Halal Angels Network is among the first to to support the Vietnamese government in Startups in Halal consumer market, by offering Islamic finance to aspiring entrepreneurs. It has teamed up Vietnam Halal Centre to host the
Halal & Ethical Investment Summit post COVID-19 pandemic in Vietnam. This would be part of series of Halal & Ethical Investment Summits to be held at global locations to promote Halal & Ethical Investment & startups.
Vietnam’s emergence as a startup hub received a boost at the recent Vietnam Ventures Summit 2020, where investors signaled their intent to invest US$815 million in startups. The agreement covers 33 foreign and domestic investment funds including CyberAgent Capital, 500 Startups, AlphaJWC, Monk’s Hill Ventures, and Access Ventures. Last year, investment commitments totaled US$415 million. The US$400 million increase in investments in 2020 reflects a belief that Vietnam could rival Indonesia as Southeast Asia’s growth market for tech investments