Vienc and Phi Group Inc. have created a strategic alliance to bring Vietnamese companies to the global market

DNHN - Vietnam's International Business Connection Club (VIENC) and PHI GROUP INC have agreed to collaborate on a plan to “raise money to assist Vietnamese businesses in increasing production capacity and achieving sustainable growth.” You must not only keep the local market alive, but you must also try to get into the foreign market as well.

The event was held on April 29, 2022, in Ho Chi Minh City, to provide more new business opportunities for entrepreneurs in the Vienc Club in particular, and the Vietnamese Entrepreneurs community in general. After the COVID-19 epidemic, there was a period of economic recovery and expansion.

The signing of a strategic collaboration agreement between Vienc and PHI Group aims to “find money to support Vietnamese firms in improving their production capacity, toward sustainable development not only in the domestic market but also beyond the domestic market.”

Representatives from Ho Chi Minh City's functional agencies that help with trade and trade promotion, as well as businesses from a wide range of fields, were there when the agreement was signed. 

It was signed in the spirit of long-term partnership and cooperation, and the two sides agreed to focus on the following goals:

VIENC members can start a growing growth fund that will be a subsidiary of the PHILUX Global Fund, which is based in Luxembourg. This fund will help raise money for VIENC.

A group called PHI will help VIENC with training programs and seminars that will help VIENC members improve their leadership and management skills.

With the help of PHI and VIENC members can list their shares on certain international stock exchanges, mostly in the United States and Europe, with the help of PHI.

PHI will help VIENC join the Asian Diamond Exchange in Vietnam.

During the post-pandemic recovery and economic growth, VIENC entrepreneurs and the Vietnamese business community as a whole will have a lot of new opportunities.

Vienc Club President Dinh Vinh Cuong said that the COVID-19 virus has had a big impact on many small businesses across the country. There were many problems for businesses in the country in 2021, and more than 100,000 of them had to leave the market because of them. From the start of 2022 until now, there have been many signs that the domestic economy is getting better. However, businesses haven't been able to get out of trouble because of the sharp rise in gas prices and the cost of raw materials and transportation.

Vienc Club has tried to find and connect partners who can help domestic businesses keep their production stable and grow quickly in the future. On this trip, we have looked into and found out that PHI Group can help many Vietnamese businesses connect to the world's financial markets. We decided to work with the PHI Group because we wanted to help bring many Vietnamese brands to the international market.

Henry D. Fahman, Chairman of the Board and CEO of PHI GROUP INC., said: “We are very impressed with Chairman Dinh Vinh Cuong and his members' entrepreneurial spirit and extreme dynamism.” It's Vienc. In a short time, VIENC has helped a lot of members, who run businesses in many different fields in Vietnam and other countries, grow and become future leaders in their fields. Vienc is good at coming up with ideas for policies, connecting many investment opportunities in infrastructure in provinces and cities of Vietnam, and is dynamic in supporting businesses to reach their full potential, making it easier for them to take advantage of opportunities and get the resources they need to grow. The above factors are very much in line with our views and goals.

PL-CG