Vietnam banks spend big on technology
Amid the rapidly changing needs of users and the digital transformation goal set by the government, Vietnamese banks have been investing heavily in technology with the total hitting trillions of Vietnamese dong (VND1 trillion = $39.9 million).
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to gain from strong FDI in technology, consumer electronics
In ASEAN, Indonesia and Thailand are key beneficiaries of FDI inflow into the electric vehicle (EV) sector, while Singapore, Vietnam and Malaysia stand to gain from strong FDI in the technology and consumer electronic industries, writes James Cheo, chief investment officer, Southeast Asia and India, HSBC Global Private Banking and Wealth.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam tech giant FPT hits $1 bln in global IT services revenue
Hanoi-headquartered global technology corporation FPT has surpassed $1 billion in the global information-technology (IT) services segment, generated by its subsidiary FPT Software.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s PropertyGuru earns Jan-Sep revenue of $9.4 mln in Vietnam
Singapore-headquartered property-technology firm PropertyGuru recorded revenue of SGD12.5 million ($9.4 million) from the Vietnamese market in the first nine months of 2023, down 31% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam secures $36 mln in fintech funding from Jan-Sep: UOB
Vietnam secured $36 million in nine finance technology (fintech) deals in the first nine months of this year, according to the Singapore-based United Overseas Bank's (UOB) FinTech in ASEAN 2023 report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan High-Tech Materials: from sustainable mining to smart green production
Masan High-Tech Materials, a member company of Masan Group, is participating in Vietnam International Innovation Expo 2023 (VIIE 2023) as one of the leading technology enterprises at the National Innovation Center - Hoa Lac Hi-Tech Park.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM urges Apple, Boeing, Google to up Vietnam investments
Prime Minister Pham Minh Chinh has called on multinational giants like Apple, Boeing, Google and Siemens Healthineers to invest more in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Vietnam, US tech firms sign deals
Major tech firms from Vietnam and the U.S., including VNPT, Mobifone, and Rikkeisoft from Vietnam, and Synopsys, Qualcomm, and Nvidia from the U.S., along with government agencies have agreed to commence or boost their cooperation.
Economy - 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, US to see greater cooperation in technology: expert
As Vietnam and the U.S. continue to expand cooperation in technology, the former needs to prepare sufficient foundations to acquire new technologies from American partners, said Prof. Dr. Nguyen Mai, chairman of Vietnam's Association of Foreign Invested Enterprises (VAFIE).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam blockchain gathering to unleash ‘unlimited future’
An international blockchain conference called “Near APAC” held September 9-10 in Ho Chi Minh City will be a platform that reveals the latest advancements in blockchain technology, organizers said Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam needs to brace for sustainable tourism, new tech trends: travel platform Traveloka
Caesar Indra, president of Traveloka, a leading travel platform in Southeast Asia, shares with The Investor the significance of Vietnam’s ability to boost sustainable tourism and provide end-to-end technology solutions for a new age of travel as technology open doors to modern-day travel aspirations.
Executive Talk - 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 real estate recovery can begin next year: proptech exec
Vietnam's real estate market can start its recovery from the first or second quarter of 2024 at the earliest, said Le Bao Long, director of strategy at Batdongsan.com.vn, a proptech business under Singapore's PropertyGuru.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tech modernization tops ASEAN CEOs' priorities
About half the CEOs of firms in ASEAN countries including Vietnam identify tech modernization as their highest business priority.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Swedish software tools maker IAR shifts gears to tap Vietnam auto market
IAR, a Swedish supplier of software tools for embedded systems, appointed SH Consulting Vietnam as its official distributor in the country on June 4. Kiyo Uemura, IAR regional vice president in Asia-Pacific, tells The Investor that his company is well placed to supply mission-critical software to Vietnam’s growing automotive industry.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Top national awards vindicate Techcombank growth strategy: CEO
Winning FinanceAsia’s latest Best Bank and Most Innovative Use of Technology in Vietnam awards vindicates Techombank’s growth strategy and the talent of its employees, the bank’s head honcho says.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Germany's Infineon Technologies sets up chip development center in Vietnam
Germany-based Infineon Technologies AG, a global leader in automotive, power management, energy efficient technology, and the Internet of Things (IoT), opened a new center for chip development in Hanoi on Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Australia agrotech RLF invests $2 mln in Vietnam agricultural distributor
