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Dream Incubator targets Vietnam
A Japanese company which focuses on assisting startup firms has set up a US$500 million fund to invest in Vietnamese export and import enterprises.
Dream Incubator launched its Dream Incubator Asia Industrial Fund in Vietnam on July 9 after more than a year of preparation.
Dream Incubator Chairman Koichi Hori told Tuoi Tre the fund would focus on the Vietnamese market during its first phase of operation before branching out into other Asian countries.
The fund expected to recoup its investment in Vietnamese companies within 10 years, he said.
Dream Incubator Asia Industrial Fund will help the companies develop long term business strategies, improve their manufacturing and processing technologies and enter the Japanese market.
Hori said in Vietnam the fund will target export and import companies, especially those in textile and garment and seafood sectors, rather than in the fields of real estate, finance and information technology.
The fund will also be able to assist Vietnamese businesses form partnerships with Japanese retailers, traders and financial firms in order to export goods to Japan, Hori said.
Japanese enterprises will also be able to help Vietnamese companies upgrade their technology and improve customer networks.
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