[ August 3, 2023 by Nguyen Phan 0 Comments ]

SAVVI NEWSLETTER (AUGUST 2023)

august_2023

SAVVI HIGHLIGHTS

Founder Spotlight:  Dai Hoang, Founder of Thien Kien

Special Promotion: Very Good Viet Goods (VG2)

Network News:  LogiGear, Southern Star Creatives Foundation, MeridianLink, InPhi

Funding:  Touchstone Partners, TNB Aura, VinFast

Vietnam Tech and Startup Environment:  V Startup Collaborations, FDI, Megaprojects, and More

Vietnam Film and Music Industry News: Singer Successes, International Cooperation in the Film Industry, Industry Growth, and More

DID YOU KNOW?

Out of all SEA countries, Vietnam creates the most jobs per dollar invested of FDI Vietnam is likely to be in the top 20 of the Global Peace Index by 2050 In 5 years, Vietnam’s economy will account for over 1% of the world’s GDP

FOUNDER SPOTLIGHT

Dai Hoang, Founder of Thien Kien

Dai Hoang began his career as a digital artist working at game companies before shifting his career to work at an event agency and eventually finding work in the film and TVC industry, which he has been doing since 2014. During this time period, he worked in the art departments of many producers for some of Vietnam’s most well known movies, including Saigon Bodyguard (TNA production), My Mister Wife (Chanh Phuong production), Tao Quay (The NewYolk production), and Maika (BHD production).

He’s also contributed to 2 short films: The Sound of Silence (directed by Luu Nguyet Đan Thanh) and Trading-card Season (directed by Huynh Anh Duy). Extending beyond the Vietnam market, he also worked on 2 international movies: Da 5 Bloods (Netflix) and Taxi Driver 2 (Netflix). For his work on TVCs, he contributed to large multinational brands such as Toyota, Honda, Dutch Lady (Disney), Bandai, Momo, Lifebuoy, PNJ, SATO, Vinamilk, Vietlott, Maggi, Massan, C2, OPPO, Clear, Lazada, Larue Beer, Tiger Beer, Dienmayxanh, Nutrifood and many more until 2022.

In 2021/2022, he shifted his life focus to pursue his long-standing desire to share Vietnamese culture, by first cooperating with Thua Thien Hue Institute for Development Studies to organize a cultural event called Vietnam Summer Fair 2022. In July of 2022, he decided to open Thien Kien company with the passionate goal of becoming a cultural agency, introducing Vietnamese culture and heritage to both locals and the rest of the world. In 2023, Thien Kien sponsored the TECx conference organized by SAVVi Code, during which it provided the highest quality organic Vietnamese foods for attendees and provided hand crafted gifts made by ethnic minorities in the north of the country to the event’s speakers.

Today, Dai hopes that he can play a significant role in boosting Vietnam’s culture to the world through Thien Kien, his magnum opus. In many ways, it is the accumulation of everything he has done up to this point and the realization of his greatest dream. With this company, in cooperation with agricultural and cultural partners all over the country as well as SAVVi, he believes that Thien Kien can become the largest cultural agency in Vietnam.

You are invited to the Zoom Interview with Dai Hoang. When: Aug 31, 2023 08:00 AM Eastern Time (US and Canada)

Topic: Founder Spotlight: Dai Hoang, From Digital Games to Cultural Agency

Please click the link below to join the webinar: https://us06web.zoom.us/j/84028693472?pwd=V28vN3lsVzd5eDNDdFFiMVBTMEtOQT09

Passcode: 380805

SPECIAL PROMOTION

Very Good Viet Goods

VERY GOOD VIET GOODS (VG2) is a unique program that introduces the highest quality Vietnamese products, from agriculture to technology, to SAVVi’s members. The participants of the program undergo a rigorous filtering process to determine the quality of their products as well as quality of their business practices.

The program is designed to provide SAVVi corporate members exclusive benefits for their employees to build up company morale and increase retention and productivity. The program exposes participants’ products to SAVVi’s international members, helping introduce their products or services to global markets.

