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Foreign capital pushes Vietnamese startups to set up abroad, Vietnam risking tax, asset losses
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Foreign capital pushes Vietnamese startups to set up abroad, Vietnam risking tax, asset losses
An imbalance in capital sources, with foreign capital dominating Vietnam’s startup market, is pushing startups toward establishing holding companies overseas to more easily receive funding, said Bui Thanh Do, Founder and CEO of ThinkZone Ventures. As a result, Vietnam faces disadvantages of losing tax revenue losses and of intellectual assets from Vietnam-originated business, Do said at an event on consulting for the national venture capital fun…
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