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Samsung invests $1.2 bln in Vietnam in 2023, to focus on innovation, training

Samsung invested $1.2 billion in Vietnam in 2023 as part of its continuous commitments to the country, said Samsung Vietnam CEO Choi Joo Ho.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam-focused FEBE Ventures announces $75 mln second fund

FEBE Ventures, a global seed-focused venture capital firm focusing on Vietnam, has launched its $75 million second fund, helping seed-stage startups.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korea Startup Center in Hanoi a milestone in Vietnam-Korea sci-tech cooperation

The opening of the Korea Startup Center (KSC) in Hanoi marks a significant stride in science-technology and innovation cooperation between South Korea and Vietnam, Deputy Minister of Science and Technology Tran Hong Thai has stated.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Success is doing what we want: coconut shell charcoal firm CEO

Success is not about achieving clear, quantitative goals, but doing what we want in line with our abilities, said Nguyen Cam Hang, CEO of Highlandbp, a coconut shell charcoal producer in the southern province of Binh Phuoc.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese founded English learning startup secures $23 mln funding

Elsa (English Learning Speaking Assistant), a Silicon Valley-based startup founded by Vietnamese language and education expert Van Dinh Hong Vu, has raised $23 million in Series C funding.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam venture capital firm ThinkZone eyes $50 mln for third fund

Vietnamese venture capital company ThinkZone Ventures is attempting to raise its third fund, targeting $50 million to focus on early-stage startups with global potential.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

E-motorbikes can give gasoline peers a run for their money: Vietnamese entrepreneur

With better mileage and other “outstanding” features, electric motorcycles can win the market race against their gasoline-fuelled peers, says Selex Motors CEO Nguyen Huu Phuoc Nguyen. The founder of Vietnam’s first EV startup applying the battery exchange model tells The Investor that his entrepreneurial zeal is driven by the desire to put Vietnam on the global tech map.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore’s TNB Aura says expected third fund will focus on Vietnam

Singapore-based venture capital firm TNB Aura (TNBA) says it is in talks to raise capital for its third fund, to be focused on Vietnam as a core market.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese startups still a venture capital magnet

Vietnam’s tech startup scene has continued to attract venture capital (VC) investments, pushing the country further towards its aim of becoming a fully digital society by 2030.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam startup FoodMap raises $1 mln to expand in foreign markets

Ho Chi Minh City-based agriculture-technology startup FoodMap has raised $1 million in a move to bring Vietnamese farm produce to new international markets, the agritech firm said on Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

S Korea’s Kakao Mobility teams up with Vietnam EV maker VinFast

Kakao Mobility, a subsidiary of South Korea's tech giant Kakao Corp., has entered into a partnership with Vietnamese electric vehicle producer VinFast to boost transportation infrastructure in Vietnam by collaborating with domestic industry players.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Samsung Ventures invests in Vietnam's sleep tech startup Earable®

Earable® Neuroscience, a deep tech company that focuses on the neuroscience ecosystem to improve everyday experience, has announced the completion of the investment process from its bridge round by Samsung Ventures at an undisclosed amount on Wednesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Japan's SMBC kicks off $200 mln fund to fuel Asian fintech startups

Japanese megabank SMBC has co-founded the corporate venture capital fund “SMBC Asia Rising Fund” with Tokyo-based venture capital firm Incubate Fund (IF) in Singapore while it expands across Asian markets, including Vietnam.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s edtech MindX nabs $15 mln investment from Singapore’s Kaizenvest

MindX, a Vietnamese edtech startup focusing on technology training, has raised $15 million in a series B funding round led by Singapore-headquartered private equity fund Kaizenvest.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam startups secure $634 mln in 2022 funding

Startups in Vietnam secured 134 deals with venture capital investment of $634 million in 2022, down 19% and 56% year-on-year respectively, according to the Vietnam Innovation & Tech Investment Report 2023.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam fintech firm Gimo closes $5.1 mln Series A round

Vietnam’s on-demand salary access provider Gimo has raised $5.1 million in the first close of its Series A funding round led by Singaporean venture capital firm TNB Aura.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese startups nab $855 mln in 2022: Nextrans

Startups in Vietnam secured 85 funding deals worth $855 million in 2022, according to South Korea's venture capital company Nextrans.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Touchstone Partners invests $1 mln in Vietnam B2B platform Quqo

Vietnamese B2B distribution platform Quqo has secured $1 million in a seed round from Ho Chi Minh City-based Touchstone Partners.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam eyes $5 bln in capital toward innovative startups in 2023-2025

Thirty-nine venture capital funds vowed to pour $1.5 billion into innovative startups in Vietnam in 2023-2025, as part of the country's effort to attract funds totalling $5 billion in the period.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam F&B startup nabs $1 mln from Touchstone Partners

Oda, a Vietnamese startup providing food procurement systems for restaurants and suppliers, has secured $1 million in seed round funding from Touchstone Partners.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Startups in Vietnam attract $494 mln in Jan-Sep venture capital: report

Startups in Vietnam attracted $494 million of venture capital in 94 deals in the first nine months of the year, down from $602 million in the same period of 2021, according to a report by BambuUP, a Vietnamese innovation connection platform.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese firm debuts electric motorbike delivery system for business

Selex Motors, a Vietnamese startup, launched its electric motorbike delivery system Sunday, the first in Southeast Asia with optimization for business-to-business (b2b) transport services.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese direct-to-consumer startup raises $4.3 mln in series A round

Menswear brand Coolmate has netted $2.3 million from GSR Ventures and Do Ventures as an additional to its series A round, raising the round’s total to $4.3 million, the Vietnamese clothing supplier said Monday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore-based recruitment platform Glints raises $50 mln

Online job matching platform Glints, which operates in Indonesia, Vietnam, Singapore, Malaysia and Taiwan, has raised $50 million for expansion, the firm said Tuesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Seoul mayor works to boost Vietnam business ties

Seoul mayor Oh Se-hoon has helped Korean tech startups gain greater access to Vietnam, and other Korean firms expand their presence.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Emerging Asia Pacific giants labeled potential unicorns

The Asia Pacific (APAC) region continues to welcome more unicorns as technology enables businesses to expand, with emerging giants in the region driving the process, according to KPMG and HSBC.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam proptech update: Propzy employs mass job cuts, Houze ups expansion fund

SoftBank-backed proptech startup Propzy has reduced its headcount by half, while Vietnam-based competitor Houze has raised $2 million in the latest funding round to bolster its leadership and core product.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore's Golden Gate Ventures opens Vietnam offices

Golden Gate Ventures is opening two offices in Hanoi and Ho Chi Minh City as part of the Southeast Asian venture capital fund’s plans to increase investments in Vietnam’s startup ecosystem.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam blockchain majors to set up global influence: deputy minister

Among the 200 world-leading blockchain companies, seven were founded by Vietnamese, and the government is paying close attention to the new sector, said Deputy Minister of Science and Technology Nguyen Van Tung.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

53% growth forecast for Vietnam startup investment after record year

Investment in Vietnam’s startups could hit $2 billion this year, mostly flowing into agriculture and technology, according to Vietnam Startup and Investment Club.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7