More and more Vietnamese start-ups are entering the international market to expand their scale and make the most of capital and business advantages from major financial centers.
Many start-ups choose to set up headquarters in Singapore for convenient capital mobilization - Photo: DNCC
Start-ups and their role in modern economic growth
In the era of global economy, start-ups are not just new businesses, but also the driving force of innovation and economic growth.
With their ability to adapt quickly, leverage technology and innovate, start-ups have created waves of change in many industries.
Many Vietnamese enterprises are interested in expanding their business internationally. From a national perspective, this trend contributes to strengthening cooperation and enhancing Vietnam's position in the international arena.
On the other hand, businesses can overcome trade barriers, expand their consumer markets, and increase their competitiveness in the global economy.
This is also a common trend of many start-ups around the world when deciding to move their headquarters or parent company to countries outside their home country to take advantage of favorable business environments and attract international capital.
Typically, Grab (Malaysia), Sea Group and Shein (China) are all headquartered in Singapore.
Not out of the trend, many Vietnamese start-ups also choose to set up headquarters in major financial centers such as Singapore or Hong Kong.
This is a decisive step by businesses to maximize financial resources, a transparent legal environment and access to international markets. A typical case of this direction in Vietnam is Dat Bike with the choice to register its headquarters in Singapore.
Great growth opportunity
Let's take a closer look at Dat Bike's case. Is setting up headquarters in the "Southeast Asian economic dragon" a move to "leave home", or does it actually bring many benefits to the homeland?
First, increasing competition in the electric vehicle market. Dat Bike's attraction of international investment not only helps improve product quality but also increases competitiveness with other major brands.
This directly benefits consumers, because when the market is highly competitive, car manufacturers will continuously upgrade products and reduce prices.
Most recently, thanks to strong financial support, Dat Bike has launched products such as Quantum S-Series with outstanding performance and reasonable price, comparable to gasoline vehicles.
Dat Bike launches powerful performance Quantum S-Series for Vietnamese after international investment - Photo: DNCC
According to experts, Quantum S-Series has approached the performance of two-wheeled gasoline vehicles on the market thanks to its ability to travel up to 285km per charge, a maximum speed of 100km/h and operating costs 10 times more economical than gasoline vehicles. Currently, the company is applying an installment payment program from only 1.1 million VND/month for customers.
Second, improve production capacity and domestic supply chain. Total investment capital of 25 million USD from large funds such as Jungle Ventures, PIDG allows investment in research and development (R&D) in Vietnam, improving domestic technology capacity to create high-quality output products with the most impressive performance/cost ratio in Southeast Asia.
Thanks to building a domestic core technology platform, from vehicle frame design to complex components such as control circuits, the company can optimize production costs, reduce product sales prices, and reduce Vietnam's dependence on imported technology.
Dat Bike's vertically integrated factory in Tan Binh Industrial Park, Ho Chi Minh City - Photo: DNCC
Vertical supply chain integration also promotes the development of domestic suppliers, creating added value for the Vietnamese economy and helping these units improve their competitiveness. In the long term, this form will open up long-term potential for the domestic supporting industry.
Third, increasing domestic employment opportunities. With plans to mass produce electric motorbikes and expand its store network across provinces and cities in the next two years, the company will not only create thousands of jobs in the manufacturing sector but also in supporting industries such as transportation, retail and after-sales services.
Foreign investment, when reinvested in domestic production, will stimulate labor demand and increase workers' income.
Information about the Dat Bike brand and the Quantum S-Series: https://dat.bike.
Source: https://tuoitre.vn/start-up-viet-buoc-ra-the-gioi-loi-ich-nao-cho-nen-kinh-te-20241122152831452.htm
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