HCM City seeks foreign capital for cash-hungry startupsHCMC is looking for funding from international organizations to support local startups in a bid to achieve the target of having 500,000 enterprises by 2020, an official said on July 27. The city will guide those firms into the information technology and e-commerce sectors, following the current global trend for startups. Apart from capital, international organizations can provide the city and its startup community with experience in how to deal with international investment disputes, Tuyen said. Capital flow between the U.S. and Vietnam is expected to rise after the TPP is ratified, possibly late this year. According to information provided at the meeting on July 27, U.S. investors are involved in 300 projects in HCMC.

Source: VietNamNet News July 28, 2016 17:48 UTC