"The Ministry of Finance just made a significant approval: foreign investors will no longer need to pre-fund their accounts before purchasing Vietnam public equities. Previously, investors had to have the money in their bank account, taking on foreign exchange risk if they decided not to buy the securities. This requirement discouraged many from investing in Vietnam's stock market. Now, with the new approval, investors can proceed without pre-funding, which is a major shift, set to take effect in November this year." - Valerie Vu, Founding Partner of Ansible Ventures" - Valerie Vu
"Vietnam as a market has been profitable for either Grab or Gojek due to its fast-growing GDP per capita, but it’s still relatively low, which means pricing power is limited. With so much competition, everyone has been losing money in the Vietnam market. It became a matter of Grab versus Gojek, seeing who could stay longer. I spoke with a former Gojek executive, and they said that the company knew Vietnam wasn’t the best market for them. They felt there was more to focus on in Indonesia, where the market, with over 100 million people, offered more opportunities to build business lines. However, they wanted a regional story, like Grab’s, to attract U.S. investors. Vietnam seemed like a good fit for that narrative. Going into Vietnam was really to help with fundraising, but everyone knew it would be tough to get a return on investment." - Jeremy Au, Host of BRAVE Southeast Asia Tech Podcast" - Valerie Vu
"The Ministry of Finance has a lot of ambitions. Currently, the market capitalization of Vietnam’s stock market is below 100% of the country's GDP. They aim for it to reach 100% by next year, and by 2030, they want it to be at least 120%. Their goal is to grow the financial market, making it more transparent and, of course, more liquid. They are working to attract more foreign investors, not just in infrastructure projects but also in the stock market and public equities, to make Vietnam's financial market more mature." - Valerie Vu, Founding Partner of Ansible Ventures" - Valerie Vu
In this episode, Jeremy Au speaks with Jeremy Au on Vietnam: $3.3B super typhoon disaster, VNG police raid, and GoJek market exit with Valerie Vu.
Keywords: Vietnam, $3.3B Super Typhoon Disaster, VNG Police Raid, GoJek Market Exit, Valerie Vu, Vietnam, VC, Women, Thought Leadership
