Permanent Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem hosted a reception in the city on November 14 for Joe Lonsdale, a founding partner of San Francisco-based venture capital fund 8VC.
|At the reception (Source: http://voh.com.vn/)
Liem said the visit affirms 8VC’s commitments to supporting startups and innovation in Ho Chi Minh City and hoped that 8VC would share its experience with the city in the field. VNA
In the near future, Ho Chi Minh City will be developing an innovative urban area and building a smart urban area, he said.
The host invited representatives from 8VC to attend the Ho Chi Minh City Economic Forum slated for late November and offer ideas on smart urban development.
Lonsdale, for his part, shared some information on a Canadian startup ecological model which, he said, is particularly applicable to Ho Chi Minh City. He affirmed that 8VC wants to be a long-term partner of Vietnam and Ho Chi Minh City.
He said 8VC has launched several projects in Ho Chi Minh City and connected with Vietnamese firms. He expressed his wishes to learn about business opportunities in Vietnam in the field of artificial intelligence.
While in Vietnam, the delegation will meet leaders of ministries, agencies, and around 200 Vietnamese firms to discuss issues of concern in startups and innovation.
As a successful startup from the US, 8VC operates in software development, fintech, insurance, logistics, healthcare, and bio-technology.