The Viet Nam Digital Investor Club (VDI) was introduced this week in the framework of Techfest 2020.

The Viet Nam Digital Investor Club (VDI) is officially introduced to boost the establishment of the national start-up ecosystem. (Photo courtesy of VINASA)

This is the first club in Viet Nam specialising in investment activities for digital start-ups, attracting several large corporations and technological investment funds.

Initiated by Viet Nam Software and IT Services Association (VINASA), VDI aims to boost the establishment of the national start-up ecosystem. VDI’s core members include technological business people and investors operating in Viet Nam.

VINASA said there is still a “gap” in the current start-up movement as both funds and investors have paid much attention to financial support and economic capacity but not to capacity building and technology development consultancy.

VDI focuses on providing investment guiding and special consultation for technological start-ups so Viet Nam can have a growing number of strong digital enterprises, contributing to the national digital transformation process.

Nguyen Dinh Thang, VINASA’s vice chairman cum chairman of the club, said: “VDI wants to become an active organisation in both domestic and international innovative start-up ecosystems. VDI hopes to help young businesses take confident steps towards their sustainable development.”

In the initial period, the club’s members committed an investment of 6 million USD into start-ups.

Source: VNA