Our first program participant is THIEN KIEN, a cultural agency specializing in Vietnamese fruit and cultural events. Thien Kien offers “seasonal fruits” naturally grown to ensure quality. Their unique blend of fruit and storytelling infuses Vietnamese culture into any event. Most importantly, any event that Thien Kien caters will highlight the distinctive characteristics of the host company and within a customized and suitable budget.

For this Tet Trung Thu (Mid-Autumn Festival), we invite your business to enjoy Thien Kien’s unique offering in bringing cultural stories and experiences, including Traditional Giftsets and a customized Vietnamese Teabreak Parties. Exclusively for SAVVi members, Thien Kien will offer the unique opportunity to “BUY GIFTSETS GET TEABREAK”. The presentation highlights Vietnam’s agricultural abundance and is environmentally conscious with banana leaves, bamboo packaging, among other natural elements.

Please contact us at contact@savvicode.com should you have any questions

SAVVI NETWORK NEWS

UPDATES

LogiGear
Representatives of LogiGear and a few other notable organizations recently noted that FPT Aptech graduates have a solid foundation of knowledge, skills, confidence and high integration ability. According to Mr. Vuong Bao Long – Vice President of LogiGear, in the next 10 years with the development of information technology, knowledge, soft skills, and foreign languages will be factors to help students succeed more readily. Therefore, the fact that FPT Aptech focuses on investing in these things in the teaching process will help students easily adapt to the job. LogiGear receives many students from FPT Aptech. Most of these students have good background knowledge and quickly adapt to the corporate environment, incentivising LogiGear to continue hiring them in large numbers. Mr. Vuong Bao Long attended the graduation ceremony of FPT Aptech in 2022 and gave a speech to the graduates; some of whom now work for LogiGear as fulltime employees.

Southern Star Creatives Foundation

Southern Star Creatives Foundation, a SAVVi-affiliate, US-based nonprofit organization, has begun fundraising for 2023. By the end of the year, the foundation hopes to raise enough money to fund 3 short films directed by Vietnamese filmmakers which will be showcased at international film festivals all over the world. Southern Star is dedicated to four core goals: Funding the work of Vietnamese creatives, preserving Vietnamese culture, spreading Vietnamese creative content around the world, and connecting the stakeholders in the creative arts. They accomplish this by accepting submissions from applicants who have an idea for a creative project they would like to make. The most promising get their projects funded, whether it be a short film, documentary, web series, music video, or any other creative media. From the inception of the idea to the production to the marketing and distribution, the foundation is there to help. All funded projects will be showcased at the TECx 2024 conference. Donors get recognition in the credits of each funded projects as well as being able to deduct contributions from their taxes. For more details on the organization, visit https://www.southernstarcreatives.org/

InPhi

Silicon Photonics Modules Market, a recently launched report by MarketsandResearch.biz that includes information regarding the market share, industry’s growth prospects, and scope, highlighted InPhi as one of the key players in the global Silicon Photonics Modules market. The report comes up with the research objectives, detailed overview, importexport status, market segmentation, and market size evaluation. The report observes numerous in-depth, influential, and inducing factors that outline the market and industry. All of the findings, data, and information included in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Silicon Photonics Modules market. The report provides a clear snapshot of the market value of the market. The research provides detailed information about the development occurring in the market. An in-depth study of modern technologies used in product development in the global Silicon Photonics Modules market has been given in this report. Important topics covered in this report are product overview, the industry overview, regional market overview, market segment analysis, limitations, market dynamics, industry news, opportunities. The market segmentation is done to provide an easy perspective of the global Silicon Photonics Modules market so that it will be easy to understand the market. The product type and application type market segmentation provides information about the various categories of products along with their application in the market. Also, this study comes up with the analysis of competition landscape, industry chain, future, and historical data by types, regions, and applications. This report forecasts demands, Trends, and revenue growth at regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2023 to 2029.

