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FundGo Endeavors to Become Launchpad for Vietnam's Blockchain Unicorn Startups

23/06/2022

FundGo is the first startup & innovation fund licensed to operate in the Mekong Delta. The fund was formed with the aspiration of...

FundGo with the ambition to become a launch pad for Vietnam's blockchain technology unicorns photo 1
FundGo's mission is to be a financial launchpad and advisor from the earliest stages for businesses and startups.

Opportunities for blockchain development in Vietnam

Vietnam is considered by many experts to be a bright spot on the world blockchain map with more and more successful projects attracting many international investors. The government has also issued many documents to encourage research, development and application of this technology in many different fields. Previously, on May 16, the Vietnam Blockchain Technology Association (Vietnam Blockchain Association) was established under the Decision of the Ministry of Home Affairs, marking an important milestone in the development of science and technology and innovation of the country in the 4.0 era. Thus, the Vietnam Blockchain Association has become the only legal bridge between the Vietnamese blockchain community and state agencies and departments to build a legal framework for the industry and conduct research and widely apply blockchain technology in the country. The encouragement and support from the state for this new field has created many favorable conditions for FundGo to expand its investment portfolio.

FundGo with the ambition to become a launch pad for Vietnam's blockchain technology unicorns photo 2
Blockchain technology is gradually asserting its position in the process of national digital transformation.

FundGo will coordinate with management and technology units to organize programs to share knowledge and experience in blockchain applications, provide financial and human resource support for research, testing and implementation of activities in the field in accordance with Vietnamese law. At the same time, the Fund will promote training and development of high-quality labor resources for the digital economy, and attract foreign investment capital for promising domestic projects.

FundGo focuses on investing in blockchain, supporting businesses to participate in digital transformation

With the determination to promote the digital transformation process, FundGo especially prioritizes searching for and selecting projects applying blockchain technology. In particular, the 4.0 technology jewelry store HanaGold is the first project marking FundGo's participation in the gold, silver and gemstone sector. This is a pioneering project applying blockchain technology to this business sector in Vietnam, developed by HanaGold Jewelry Joint Stock Company. The technology gold store allows users to buy gold and accumulate it online from the smallest units such as zem, ly, phan and can be converted into real gold at the HanaGold store system nationwide when accumulating enough 1 tael of gold. With the innovative ideas that HanaGold brings and strong financial support and development strategy from FundGo, the Vietnamese jewelry industry will have remarkable developments in the near future.

FundGo with the ambition to become a launch pad for Vietnam's blockchain technology unicorns photo 3
HanaGold is a pioneer in applying blockchain to the jewelry industry in Vietnam.

FundGo's Senior Advisor, Mr. Le Pham, shared: “The blockchain industry in Vietnam is still facing many barriers due to a lack of specialized human resources, poor knowledge about the industry, weak infrastructure and lack of development focus, and many new policies that make it difficult for businesses to monitor and orient their implementation. We hope to create the first steps and continue to work with units to gradually popularize this technology into life, taking advantage of the outstanding features of blockchain such as transparency and security to build an open and highly adaptable socio-economic system to the movements of the world.”

With strong capital potential and a large network of partners along with a team of experienced experts in many different fields, FundGo has increasingly affirmed its reputation and role in the process of contributing to the development of the region in particular and the whole country in general.

PV

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