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Startups in Vietnam could choose to merge into conglomerates, says Web3X founder
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Startups in Vietnam could choose to merge into conglomerates, says Web3X founder
The optimal development path for startups in Vietnam at the moment is to join conglomerates, such as via merger & acquisition (M&A) deals, instead of striving for initial public offering (IPO), said Erik Duong, founder of Web3 X, an investment fund and incubator specializing in Web3 and Blockchain startups. Erik told TNGlobal that Vietnam’s current economic strategy is building “national champions,” similar to South Korea’s chaebol model. Those …
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