VIETNAM – INTERNATIONAL ENTREPRENEURS NETWORK CLUB

By on April 29, 2022 0

New York, April 29, 2022 (GLOBE NEWSWIRE) — PHI Group, Inc. (www.phiglobal.com, PHIL), a diversified holding company currently engaged in PHILUX Global Funds (a group of Luxembourg banking funds), the Asia Diamond Exchange (“ADE”) project in Vietnam, mergers and acquisitions and investments in special situations (www.co2- 1-0 .io), is pleased to announce that the Company signed a strategic agreement with Vietnam – International Entrepreneur Networking Club (“VIENC”) on April 29, 2022 to help Vietnam-based businesses access sources international capital and other resources to develop and enhance business advantages for sustainable growth and expansion in domestic and international markets.

Speaking at a ceremony attended by selective entrepreneurs, leaders of government authorities supporting trade promotion in Ho Chi Minh City and representatives of various news agencies, Mr. Dinh Vinh Cuong, Chairman of VIENC , said : Covid-19 pandemic severely hit a hundreds of thousands of small and medium businesses across the country. In 2021, the have been over 100,000 national companies leaving the market due to sapregarding difficulties. From the beginningnotnotend of 2022 UNuntil nowthere are a number of positive signals for economic recovery. Nevertheless, Vietnam companies in general still do not have entirely escaped economic difficulties due to the increase in the price of oil, raw materials and logisticss. VScapital scarcityis always a burning question for Vietnamese national companies. Faced with this situation, with a mission to create a playground to connect Vietnamese entrepreneurs withinside and outsideside of Vietnam to support a aother in order to Push it post-pandemic economic recoveryCOME tried hard with great efforts to find and connect partners to help domestic enterprises maintain production stability and strengthen the pace of development for the future as well. In this endandflavor, we studied and recognized the potential and fitness private health insurance Group in help Vietnam-based companies connect to global financial markets. We have decided to cooperate with PHI Group to help Vietnamese companies in the public listing of their shares in international markets and increase awareness of their brands”.

Resonating with Mr. Dinh Vinh Cuong, Henry D. Fahman, President and CEO of PHI Group, Inc., agreed, We greatly value the entrepreneurial spirit and the creative dynamism of President Dinh Vinh Cuong and other members of VIENCE. In a short timeCOME logged in some of his members operating in many sectors in Vietnam and other countries become a leader companies in many Industries. COME is good at contributing policy ideas, connecting many infrastructure investment opportunities in several provinces and cities in Vietnam, be dynamic to help companies unlock their potential, thus creating the conditions for seizing opportunity and access the resources needed for development. We certainly share the same point of view and objectives with VIENCE and believe that we can help dozens of VIENC member companies to go public in the US stock markets in the near future..

In the spirit of partnership and long-term collaboration, the two parties have signed the cooperation strategy aimed at the following priorities:

  1. PHI will help VIENC to establish an emerging growth fund as a sub-fund under the Luxembourg-based PHILUX Global Funds umbrella to raise capital for VIENC members.
  2. PHI will support VENC through training programs and seminars to improve the leadership and management capacities of VENC members.
  3. PHI will assist VENC members to list their shares on select international stock exchanges, particularly in the United States and Europe.
  4. PHI will help VENEC participate in the construction of the Asia Diamond Exchange in Vietnam.

The above-mentioned strategic cooperation signing ceremony will open up new opportunities for VENC entrepreneurs in particular and the entire Vietnamese entrepreneur community in general amid post-pandemic economic recovery and growth.

About Vietnam – International Entrepreneur Networking Club

Vietnam – International Entrepreneurs Networking Club (VIENC) (http://vienc.org) was established on February 2, 2022 by Decision No. 01/2022/QD-EDRI by the Director of Vietnam – ASEAN Entrepreneurs Institute for Development Research. VIENC has the following missions: (i) Networking: to connect Businesses and Entrepreneurs in Vietnam and other countries; (ii) Sharing: to share business/cooperation/investment opportunities; (iii) Upgrading: to improve business management skills and improve members’ lifestyle; and (iv) Social responsibility: contributing to the community through charitable activities and support for the poor and children with disabilities.

About PHI Group, Inc.

PHI Group, Inc. (www.phiglobal.com) is a diversified holding company with a number of subsidiaries, including those engaged in advisory and financial services: (i) PHILUX Capital Advisors, Inc., a Wyoming-based company specializing in mergers and acquisitions and international capital markets, and (ii) PHILUX Global Funds, a Luxembourg reserved alternative investment fund, with various compartments designed for investment in real estate, blockchain and crypto technologies, the agriculture, health and energy, etc.

PHILUX Global Funds focused on working with Vietnam, to be affiliated with the World Federation of Diamond Bourses (WFDB) and fully comply with the Kimberley Certification Process (KPC) to set up a modern diamond Bourse in Vietnam, also the very first in Asia. the hemisphere, including processing centers for rough, processed and laboratory grown diamonds. Vietnam has all the conditions to quickly become a major trading hub in the Asian region, following the successful model of the Dubai Multi-Commodities Center (DMCC) which includes the Dubai Diamond Exchange and generates over $75 billion in annual revenue.

Recently, on April 1, 2022, PHILUX Global Funds announced the success of its certified trade missions with major investors and key financial industry executives in Dubai and Abu Dhabi under the auspices of the United States Embassy in the Arab Emirates States (UAE), the United States Department of Commerce Trade Administration International and Trademissions.org (https://www.nasdaq.com/press-release/phi-group-successfully-concluded-the-certified-finance-trade-mission- to-the-united) and helped connect with key European investors in Zurich, Switzerland.

About PHI Group

PHI Group (www.phiglobal.com, PHIL) is primarily focused on advancing PHILUX Global Funds, a group of Luxembourg banking funds organized as the “Reserved Alternative Investment Fund” (“RAIF”) (www.philux.eu), and building the Asia Diamond Exchange (“ADE”) in Vietnam. The Company also engages in mergers and acquisitions and invests in certain industries and special situations (www.co2-1-0.io) that can significantly increase shareholder value.

Safe Harbor Act and forward-looking statements

This press release contains “forward-looking statements” pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results or strategies and are usually preceded by words such as “may”, “future”, “plans” or “expected”, “shall” or “should”, “expected”, “anticipates”, “outline”, “possibly” or “planned” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements due to a variety of factors.

Contactyou:

PHI Group, Inc.

Telephone: +1 714 793 2977

Email: [email protected]

Vietnam – International Entrepreneurs Networking Club

(https://vienc.org/)

Mr. Khiem Tran, Permanent Vice-President

Mobile phone: +84 91 333 55 33,

Email: [email protected], [email protected]

Ms. Vo Thuy Anh, Public Relations Officer

Mobile phone: +84 94 515 04 98,

Email: [email protected]