First co-working space for all startup activities opens

The Vuon – Luxury Garden Office, a co-working space belonging to the Vietnam Agency Group (VAG), opened on June 29 in Hanoi.

All startup activities are fully catered for at the co-working space, said Mr. Ha Anh Tuan, CEO of VAG, making it the first in the country to do so.

“When presenting projects, startups can meet investors at Vuon,” he explained. “Not only startups working at Vuon can access our support. Any startup seeking investment can forward documents to us and we will help them find investors.”

The co-working space also helps investors manage finance when investing in startups.

The space will also host meetings of VAG, which comprises 108 agencies in marketing and communications in the north of Vietnam. “About 50 VAG events will be held each year at Vuon, providing opportunities for startups to develop their projects,” he said.

Besides areas for startups, Vuon also has public rooms and private rooms for freelancers and foreigners, which can seat up to 150 people.

The co-working space received VND120 billion ($5.2 million) in investment and is located at the D2 Giang Vo building, Giang Vo ward, Ba Dinh district, Hanoi, on 1,300 sq m.

“Vuon” not only means growth, with an expectation that startups will develop strongly, but also means garden, as it is a green space in the city, where people will feel comfortable and fresh innovations can be nurtured, Mr. Tuan said.

VAG is a cooperative effort between local marketing and communications agents and aims to allow them to be strong enough to compete with international branding companies.

[Source: Vietnam Economic Times 29th June 2017]