Vietnam – Tech in Asia

Sources indicate that some suppliers are moving their supply chains to Vietnam.

https://www.techinasia.com/news/spacex-urges-suppliers-exit-taiwan-china-tensions

The legislation may restrict data transfers overseas, potentially hindering the growth of social media platforms.

https://www.techinasia.com/news/draft-law-vietnam-slow-tech-data-center-growth

Shunsin aims for full operational capacity by December 2026.

https://www.techinasia.com/news/foxconns-shunsin-invests-80m-vietnam

This collaboration aims to replace the current gasoline-powered public transport fleet.

https://www.techinasia.com/news/vinfast-supply-3000-evs-mexico-cut-emissions

Temu is legally based in Boston, launched in Vietnam in early October.

https://www.techinasia.com/news/temu-faces-regulatory-scrutiny-vietnam-ecommerce-launch

Zalo, part of VNG's core business has 77.6 million monthly active users, reflecting a 3% growth this quarter.

https://www.techinasia.com/news/vngs-q3-revenue-287m

In The Checkout this week, we dive into SCI Ecommerce’s financials last year and examine Temu’s regulatory hurdles in Vietnam.

https://www.techinasia.com/sci-ecommerce-growth-slows-readies-ipo

The financial banking is led by Vertex Ventures Southeast Asia and India.

https://www.techinasia.com/news/vietnams-d2c-mens-apparel-brand-secures-6m-series

VinFast also inaugurated its first UAE dealership, located in downtown Dubai.

https://www.techinasia.com/news/vinfast-launches-middle-east

Vietnamese B2B company, PangoCDP, has partnered with Zalo, a popular messaging platform in Vietnam.

https://www.techinasia.com/news/vietnamese-b2b-company-secures-15m-seed-funding

VinVentures focuses on companies in sectors including artificial intelligence, semiconductors, and cloud computing.

https://www.techinasia.com/vingroups-new-venture-arm-to-invest-50m-in-sea-tech-firms

The fund manages assets worth US$150 million, focusing on AI, Semiconductors, and Cloud Computing.

https://www.techinasia.com/news/vingroup-launches-150m-tech-fund-vinventures

Which investors are writing the most checks to Vietnam-based startups?

https://www.techinasia.com/active-investors-vietnams-startups

Sociolla only had two offline stores in 2019 but now has 86 in Indonesia and 10 in Vietnam.

https://www.techinasia.com/indonesias-sociolla-hit-profitability-q1-2024

The surgery was necessary to remove an 11.5 cm tumor, protecting vital organs post-procedure.

https://www.techinasia.com/news/vietnam-completes-3d-chest-implant-sea

The collaboration has led to the creation of an AI Lab at NUS focused on machine learning and data analytics.

https://www.techinasia.com/news/vietnams-fpt-nus-invest-50m-ai-research-lab

The US chipmaker Nvidia is reportedly in discussions with involved parties to finalize its acquisition of VinBrain.

https://www.techinasia.com/vingroup-sell-stakes-ai-firms-sources

Here are the companies in Vietnam that are attracting tons of investors and have the resources to spend on software, talent, and expansion.

https://www.techinasia.com/meet-15-topfunded-startups-tech-companies-vietnam

However, AI might be just what the doctor ordered.

https://www.techinasia.com/visual-story/players-seas-ailing-healthtech-landscape

The initiative is expected to create around 1,000 jobs.

https://www.techinasia.com/news/meta-produce-quest-3s-vr-headset-vietnam

Ninja Van announced on September 19 the suspension of operations at ECRM Nobita to rectify the payroll problems.

https://www.techinasia.com/news/ninja-van-tackles-overdue-salaries-vn-subsidiary

Vietnam says this investment may help resolve delays in launching Starlink satellite services in the Southeast Asian nation.

https://www.techinasia.com/news/spacex-proposes-15b-starlink-investment-vn

Geely's new plant in Vietnam will have a production capacity of 75,000 vehicles annually.

https://www.techinasia.com/news/geely-build-168m-vn-plant-boost-annual-production

Samsung's total investment in Vietnam now stands at $22.4 billion.

https://www.techinasia.com/news/samsung-invests-18b-vietnam-oled-factory

The fintech firm aims to bring its agent network to the Philippines, where 66% of adults are unbanked.

https://www.techinasia.com/vietnam-mfast-eyes-15m-replicate-success-philippines

Vietnam-based ECRM Nobita reportedly has not been paying salaries in full since July.

https://www.techinasia.com/ninja-van-vietnam-subsidiary-workers-protest-unpaid-salaries

Both established names and new players are looking into M&As, partnerships, and AI integrations to boost market share.

https://www.techinasia.com/visual-story/key-ridehailing-players-sea-booking

Opening Bell 🔔 is Tech in Asia’s free newsletter that brings you the biggest news on Asia’s publicly listed tech companies.

https://www.techinasia.com/shortsellers-ifast-wins

Though the reason for the probe is unclear, VNG said its business operations remain normal.

https://www.techinasia.com/vng-names-new-acting-ceo-amid-ongoing-investigation-update

The Vietnamese B2B ecommerce firm slashed monthly losses by 80% via diversifying products and trimming its sales force.

https://www.techinasia.com/telios-costcutting-gambit-funding

While the proptech firm's take-private offer may seem like a bust for SEA startups, it shows a silver lining.

https://www.techinasia.com/propertygurus-takeprivate-offer-explained

What are VCs in Vietnam looking out for when it comes to startups?

https://www.techinasia.com/practices-funded-vietnam

In The Top Up this week, we look at Vietnam’s new rule requiring facial recognition for payments and how it affects the country’s fintech landscape.

https://www.techinasia.com/key-names-headline-creation-hold

All online transactions in Vietnam exceeding US$393 now require a facial scan. Surprisingly, some fintech players see this as a potential boon.

https://www.techinasia.com/facial-scan-buy-banh-mi-vietnam

The startup combines flexible accommodation options to compete with large hotel brands, but can it defy Vietnam's challenging proptech landscape?

https://www.techinasia.com/m-village-vietnams-new-proptech-start-pass-scaling-challenge

Kevin Tung Nguyen’s JobHopin was bogged down by funding and product-related snags while Skola is mired in financial and ownership issues.

https://www.techinasia.com/vietnamese-tech-star-suspends-startups-amid-legal-dispute-police-probe