Alumnus Doan Van Tuan: Mindset is a valuable asset
Mar 13, 2024
15:06:06
Ten years after graduating, former International Business Management student Doan Van Tuan has become one of the most prominent figures in the investment community in Vietnam. Currently, Mr. Tuan is the Investment Director of Nexttech Group and the Managing Director of Next100 Ventures fund, responsible for investment and investment management for the group in Vietnam and the United States.
The time studying at BUV laid the foundation for Mr. Tuan’s mindset to achieve significant career goals, which will be shared in the following article.
Mr. Doan Van Tuan, a BUV alumnus, now the Investment Director of Nexttech Group and the Managing Director of Next100 Ventures
Question: After 10 years of graduation, how have the knowledge and skills gained from the International Business Management (IBM) programme at BUV helped you pursue and succeed in your career path?
The knowledge and skills I acquired from the IBM programme have kept me mindful of seizing genuine opportunities in both work and society. Learning IBM at BUV is where my mindset was shaped: from specialized knowledge such as business models, economic theories to analytical skills, and management in a global business environment. This solid foundation has provided me with an overview of business strategy, finance, marketing, and people – enabling me to identify and address business shortcomings while supporting enterprises with strategic direction and rigorous financial management processes.
Through that, I can accompany and support the businesses I am investing in, helping them establish appropriate strategic directions and strict financial management processes.
Question: With your experience in the startup industry, what is your opinion on the startup environment in Vietnam? Do you have any advice for BUV-ers who want to pursue this field?
The startup environment in Vietnam is undergoing significant changes. The days of startups freely “burning cash” for the sake of chasing metrics and revenue while neglecting the survival factor: profitability, are over. In the context of future sustainability trends, businesses must focus on optimizing operational efficiency – a relatively challenging task for startups amidst increasingly evident economic downturns and declining purchasing power overall.
Therefore, if you want to start a business at this time, my advice is that you need to have good preparation regarding capital: personal funds, family, friends, or angel investors. Only when you have sufficient capital to get through the product development phase and prove the model can you easily attract investment from investment funds to continue developing.
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