MeridianLink

MeridianLink, a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced the appointment of Ed McDermott to its board of directors and to serve as the Company’s new board chair. Mr. McDermott is the managing partner of Spring Tide Partners, an investment firm that makes concentrated, longterm investments in public and private companies. Prior to founding Spring Tide Partners in 2015, he was a co-managing partner of SPO Partners & Co., an investment partnership he originally joined in 1995. Mr. McDermott holds a B.A. from Williams College and an M.B.A. from the Stanford Graduate School of Business. “We welcome the wealth of expertise and industry knowledge that Ed brings to the chair of the board role, and we value his experience partnering with innovative companies through impressive growth milestones,” said MeridianLink CEO Nicolaas Vlok. “The last several years have been monumental as we’ve accelerated our organic growth profile while successfully completing multiple acquisitions and our initial public offering. I want to thank our former board chair, Paul Zuber, for his guidance and partnership. As we look to the future, I am thrilled to have Ed’s leadership as we continue to scale and grow.” “It’s been an honor to serve as board chair of MeridianLink during the past five years of tremendous growth,” said Mr. Zuber. “The Company is well-positioned to continue its trajectory of success, and I am excited to see its future unfold.” “MeridianLink is a pioneering company that has helped shape the digital lending space for the last 25 years,” said Mr. McDermott. “I am excited to work with the management team and board as we build on this strong foundation and realize the Company’s next chapter of growth.”

FUNDING

Touchstone Partners
Vietnamese venture capital firm Touchstone Partners is seeking to raise its second fund to continue betting on Vietnam’s growing technology ecosystem. This is according to a filing with the US Securities and Exchange Commission. According to Tu Ngo, the firm’s general partner, Touchstone Partners has had preliminary discussions with a wide range of potential investors who like what they have been doing and their approach. To date, Touchstone has invested in 23 startups across early-stage fintech, health care, edtech, and blockchain.

TNB Aura
Singapore-based venture capital firm TNB Aura is in talks to raise capital for its third fund. They say they are looking to double down on their investments in Vietnam. In the next 18 months, they intend to invest into 5-7 companies in the country. In the past 3 years, they have already invested in 8 companies in Vietnam. TNB Aura has also established a Scout initiative to tap into earlystage opportunities within the country.

VinFast
Shares in Vietnamese electric vehicle maker VinFast surged on their Nasdaq debut on Tuesday amid limited trading. The debut came after the company closed its merger with a special purpose acquisition company (SPAC) in Asia’s biggest M&A deal this year. The stock opened at $22, more than double the last close for VinFast’s SPAC partner Black Spade Acquisition. The deal had valued VinFast at $23 billion. At one point on Tuesday morning, the stock traded as high as $24, which would have valued the EV start-up, which has not posted a profit, at $55 billion, more than Ford’s market capitalization at $48 billion.

VIETNAM TECH AND
STARTUP ENVIRONMENT

“Dat Bike – a renowned electric bike startup in Vietnam – announced a partnership with Baemin, an online food delivery app, to deploy electric motorcycles for delivery. Accordingly, the green delivery service with Dat Bike’s electric motorcycles on the Baemin app has been launched in Ho Chi Minh City starting today.”

“Vietnam’s Deputy Minister of Information and Communications Phan Tam and Deputy Minister of Science and ICT Park Yun-kyu of the Republic of Korea (RoK) held an online meeting on August 4 to discuss measures to promote cooperation in information technology between the two countries.”

“Sunrise Material of Singapore signed an agreement with a Vietnamese company this week to develop a polymer wrap film production project worth US$100 million in the northern province of Nam Dinh. The deal was signed Friday with the Dai Phong Infrastructure Development JSC. The project will cover 4 ha at the My Thuan Industrial Park. Its construction will be carried out in five years, starting in 2024. The factory is expected to manufacture the first products after 15 months, according to an executive of Sunrise Material.”

“The Đại Phong infrastructure construction company of Việt Nam and JiaWei Corporation from Taiwan (China) signed a project development agreement at a ceremony in the northern province of Nam Định on Monday. Accordingly, JiaWei plans to invest in Đại Phong’s Mỹ Thuận Industrial Park located in Nam Định. Covering an area of 85,764 square metres, the JiaWei Vietnam plant project is set to design and manufacture products from environmentally friendly materials. The construction of related workshops and offices will begin this September, toward an official operation by the end of 2024. The facility is expected to provide jobs for approximately 1,000 workers in its initial phase.”

