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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 International Funds (a bunch of Luxembourg financial institution funds), the Asia Diamond Trade venture (“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 development and growth 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 varied information businesses, Mr. Dinh Vinh Cuong, President of VIENC, said: “Covid-19 pandemic has severely affected hundreds of hundreds of small and medium enterprises all around the nation. Inside 2021, there have been greater than 100,000 home corporations leaving the market as a result of severe difficulties. For the reason that beginning of 2022 until now, there are a selection of constructive indicators for financial restoration. Nonetheless, Vietnam enterprises basically nonetheless haven’t totally escaped financial difficulties as a result of growing worth of oil, uncooked supplies and logistics. “Capital shortage” remains to be a burning difficulty for Vietnamese home enterprises. Given this example, with the mission of making a enjoying floor to attach Vietnamese entrepreneurs without and infacet of Vietnam to assist one andifferent so as to push the post-pandemic financial restoration, VIENC has strived with nice efforts to seek out and join companions to help home corporations to keep up the manufacturing stability and reinforce the event tempo for the longer term as nicely. On this finisheavour, we have now studied and acknowledged the potential and health of PHI Group in helping Vietnam-based enterprises to attach with worldwide monetary markets. We now have determined to cooperate with PHI Group to help Vietnamese corporations in the general public itemizing of their inventory in worldwide markets and growing the attention of their manufacturers”.
Resonating with Mr. Dinh Vinh Cuong, Henry D. Fahman, Chairman and CEO of PHI Group, Inc., concurred, “We extremely respect the entrepreneurship and inventive dynamism of the President Dinh Vinh Cuong and different VIENC’s members. Inside a brief course of time, VIENC has linked sure of its members working in a number of sectors in Vietnam and different nations to turn into 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 required assets for growth. We positively share the identical viewpoint and goals with VIENC and consider we will help dozens of VIENC’s member corporations 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 Progress Fund as a sub-fund beneath the umbrella of Luxembourg-based PHILUX International Funds to lift capital for VIENC’s members.
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PHI will assist VIENC through coaching applications and seminars to boost 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 Trade in Vietnam.
The aforementioned strategic cooperation signing ceremony will open new alternatives for VIENC’s entrepreneurs particularly and the general group of Vietnamese entrepreneurs basically in the midst of post-pandemic financial restoration and development.
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 Growth 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 boost the approach to life of members; and (iv) Social Accountability: to contribute to the group by charity actions and assist of poor individuals and disabled youngsters.
About PHI Group, Inc.
PHI Group, Inc. (www.phiglobal.com) is a diversified holding firm with various 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 International Funds, a Luxembourg Reserved Various Funding Fund, with varied sub-funds designed for funding in actual property, blockchain and crypto applied sciences, agriculture, healthcare, and power, and many others.
PHILUX International Funds has centered on working with Vietnam, to be affiliated with World Federation of Diamond Bourses (WFDB) and absolutely 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 Trade and generates greater than US$75 billion in annual revenues.
Lately, on April 1, 2022, PHILUX International Funds reported its succesful Licensed Commerce Mission journeys with main buyers and high 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 buyers in Zurich, Switzerland.
About PHI Group
PHI Group (www.phiglobal.com, PHIL) primarily focuses on advancing PHILUX International Funds, a bunch of Luxembourg financial institution funds organized as “Reserved Various Funding Fund” (“RAIF”) (www.philux.eu), and constructing the Asia Diamond Trade (“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 corresponding to “could,” “future,” “plan” or “deliberate,” “will” or “ought to,” “anticipated,” “anticipates,” “draft,” “ultimately” or “projected,” that are topic to a large number 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 varied elements.
Contact:
PHI Group, Inc.
Cellphone: +1 714 793 2977
E-mail: data@phiglobal.com
Vietnam – Worldwide Entrepreneurs Networking Membership
(https://vienc.org/)
Mr. Khiem Tran, Standing Vice-President
Mobile phone: +84 91 333 55 33,
E-mail: khiem.tran@vienc.org, khiemtd@gmail.com
Ms. Vo Thuy Anh, Head of Public Relations
Mobile phone: +84 94 515 04 98,
E-mail: vthnt21@gmail.com
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