#fund

Mr. Douglas Abrams, Founder and CEO of Expara, introducing the fund on August 4. Photo: VnEconomy
$50mln startup fund announced
Singapore’s Expara Venture Fund announced the $50-million Expara Southeast Asia Ventures Fund on August 4, investing in tech startups in Southeast Asia, with 50 per cent going to Vietnamese startups.
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Nano Technologies Vietnam secures Series A funding
Nano Technologies Vietnam - a pioneer in providing a flexible salary payment model through the Vui App platform - raised $6.4 million on August 3 in a Series A funding round led by the Openspace investment fund. Vui App empowers employees to take control of their finances and choose their own payday.
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Nearly $7bln needed for inland waterway infrastructure
Deputy Prime Minister Le Van Thanh has signed a Decision approving the planning for inland waterway infrastructure in the 2021-2030 period and vision to 2050. The required investment totals VND157.53 trillion ($6.91 billion) in 2021-2030.
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Over $10bln needed for railway infrastructure
Funds of VND240 trillion ($10.54 billion) are needed to develop railway infrastructure over the next decade, and construction of the first two sections of the North-South high-speed railway will start in 2028, the Ministry of Transport has said. It will also prioritize investment in railways connecting Vietnam with China, to facilitate exports to Europe.