Legal framework for start-up fund raising needs improvement

by VTV420 April 2016 Last updated at 08:02 AM

VTV.vn - While start-up funding for new business ventures via crowd-sourcing is something of a norm in other countries, Vietnam is lagging behind the popular concept due to an inadequate legal framework.

Nguyen Khanh Duong is the founder of Comicola, Vietnam’s most successful crowd-funding platforms. Dương was able to raise 800 million VND for his self-produced comic after establishing a crowd-funding platform. The money was then used to publish his graphic novel series The Holy Dragon Imperator. Like all kick-starter crowd-sourced systems, contributors receive benefits based on the amount of mone

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-12-28 17:24 UTC