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*It has been translated using AI
Since 2016, the World Knowledge Forum has been awarding the ‘ASEAN Entrepreneur Award’ by selecting outstanding businessmen in the ASEAN region in collaboration with the ASEAN-Korea Center (AKC). This is to strengthen the network between Korea and ASEAN entrepreneurs by introducing representative entrepreneurs in the region to domestic investors and the Korean public. So far, 23 people have received the award.
The honor of this year’s 11th award goes to Don Ram Vina Capital Co-founder and CEO, and Jose Ma Concepcion III, chairman of the ASEAN-BAC and chairman of RFM Corporation. He represents capital and entrepreneurship in ASEAN, which has a population of 680 million and a gross domestic product (GDP) of $3.9 trillion, respectively.
CEO Lam is an investment and finance expert who has been active in Vietnam for more than 30 years. Before establishing Vina Capital, he led the corporate finance and management consulting division in Indochina as a PwC Vietnam partner. Launched in 2003 as a single fund worth $10 million, Vina Capital has grown into a leading Southeast Asian management company with $4 billion in managed assets (AUM), including private equity and listed stocks, venture capital, energy, and real estate.
His visit to Korea coincides with a tipping point in the Vietnamese capital market. FTSE Russell, a global index calculation agency, confirmed that Vietnam will be promoted from a frontier market to a secondary emerging market from the 21st of this month. This is the result of continuing to improve the system by removing the requirement for advance deposits for foreign investors after being listed as an observation target country in 2018.
As much as his investment performance, he has worked hard on the Vina Capital Foundation, which he established in 2006. The foundation’s purpose is to provide growth opportunities for Vietnamese children and young people through health and education programs.
Concepcion is called the ‘Godfather of Entrepreneurship’ in the Philippines. Through the non-profit organization ‘Go Negosyo’ established in 2005, it has provided support for small and medium-sized enterprises (MSMEs) by opening up mentorship, market, and fund access.
He also served as presidential adviser for entrepreneurship in the Arroyo and Duterte governments, and serves as a job committee for the private sector advisory committee in the Marcos Jr. government. In its main job, it leads RFM Corporation, one of the largest food and beverage companies in the Philippines with Selecta ice cream, Sunkist and Whiting.
The two winners will discuss ‘Innovation, Inclusion, and Sustainability’ at the awards ceremony. It points to trends that will lead ASEAN’s future, such as innovation, digital transformation, inclusion, and sustainability, along with ways to strengthen economic cooperation between the Philippines, Vietnam, and Korea. The session will be held at the Shilla Hotel Guest House Ruby on the 9th.
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