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New York, April 29, 2022 (GLOBE NEWSWIRE) — PHI Group, Inc. (www.phiglobal.com, PHIL), a diversified holding firm at the moment engaged in PHILUX World Funds (a gaggle of Luxembourg financial institution funds), the Asia Diamond Alternate mission (“ADE”) in Vietnam, mergers and acquisitions and investing in particular conditions (www.co2-1-0.io), is happy to announce that the Firm signed a strategic settlement with Vietnam – Worldwide Entrepreneur Networking Membership (“VIENC”) on April 29, 2022 to help Vietnam-based enterprises to entry worldwide capital sources and different assets to develop and enhance company benefits for sustainable progress and enlargement in home and worldwide markets.
Talking at a ceremony with the participation of selective entrepreneurs, leaders of presidency authorities supporting commerce promotion in Ho Chi Minh Metropolis and representatives of assorted information businesses, Mr. Dinh Vinh Cuong, President of VIENC, acknowledged: “Covid-19 pandemic has severely affected hundreds of 1000’s of small and medium enterprises everywhere in the nation. Inside 2021, there have been greater than 100,000 home firms leaving the market as a consequence of severe difficulties. Because the beginning of 2022 until now, there are a variety of optimistic alerts for financial restoration. Nonetheless, Vietnam enterprises generally nonetheless haven’t completely escaped financial difficulties because of the rising value of oil, uncooked supplies and logistics. “Capital shortage” continues to be a burning situation for Vietnamese home enterprises. Given this case, with the mission of making a taking part in floor to attach Vietnamese entrepreneurs without and inaspect of Vietnam to help one andifferent to be able to push the post-pandemic financial restoration, VIENC has strived with nice efforts to seek out and join companions to help home companies to keep up the manufacturing stability and reinforce the event tempo for the long run as effectively. On this finisheavour, now we have studied and acknowledged the potential and health of PHI Group in helping Vietnam-based enterprises to attach with worldwide monetary markets. We’ve got determined to cooperate with PHI Group to help Vietnamese firms in the general public itemizing of their inventory in worldwide markets and rising the attention of their manufacturers”.
Resonating with Mr. Dinh Vinh Cuong, Henry D. Fahman, Chairman and CEO of PHI Group, Inc., concurred, “We extremely recognize the entrepreneurship and inventive dynamism of the President Dinh Vinh Cuong and different VIENC’s members. Inside a brief course of time, VIENC has related sure of its members working in a number of sectors in Vietnam and different nations to become main enterprises in a number of industries. VIENC is robust in contributing concepts on insurance policies, connecting many funding alternatives in infrastructure in a number of provinces and cities of Vietnam, being dynamic in supporting enterprises to unleash their potential, thus creating situations to grab the alternative and entry the mandatory assets for growth. We undoubtedly share the identical viewpoint and aims with VIENC and consider we will help dozens of VIENC’s member firms to go public within the U.S. Inventory Markets within the close to future.”
Within the spirit of long-term partnership and collaboration, the 2 events have signed the technique cooperation aiming on the following priorities:
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PHI will assist VIENC to arrange a Rising Development Fund as a sub-fund beneath the umbrella of Luxembourg-based PHILUX World Funds to boost capital for VIENC’s members.
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PHI will help VIENC by way of coaching packages and seminars to reinforce management and administration capabilities for VIENC’s members.
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PHI will help VIENC’s members in to record their inventory in sure worldwide inventory exchanges, significantly in the united statesand Europe.
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PHI will assist VIENC to take part within the constructing of the Asia Diamond Alternate in Vietnam.
The aforementioned strategic cooperation signing ceremony will open new alternatives for VIENC’s entrepreneurs particularly and the general neighborhood of Vietnamese entrepreneurs generally in the midst of post-pandemic financial restoration and progress.
