 2023

Huge thanks to Bain & Company for sharing the report!

🔹 Source:
https://lnkd.in/gnsSRVpC

Bain’s annual Global Private Equity Report examines how macroeconomic uncertainty has put an end to the extraordinary surge in dealmaking over the past several years, and what to expect from the challenging year ahead. Sign up below to receive private equity insights delivered to your inb...

27/02/2023

📊 Fintech continues to attract VCs in 2023

🔹 In Vietnam, fintech is still hot, despite the incomplete legal framework for this sector

🔹 Although VC inflows into the market decreased by 18% compared to 2021, financial services companies still emerged as potential business models such as asset management, insurance, instant payroll platform, etc

🔹 Financial services still attracted $162M, up 2.6 times from the previous year's $61M

🔹 At the beginning of 2022, MoMo e-wallet officially reached a unicorn valuation of over $2B, after announcing the completion of Series E

🔹 Although VC inflows slowed down in 2022, capital flows will focus more on the health and financial sectors for the next decade

🔹 Southeast Asia will see many emerging unicorns in the fintech field

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🔹 By the end of 2021, Vietnam has 154 fintech companies, of which 70% are startups

🔹 The rapid growth of subscriber usage rate in Vietnam accounts for up to 115%

🔹 Robocas Group's forecast: Vietnam's fintech market can reach $18B by 2024

➡ Vietnam is a fintech bright spot

🔹Source:
https://lnkd.in/gkwUXJut

Tính ưu việt trong giải quyết các vấn đề tài chính từ các xu hướng Fintech (công nghệ tài chính) tiếp tục được nhà đầu tư đặt nhiều kỳ vọng trong năm 2023.

20/02/2023

🚀 In 2050: The scale of Vietnam's digital economy can reach 50 billion USD

🔹 E-conomy SEA report in 2022 by Google, Temasek, and Bain Company: The scale of Vietnam's digital economy could hit $50B by 2050, of which, e-commerce will be the most important contributor

🔹 The size of the retail e-commerce market in Vietnam grew by 28%, reaching $23B in 2022

🔹 If optimized, emissions from e-commerce activities will significantly be reduced by 30-40% compared to normal commercial activities, contributing to sustainability

🔹 Moreover, Vietnam’s digital economy is set for CAGR of 8.9% between 2022 and 2026, which is the fastest in 51 countries surveyed in the FT-Omdia Digital Economies Index

🔹 The growth will be encouraged by the country’s young population, supportive government policies and an influx of foreign money and investors

🔹 Vietnamese digital transformation plan is to reach full smartphone pe*******on by the end of 2023

➡ Opportunities for public services and banking infrastructure

🔹 Vietnam’s demography is another “fundamental driver” of growth in its digital economy. 70% of its population of more than 98 million people are under the age of 35 and literacy rates for people aged 15-24 reached 99% in 2019

➡ Making Vietnam a prime market for mobile devices

🔹 ️Source:
https://lnkd.in/ezDPEyK6
https://lnkd.in/gEUawHJB