CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Silicon Valley billionaires seek investment opportunities in Vietnam
Hai Yen 17:03, 2018/11/15
The US investors want to know more about Vietnam’s policies and regulations with regard to new technologies and business models, especially the Cyber Security Law and investment procedures for digital currencies projects.
A group of Silicon Valley billionaires, including founding partners at US$2.7-billion venture capital fund 8VC Joe Lonsdale and the Winklevoss twins, among others, is in Vietnam to seek investment opportunities, Tuoi Tre online newspaper reported. 
 
Silicon Valley billionaires including Cameron Winklevoss and Tyler Winklevoss are in Vietnam to seek investment opportunities. Source: Internet.
Silicon Valley billionaires including Cameron Winklevoss and Tyler Winklevoss are in Vietnam to seek investment opportunities. Source: Internet.
The trip is part of the group’s plan to look at Vietnam’s policies and regulations with regard to new technologies and business models, especially the Cyber Security Law and investment procedures for digital currencies projects. 

Other high profile investors of the group include Jack Abraham, founder and managing partner of Atomic, a company that builds start-ups, and Elad Gil, a serial entrepreneur, operating executive, and investors advisor to private companies including Airbnb, Coinbase, Gusto, Instacart, OpenDoor, Pinterest, Square, Stripe and Wish. 

At present, 8VC has been investing in Vietnam and implementing projects which bring high skilled engineers from Ho Chi Minh City to the US, and from Silicon Valley to Vietnam, said Joe at a meeting with Le Thanh Liem, vice chairman of Ho Chi Minh City People’s Committee on November 14. 

According to Joe, 8VC has set up a center in Canada which connects 1,000 engineers in with start-ups in the US. The model could be suitable in Vietnam, stated Joe. 

At the meeting, the Ho Chi Minh City’s leader said the city has approved a project developing a creative urban area similar to the Silicon Valley model, adding that the city gives priority to start-ups development and building smart city. 
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.