CBA Ventures Signs Business Agreement with Vietnamese Accelerator Vietnam Silicon Valley

CBA Ventures announced on the 3rd that it signed a business agreement with VSV (Vietnam Silicon Valley), an accelerator established by the Ministry of Science and Technology of Vietnam, on the 25th of last month to discover excellent domestic startups and support their entry into the Vietnamese market.

The agreement includes nurturing and supporting domestic startups through local incubation and development programs and investments to enhance global capabilities and assist with settling in Vietnam.

Last year, CBA Ventures signed a startup incubation and support agreement with the Saigon Hi-Tech Park Incubation Center in Ho Chi Minh City and jointly hosted conferences focused on blockchain and smart cities, signaling its entry into the Vietnamese market.

Based on this agreement, CBA Ventures and VSV plan to launch joint programs this year, connecting their ongoing global expansion initiatives to create cooperation plans between Korean and Vietnamese startups, joint investment programs, and provide participating companies with early local adaptation and business opportunity discovery.

VSV, located in Hanoi, Vietnam, is an accelerator supporting various startups based on the 4th industrial revolution. Led by partner Song Seung-gu, who has experience in angel investment ecosystems in the U.S. and Korea, VSV is actively collaborating with Korea.

Seo Dong-wook, CEO of CBA Ventures, stated, “An accurate understanding of the Vietnamese market and local partners are key to initial settlement and survival. Our goal is to succeed in the Vietnamese market through joint programs with VSV, from selecting companies to market matching and investment.”