Australia’s RLF AgTech Ltd., an agriculture-technology (agrotech) business, will invest AUD3.3 million ($2.14 million) in Kona Crop Science, a Ho Chi Minh City-based distributor of agricultural products, in order to reach the Vietnamese market.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore's PropertyGuru earns $2.5 mln from Vietnam market in Q1
Singapore-headquartered PropertyGuru recorded a revenue of SGD3.33 million ($2.5 million) from the Vietnamese market in the first quarter of this year, down 34.2% year-on-year, according to a company report on quarterly financial results released Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
62% of Vietnam consumers cut non-essential spending: PwC
Vietnamese consumers have drastically adjusted their spending behaviors, with 62% in a new PwC survey “holding back” on non-essential spending amid the globally rising cost of living.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam golf course developer, fitness chain unveil new golfing concept
Vietnam Golf Investment and Service JSC (VGS Invest) has signed a partnership agreement with California Fitness & Yoga Co. to develop the sports industry, expecting to make Vietnam a global destination for sports tourism.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinES, Li-Cycle strike long-term battery recycling deal
Li-Cycle, the largest lithium-ion battery recycler in North America, said Wednesday it has signed a definitive agreement with Vietnam’s VinES Energy Solutions for a long-term battery recycling relationship.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Former Techcombank CEO makes swift exit from tech giant VNG
Former CEO of Techcombank Nguyen Le Quoc Anh has resigned from VNG Corporation's board of directors due to "personal reasons" after just three months in the position, the tech firm announced on Thursday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to get search and rescue solution from Europe’s largest satellite producer
Thales Alenia Space, Europe’s biggest satellite manufacturer, has signed a contract with prime contractor MKE to provide Vietnam with a MEOLUT Next ground station that will operate as part of the COSPAS-SARSAT global MEOSAR (Medium Orbit Search And Rescue) network.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renesas Design Vietnam deploys AI-driven verification for car chips
Renesas Electronics in Vietnam is utilizing one of the world’s latest AI-driven chip verification and debug tools to power up the development of its R-Car automotive designs.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Viettel partners with Qualcomm, joins int’l transceiver technology group
Viettel has kicked off a new collaboration with Qualcomm Technologies to advance 5G infrastructure growth and has just become a member of Open XR Forum, an international consortium joining network operators, equipment vendors, and component suppliers in transceiver technology.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Koina rides Vietnamese wave of eco-friendly agriculture promotion: chairman
Koina, a data-driven farm-to-business agriculture technology start-up in Vietnam, is working to help improve the domestic supply chain as the government encourages green and sustainable agriculture. Koina co-founder and chairman Nguyen Tran Thi talks to The Investor about the platform’s journey.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
FPT Software acquires US firm Intertec's IT service division
Vietnam’s leading IT service provider FPT Software has acquired the U.S.-headquartered Intertec International's IT Services division, in a move to further strengthen its North American nearshore delivery capabilities.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Masan allowed to invest $105 mln in Singapore’s Trust IQ
Vietnamese conglomerate Masan Group’s subsidiary The Sherpa on Friday received an offshore investment registration certificate to place $105 million in Singapore-based tech firm Trust IQ Pte. Ltd.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
FPT Software licensed to build $85 mln tech hub in central Vietnam
Vietnam’s leading IT service provider FPT Software has received an investment certificate to build a VND2 trillion ($85.28 million) technological training, production and research center in Binh Dinh province.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinaCapital Ventures invests $1 mln in agri-tech platform Koina
VinaCapital Group’s technology investment arm VinaCapital Ventures is investing $1 million in Koina, a Vietnam-based data driven farm-to-business agriculture technology platform, as part of a seed extension fundraising round.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam carmaker VinFast, Vayyar team up to enhance safety, driving experience
Vietnamese electric vehicle maker VinFast and Israeli semiconductor company Vayyar Imaging have partnered to improve driving experience and safety by integrating in-cabin radar technology into VinFast’s VF 6 and VF 7 models.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese firm invests $35 mln in Danang hi-tech R&D center
The Da Nang Fujikin Research, Development and Production Center in the eponymous central city was inaugurated Thursday, focusing on hi-tech areas like robotics, artificial intelligence and nanotechnology.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam may benefit $9-17 bln annually from metaverse by 2035: Deloitte
The potential economic impact of the metaverse by 2035 in Vietnam may reach $9-17 billion per year, according to Deloitte's The Metaverse in Asia: Strategies for Accelerating Economic Impact report.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
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