The information was revealed at VIR's talk show on Innovative Funds for Blockchain Startups this morning.

VIR's talkshow delves into the potential of Vietnam's blockchain hub to lure funds

VIR talk show explores innovative funds for blockchain startups On July 8, VIR will hold the talk show Innovative Funds for Blockchain Startups, during which the guests will discuss the possibilities for Vietnamese blockchain entrepreneurs to maximise their investment success.

Blockchain has experienced considerable growth globally over the past few years and Vietnam has become an emerging market thanks to its achievements in digital transformation and the development of its digital economy.

The Vietnamese government has hugely supportive policies on digital development and digital transformation. The country is also entirely open-minded to new technologies such as blockchain, allowing startups in the country to develop rapidly.

Among the top 200 companies developed on the basis of blockchain technology, seven are founded by Vietnamese people. Vietnam is also one of the five leading countries in blockchain, and there are currently about 10 innovative Vietnamese startups in the field with a capitalisation of over $100 million.

Global Blockchain Congress 2022 will be held in Vietnam for the first time on July 11 and 12. The event is organised by Agora Group in collaboration with D.lion Media & Solutions, the Vietnam Blockchain Union, and V2B Labs under the sponsorship of the Vietnam Digital Communication Association.

The previous nine editions of the Global Blockchain Congress were held in Dubai, but the 10th will take place in Hanoi. The goal of the annual event is to be a platform to allow networking and the promotion of global growth in the blockchain industry in particular, and IT more generally.

Agora’s decision to choose Vietnam for this year’s conference creates a golden opportunity to connect Vietnamese and international businesses, paving the way to strengthen cooperation in the future.

The Global Blockchain Congress will converge on the most popular blockchain trends in 2022, including projects from DeFi and GameFi to NFTs and the Metaverse.

The event will have 10 panel discussions about the hottest topics in the blockchain world today such as MetaFi, Web3, and the future of NFTs. Moreover, the congress will see the participation of well-known speakers with years of experience in the blockchain field.

Speaking at a press conference after VIR's talk show on July 8, Hadi Malaeb, co-founder & CEO of Agora Group, explained why Agora decided to choose Vietnam as the next destination for the Global Blockchain Congress.

“Agora Group is highly impressed with Vietnam’s achievements in digital transformation and development and has a strong belief in the breakthrough strategies and visions of the Vietnamese government on digital transformation, which promote openness and encourage the development of new technologies. Recognising that Vietnam is a market with fertile land for blockchain to thrive in the near future, the launch of a series of quality projects by Vietnamese startups is also one of the key reasons why we consider Vietnam the most suitable location for the event.”

According to William Do, CEO of HOBBIT Investment, there has been a massive attraction from Vietnamese blockchain startups in recent years. “In Vietnam, newly born blockchain startups in GameFi have been warmly welcomed by the global market. When I introduced the FOTA project to a large number of investment funds in Dubai, it was made clear that having strong backing is a necessary key to maintaining the long life of a project, but the human factor also cannot be ignored."

"In the midst of an unpredictable market, the state of mind of a founder must be extremely stable and flexible to navigate through the ups and downs and make vital decisions. Moreover, the helping hand from strategic partners and project advisers also plays an essential role,” he added.

Meanwhile, according to Jennie Hoang Phuong, CEO of D.Lion Media & Solutions, it is important to first focus on training and perfecting the skills of startups.

“Lacking management thinking and basic knowledge in marketing and finance mean it is not easy to convince a knowledgable investor, no matter how great your projects are,” she said.