About Vietnam – Worldwide Entrepreneurs Networking Membership
Vietnam – Worldwide Entrepreneurs Networking Membership (VIENC) (http://vienc.org) was established on February 2, 2022 per Resolution No.01/2022/QD-EDRI by Director of Vietnam – ASEAN Entrepreneurs Institute for Improvement Analysis. VIENC has the next missions: (i) Networking: to attach Enterprises and Entrepreneurs in Vietnam and different nations; (ii) Sharing: to share alternatives in enterprise/cooperation/funding; (iii) Upgrading: to enhance administration competency for enterprises and to reinforce the life-style of members; and (iv) Social Accountability: to contribute to the neighborhood by charity actions and help of poor folks and disabled youngsters.
About PHI Group, Inc.
PHI Group, Inc. (www.phiglobal.com) is a diversified holding firm with numerous subsidiaries, together with these engaged in advisory and monetary providers: (i) PHILUX Capital Advisors, Inc., a Wyoming firm specializing in mergers and acquisitions and worldwide capital markets, and (ii) PHILUX World Funds, a Luxembourg Reserved Different Funding Fund, with numerous sub-funds designed for funding in actual property, blockchain and crypto applied sciences, agriculture, healthcare, and power, and many others.
PHILUX World Funds has centered on working with Vietnam, to be affiliated with World Federation of Diamond Bourses (WFDB) and totally complying with the Kimberley Certification Course of (KPC) to arrange a contemporary diamond change in Vietnam, additionally the primary ever within the Asia hemisphere, together with processing facilities for uncooked, processed and lab-grown diamonds. Vietnam has all of the situations for quickly turning into a significant business hub within the Asian area, following the profitable mannequin of Dubai Multi-Commodities Centre (DMCC) which incorporates the Dubai Diamond Alternate and generates greater than US$75 billion in annual revenues.
Not too long ago, on April 1, 2022, PHILUX World Funds reported its succesful Licensed Commerce Mission journeys with main traders and prime finance business executies in Dubai and Abu Dhabi beneath the auspices of the U.S. Embassy in United Arab Emirates (UAE), the U.S. Division of Commerce Commerce Administration Worldwide and Trademissions.org (https://www.nasdaq.com/press-release/phi-group-successfully-concluded-the-certified-finance-trade-mission-to-the-united) and took part in connecting with key European traders in Zurich, Switzerland.
About PHI Group
PHI Group (www.phiglobal.com, PHIL) primarily focuses on advancing PHILUX World Funds, a gaggle of Luxembourg financial institution funds organized as “Reserved Different Funding Fund” (“RAIF”) (www.philux.eu), and constructing the Asia Diamond Alternate (“ADE”) in Vietnam. The Firm additionally engages in mergers and acquisitions and invests in choose industries and particular conditions (www.co2-1-0.io) that will considerably improve shareholder worth.
Secure Harbor Act and Ahead-looking Statements
This information launch accommodates “forward-looking statements” pursuant to the “safe-harbor” provisions of the Personal Securities Litigation Reform Act of 1995. “Ahead-looking statements” describe future expectations, plans, outcomes, or methods and are usually preceded by phrases similar to “might,” “future,” “plan” or “deliberate,” “will” or “ought to,” “anticipated,” “anticipates,” “draft,” “ultimately” or “projected,” that are topic to a mess of dangers and uncertainties that would trigger future circumstances, occasions, or outcomes to vary materially from these projected within the forward-looking statements because of numerous elements.
Contact:
PHI Group, Inc.
Telephone: +1 714 793 2977
E mail: data@phiglobal.com
Vietnam – Worldwide Entrepreneurs Networking Membership
(https://vienc.org/)
Mr. Khiem Tran, Standing Vice-President
Cellular phone: +84 91 333 55 33,
E mail: khiem.tran@vienc.org, khiemtd@gmail.com
Ms. Vo Thuy Anh, Head of Public Relations
Cellular phone: +84 94 515 04 98,
E mail: vthnt21@gmail.com
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