Crowfunding in Vietnam
Happy Friday everyone! Today let's talk briefly about crowfunding and its application in Vietnam thanks to an article from Vietnamnews. There are four main types of crowdfunding:
Equity-based crowdfunding, which means investors take a stake in a new business; Reward-based crowdfunding, which allows investors to receive services or goods in return for their investment; Lending-based crowdfunding, which sees investors repaid their funds over a set amount of time; and
Donation-based crowdfunding, where contributions are going towards a charitable cause which is often highly individualised (like a sick person needing treatment) or newly emerged (like a natural disaster). The fact that Vietnamese business culture is more dependent on personal relationships makes investing in someone they don’t know quite a leap.
Read more at https://lnkd.in/diQedJi