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Hebronstar Newsletter Vol.18
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2017-01-02
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9,396
2016.12 vol. 18
[Vietnam] HCMC announces support for startups
 
The Ho Chi Minh City People’s Committee has announced the introduction of a financial support package for startup projects in the city that meet evaluation criteria.

Projects are eligible to receive a maximum of $91,000 over two years to provide them with a financial base on which to develop. Excellent projects in need of additional capital support will have their claims considered.
 
[Vietnam] Mekong Initiative for Startup Tourism launched
The Mekong Initiative for Startup Tourism (MIST) was launched in Ho Chi Minh City on November 18 to drive tourism sector growth in Vietnam, Cambodia, Laos, and Myanmar.

The official organizers of MIST are the Mekong Tourism Coordinating Office (MTCO) and the Mekong Business Initiative (MBI). MTCO receives funding from the governments of Cambodia,
[Vietnam] Local startups in good shape but improvements needed
Mr. Nguyen Hong Truong, Vice President of IDG Ventures Vietnam, shares his thoughts and provides some advice for the Vietnamese startups.

The government has mentioned the possibility of having a fundraising market for Vietnamese startups. Do you think the idea is feasible in the current circumstances?

Everyone knows that a public market for startups means raising public capital for companies with a high risk profile. The formation of such a market would depend on a number of important factors: (i) the development of the stock market and the readiness of the government to manage new stock boards; (ii) the quality of public investors, and (iii) the quality of the startups themselves.
[Vietnam]  Startup policies in need of overhaul
 
The legal framework on startups doesn’t bear too many shortcomings as the Law on Enterprises is relatively similar to American law. The shortcomings mostly come from administrative procedures and policies from ministries.

 
In particular, sub-licences for conditional business sectors and the definition of these sectors remain opaque in guiding documents. The taxation regime in also not really in line with non-traditional business models, which are common in startups.
[Indonesia] Dozens of Policy Packages on the Move as Govt Continues to Improve Investment
Jakarta. As the end of the year approaches, the government could look back happily at a host of policy reform packages in the past two years that have met some of its goals in improving investment climate by introducing simpler regulations, easier procedures and a series of fiscal incentives.
The government has so far revamped 202 regulations out of the promised 204 regulations in the policy reform packages. The government has also made some changes in 26 technical regulations.
“We’ve released 99 percent of the new regulations, but there are still issues with disseminating them in the field,” Chief Economic Minister Darmin Nasution said.
 
[Indonesia] Startup of Malikai Oil Field to Boost Malaysia’s Kimanis Exports
Singapore. Malaysia is expected to start oil production at the end of December at a deepwater field that could lift February export volumes of key grade Kimanis by 25 percent from January, two sources with knowledge of the matter said on Tuesday (13/12).
Operated by Royal Dutch Shell, the Malikai field off the East Malaysian state of Sabah could boost exports of Kimanis to 193,000 barrels per day in February, or nine 600,000-barrel cargoes, they said, meeting crude demand from Australia and India.
[Indonesia] Commentary: The Limits of Silicon Valley – how Indonesia’s Go-Jek Is Beating Uber
Viewed from the bubble of Silicon Valley, the world often looks like a single undifferentiated market.

There are plenty of examples that seem to support this notion. In addition to tech giants like Google and Facebook, the last decade or so has seen the emergence of new Silicon Valley based businesses. Companies like eBay, Netflix, Uber and Airbnb have leveraged digital technology to disrupt key industry sectors like advertising, retail, transportation, accommodation and media across the world.
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