In recent years, there’s been a push for deeper and deeper tech to be developed and deployed by startups. As the joke goes: “All you need is AI and blockchain in your business plan to get funded.” Lately, it seems that entrepreneurs are getting caught up in deep tech—and forgetting about, or sidelining, deep value.
Here’s a question for you: what is the purpose of leadership? You’re probably thinking of something like this: the purpose of leadership is to clearly articulate what the mission is and then to help the organization work toward that stated mission. Or maybe you had a completely different answer in mind. Considering that leadership is what moves society and groups of people, it’s surprising that we don’t have a “go to” definition that we all agree upon.
Last month, I joined the Vested Summit in El Gouna, Egypt. Afterward, I headed to Cairo where I spent a week learning more about what was going on in Greater Cairo - a metropolitan area that more than 23 million people call home.
Ahead of this Sunday's election, Mexico's investment community reviews equity instruments and digests what an AMLO presidency could mean for future trade and economic growth
Tariffs, NAFTA renegotiations, politics and Mexico's certificados de proyectos de inversión (CerPIs), a type of equity-related security, were key talking points at Amexcap's Private Equity Day in New York earlier this month.
“No one is like the Egyptians,” my Egypt Air flight attendant told me upon arriving in Cairo, “no one.” Traffic in the Egyptian capital seemed to verify this statement as drivers aggressively competed for the faintest gaps in gridlocked traffic and deftly accelerated when an opening appeared, as if gunning for the first prize in the home stretch of a race.
Recently, I spent five weeks in México, the 15th largest economy in the world, where I took a closer look at elements of its $1 trillion dollar economy, its entrepreneurs, and encouraging signs for future opportunities in the natural gateway between North America and Latin America.
Vietnam’s advantageous place in the hyper global economy of the future isn’t assured—not by a long shot. But the country has a strong potential to make its mark in the world...
"However, what is also not known is whether these efforts and market conditions, will hinder the growth of Vietnam’s digital economy—or will they accelerate financial innovation in the private sector to bypass such obstacles? Only time will tell."
Although Vietnam’s prospects are bright, it will be up to its people, along with foreign and diaspora allies, to determine the actual trajectory of the country as it confronts a rapidly changing world.
Ultimately, digital invoices and payments increase transparency in the economy and in the state’s ability to collect taxes—as long as everyone follows the same set of rules. However, the rules have to be fair, clear, and equally applied to local and foreign entities in order to create a suitable space for FinTech to flourish in Vietnam.
Now that the year is firmly behind us and we are in ostensibly greener pastures, let’s take a look at some of the more recent developments that affected Vietnam’s entrepreneurial ecosystem – or will impact it this year.
Led by Nguyen Tran Bao Phuong, cofounder and CEO of Bitcoin Vietnam—fellow cofounders Dominik Weil, Phil Trinh, and Aleksander Winter—the six-person multinational team is spread across Europe and Asia. The 100 percent locally-owned company has pioneered the adoption of Bitcoin in Vietnam since early 2014—but not without overcoming some hurdles along the way.
In Vietnam, local event organizers have been busy this year with an assortment of new formats and recurring themes. Most of these events are an easy “one-stop shop” for newcomers to meet people and companies operating in Vietnam (and they are usually held in English).
What makes Vietnam special for startups and entrepreneurship – and will continue to be an advantage for Vietnam’s development – is the diversity and convergence of people, ideas, and sub-cultures across the three major cities: Hanoi, Ho Chi Minh City, and Danang.