“Green and Smart Mobility (GSM) has officially launched its e-motorcycle hailing service Green SM Bike in Hanoi. This sets the company in direct competition with major regional players such as Grab and Gojek. Thanh Nguyen, the CEO of GSM and deputy CEO at VinFast and Vingroup, said in a LinkedIn post that the company plans to expand to Ho Chi Minh City and other markets in Vietnam. The launch of Green SM Bike follows the rollout of GSM’s e-taxi hailing service in April this year. GSM aims to take its taxi-hailing service to 27 provinces and three countries. As for Green SM Bike, the firm looks to expand the service to five Vietnamese localities and have a total of 60,000 electric two-wheelers on the road by the end of this year.”

“According to the Vietnam Electricity Group (EVN), as of August 11, nearly 93% of the transitional renewable power projects have sent their documents to the Electricity Power Trading Company (EPTC) under EVN for pricing talks and power purchase agreements. However, there are six projects, totaling 285 MW, which have yet to provide their paperwork. Among these projects, 67 have proposed initial prices set at 50% of the price ceiling established by the Ministry of Industry and Trade. The proposed prices range from VND754 to VND908, exclusive of value-added tax. EVN has engaged in price negotiations and signed power purchase agreements with 59 projects, of which 58 tentative prices have gained approval from the Ministry of Industry and Trade.”

VIETNAM FILM AND
MUSIC INDUSTRY NEWS

“Singer Chi Pu had the sixth highest score at the end of the final episode of the Chinese reality show “Sisters Who Make Waves” on Friday. She also won two sub-categories in the show, including the “Fan Favorite” award for her “Shut Up and Dance” song, which she performed with Ella and former contestant Meng Jia in a previous season of the show, and the “Overcoming Challenges” award.”

“In Vietnam, film festivals not only create opportunities for filmmakers to promote and bring their works to the audience, but are also expected to be effective levers of the film industry and supporting services worth millions of dollars. Therefore, in recent years, along with efforts to make a mark on Vietnamese cinema at international film festivals, professional associations and many provinces and cities have embarked on organizing international film festivals associated with famous destinations in the country.”

“Actress and director Hong Anh will return to the ASEAN International Films Festival & Awards this year as a judge, six years after winning the festival’s Best Film category. Anh, 46, will be the only Vietnamese member of the festival’s board of jury. This marks another milestone in the female artist’s profile, as she set the record of winning eight out of nine nominations she received in the 2017 festival, including the Best Film award for her debut movie as a director, “Dao Cua Dan Ngu Cu” (The Way Station).”

“Promoting cooperation within Asia is one of key factors for Vietnam’s film industry to develop and gain success, according to Park Ki-Yong, chairman of the Korean Film Council (KOFIC). Park said Việt Nam should seek support from Asian countries in sharing infrastructure and human resources, and improving storytelling. He also emphasised to strengthen bilateral cooperation in the film industry between Việt Nam and South Korea. He gave the example of Nhà Bà Nữ (The House of No Man), a successful cooperation between Vietnamese filmmakers and Korean distributor CJ HK Entertainment, who successfully distributed the movie in Việt Nam and foreign markets.”

“Vietnamese American singer Ha Phuong and her friend – actor Tran Sang have launched an MV entitled “Ben Do Chieu Mua”.

“Ben Do Chieu Mua” is a song composed and written by Tran Quang Hien – Ha Phuong’s father – based on the beautiful but tearful campus love story of his brother-inlaw that took place 40 years ago when he was a college student. In the music video, Tran Sang played the poor but handsome student, who loves music and falls for a girl who works at the school’s cafeteria, played by Ha Phuong.”

“Vietnamese pop star Hoang Thuy Linh song See Tinh (See Love) is proving hugely popular and been covered by many Asian celebrities. The hit has been viewed 43 million times on YouTube and millions of other times on a variety of music platforms and social networks. The song is also trending across many Asian countries like Japan, the Republic of Korea, Malaysia and Thailand. The video featuring Jolin Tsai, the most successful singer in Taiwan, dancing along to See Love with friends in early May was shared widely on social media and forums. Japanese singer Shayne Orok covered the song on YouTube and got more than a million views.”

