Vemanti Group to lead Fvndit’s Digital Security Offering
Let’s take a step back and discuss on Fvndit’s key partnerships en route to the launch of our STO. As we may have mentioned before, the Fvndit team officially made a joint decision among its’ founders and board members to launch a Digital Securities Offering out of the USA.
Vemanti Group, an investment company with a keen focus on Fintech and blockchain applications has been tasked to take the reins of leading the Fvndit Digital Security Offering. Tan Tran (CEO) and Zwan R. Lee (Head of Corporate Development) have undertaken the integral task of bringing Fvndit to the global audience.
In the next coming weeks, we can expect to see Fvndit identifying key partnerships and team members to synthesize and consolidate on delivering an attractive investment opportunity to the masses.
Vietnam’s economy is performing well, propelled by the sustained global recovery and continued domestic reforms. Robust growth is boosting job creation and income growth, leading to broad-based welfare gains and poverty reduction. Vietnam’s gross domestic product (GDP) is estimated to have increased by 7.1 percent (y/y) in the first half of 2018. GDP growth was broad-based, led by strong manufacturing growth of 13 percent, bolstered by strong external demand. Agriculture output growth also accelerated to 3.9 percent largely due to strong performance in the export-oriented fishery subsector. Meanwhile, expansion of the service sector remained robust at 6.9 percent underpinned by strong underlying retail sector growth supported by buoyant private consumption and record tourist arrivals.
Approximately 40% of Vietnam’s GDP consists of SMEs. The country boasts a population of 96 million people. That is more than the combined state sizes of California, New York, Texas and Chicago. The average age of just 27 years and 70% of the population is under the age of 35. The target of this offering is to take the next strategic step of bridging overseas investors into the Vietnam economy.
Bi-weekly updates will be listed to keep our community engaged and we, Fvndit, will look forward to kickoff 2019 with a bang.
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