A salary is not ownership
In 2022, at the Vietnam Venture Summit, forty one funds stood up and pledged one and a half billion dollars for Vietnamese startups. The pledge covered the three years from 2023 to 2025.
Through May of this year, Vietnamese founders raised twenty eight point eight million dollars. Ten rounds.
And next month, on the twenty first of September, FTSE Russell reclassifies Vietnam from a frontier market to a secondary emerging market. FTSE’s own estimate is that about six billion dollars of passive index money follows it in.
Six billion dollars, arriving on a scheduled date, into the stock…
The skinny
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