STRATEGIC ALLIANCE VIETNAMESE VENTURES INTERNATIONAL

VENTURE CAPITAL ORGANIZATIONS IN VIETNAM

Antler
Website: antler.co
Contact: https://www.linkedin.com/in/jonssonej/
Pre-seed to Seed
Every sector

Ascend Vietnam Ventures
Website: https://ascendvietnam.com/
Contact: contact@ascendvietnam.com
Every sector
Pre-product market fit

Cocoon Capital
Website:cocooncap.com
Contact:will@cocooncap.com
Seed Round, Series A, Series A
AI, Enterprise Application, Fintech, Insurtech, SaaS, Machine Learning

Do Ventures
Website: https://doventures.vc/en
Contact: https://doventures.vc/en/contact
Early stage
Every sector

East Bridge Partners
Website: https://www.eastbridge.asia/
Contact: info@eastbridgelp.com
Mid-cap investment
Every sector

Gaw Capital Partners
Website:http://gawcapital.com
Contact:info@gawcapital.com
Real estate sector

Golden Gate Ventures
Website: goldengate.vc
Contact: hello@goldengate.vc
Early stage, series A, B
Tooling, consumer apps, SaaS, logistics, e-commerce

IT-Farm
Website: https://www.it-farm.com/
Contact: https://www.linkedin.com/company/it-farm-ltd/about/
Seed to series A
IT

Jungle Ventures
Website: https://www.jungle.vc/
Contact: contact@jungle.vc
Pre-seed, seed, series A
Technology startups

Monk’s Hill Ventures
Website: monkshill.com
Contact: ir@monkshill.com
Series A
Technology startups

Patamar Capital
Website: https://patamar.com
Contact: https://www.linkedin.com/in/geoff-woolley-b0665/
Technology startups

Quest Ventures
Website: https://www.questventures.com/
Contact: info@questventures.com
Seed to Series A
Multi

SoftBank Ventures Asia
Website: softbank.co.kr
Contact: b_plan@softbank.co.kr
Enterprise Software, Mobile

ThinkZone Ventures
Website: thinkzone.vn
Contact: contact@thinkzone.vn
Seed, pre-series A
Fintech, Edtech, Logistics, Ecommerce, Nanotech, Lifestyle, Service

Trihill Capital
Website: https://www.trihillcapital.com/
Contact: INFO@TRIHILLCAPITAL.COM
Early to growth-stage
Solution-oriented companies and transformative founders across sectors and stages.

Vietnam Investments Group
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

VinaCapital Ventures
Website: https://ventures.vinacapital.com/
Contact: investment.vc@vinacapital.com
Multi

Wavemaker Partners
Website: https://wavemaker.vc/
Contact: pitchsea@wavemaker.vc 
Seed Round
Tech

Full List Coming Soon To https://www.savvicode.com/

FILM AND MUSIC ORGANIZATIONS IN VIETNAM

Southern Star Creatives Foundation (SSCF)
Website: https://www.southernstarcreatives.org/
Contact: christianallyn2000@gmail.com 
Type: Nonprofit, film funding, documentary funding, music funding, etc

POPS
Website: https://popsww.com/en/
Contact: https://popsww.com/en/about/#contact-us
Type: Streaming, network, studio.

Bamboo Artists Agency
Website: https://bambooartists.agency/
Contact: +84 79 789 1168
Type: Talent agency.

Xine House
Website: https://www.facebook.com/xinehouse
Contact: we@xinehouse.com
Type: Community, industry education.

Sunwolf Animation Studio
Website: https://www.sunwolfstudio.com/
Contact: leodinh@sunwolfstudio.com
Type: Animation studio

Autumn Meeting
Website: https://www.facebook.com/autumnmeeting
Type: Cinema event.

Full List Coming Soon To https://www.savvicode.com/

AboutNguyen Phan