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BUSINESS SPOTLIGHT

Caganu receives funding from VSV

Released at: 17:20, 09/09/2016 BUSINESS SPOTLIGHT

Caganu receives funding from VSV

General Director of Caganu Mr. Nguyen Quang Huy

E-commerce group wins financial backing from science and technology ministry's Vietnam Silicon Valley Fund.

by Duy Anh

The Caganu Group has recently received funding from the Vietnam Silicon Valley Fund (VSV) under the Ministry of Science and Technology (MoST).  

It is the only e-commerce enterprise to receive investment from VSV, which is a notable fund investing in effective technology enterprises.

The main target of the funding is to create an e-commerce ecosystem that focuses on innovation and creativity. It will also combine the superior commercialization of technology by synchronizing the business spirit and creativity of Vietnam’s young generation.

Caganu made a strong impression on VSV and was highly praised by its experts at the first meeting between the two. Thanks to its outstanding development, Caganu has nurtured an ambition to become the Number 1 e-commerce brand in Vietnam, growing even further through its business principles and aiming to become the “Amazon of Vietnam”.

With a desire to dominate the market and earn the trust of customers, Caganu has built up a reputation through product quality. Not only are products guaranteed to be sold at the best prices, its customer service is the most thorough possible, providing a perfect shopping experience for customers.

Mr. Huy was the guest at the program of Rediscovering New Investment Opportunities in Vietnam 2014-2015

 

VSV decided to invest in Caganu after recognizing its major development to date and the investment is certain to have a substantial effect on the strategic development of both parties.

The deal will bring Caganu’s retail position to a higher level while at the same time boosting its development and international prestige. It also represents a break-out opportunity for VSV in Vietnam’s 90 million-strong market.

Since many e-commerce enterprises are beset by rumors regarding false promises or low quality products, VSV aims to improve the overall reputation of Vietnam’s e-commerce industry as well as of Caganu. The two sides share the same long-term vision and together will carry out the mission of helping Vietnam’s e-commerce industry to develop.

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