Terms and Conditions
Mekong Investment reserve the right
to update the Terms and
Conditions at any time. It is
the responsibility of the
participants to stay current
with the Terms and Conditions.
The Terms and Conditions of the
contest shall be officially
announced on website www.20trieu.com
and in other manners of media
and advertising. It is a
condition of participation that
the participants sign and submit
the “Acknowledgement Form” that
such participants have read,
understood and agreed to comply
with the Terms and Conditions of
the contest.
Participants
The contest is open for any
individuals or groups who intend
to start up new businesses in
Vietnam. The following
participants are specially
encouraged to join the contest:
Groups of 2-4 people, from 25 to
40 years old;
People with background in
management positions in
multinational companies in
Vietnam; and
Recent MBA graduates or those
pursuing executive MBA programs.
The following participants may
not join the contest:
Existing employees of Mekong
Investment, Mekong
Capital, Navigos Group and LeBros;
Former employees of Mekong
Investment, Mekong
Capital, Navigos Group and LeBros
who worked at those
organizations within the last 12
months;
Close relatives of either of the
above (including
children, parents, brothers,
sisters, cousins,
nephews, nieces, aunts, uncles);
and
Spouses of the above and their
close relatives.
Business Plan Content
The participants will decide to
choose the format, template and
content of business plan,
covering the following:
Language: Vietnamese or English
Soft copy file: MS Word or PDF
Length: Less than 20 pages of A4
size
Restrictions
The proposed business should not
be in violation of any
Vietnamese laws or intellectual
property rights;
The proposed business should not
compete directly with any
existing business of Mekong
Investment and the co-sponsors;
The proposed business
must be in an industry in which
foreign investors are permitted
to hold up to 49% ownership, or
more, in Vietnam.
Selection
Criteria
The business plan
itself
Preferred
business plan of the areas such
as branded consumer products,
retail, franchise, distribution,
and internet
The
business model must be scalable
The business model
should be proven in some other
similar countries to Vietnam
such as China, Thailand…
Reasonable and
realistic assumptions in the
financial model in order to
reach the target of a $20
million company value within 5
years
Clear plan
to build and develop a strong
management team to implement the
business plan.
The management
team to implement the business
plan
Strong execution
ability, leadership and
management skills
Passion and commit to the
business plan implementation
Ability to handle
conflict and problems
Personal characteristics and
experiences which are
complementary to the intended
core competencies of the
business
Solid
experiences in management
position in a similar industry
would be a plus
A team with diversified
strengths among team members
would be a plus.
Strategic
issues
Well-developed
strategy, including a strong
analysis of the market,
competitors and strategy how the
company will differentiate
itself from competitors
Clear understanding
of key risks and weaknesses, and
plan for mitigating those issues
Clear understanding
of key drivers required for the
business to be successful, and a
clear plan to develop core
competencies around those
drivers.
Disclaimer
While an effort will
be made to keep confidential the
contents of business plans,
there is no guarantee or legal
commitment from Mekong
Investment to maintain the
confidentiality of the business
plans submitted;
Upon submission, it is possible
that business plans may
potentially be copied or
kept by Mekong Investment, but
we do not
provide any warranty and will
not be responsible for any
violation or dispute incurred
regarding the disclosure of the
business plans due to the
mentioned actions;
The winning business plan will
be selected by the Judgment
Board (assigned by Mekong
Investment and co-sponsors) with absolute
and final discretion and they do
not need to provide any reason
for their decision for the
participants;
No submitted
business plans and copies of
related materials will be
returned to the participants. |
