Author: Duc Dao

Vietnam will prioritize immediate development and deployment of six products, including unmanned aerial vehicles (UAV), 5G network, and Blockchain-tracking application & digital assets, the Ministry of Science and Technology said at a Tuesday meeting on strategic technologies.

Mozark, a Singapore-headquartered digital experience testing and measurement company, has raised $40 million in a Series B funding round led by International Finance Corporation (IFC) and RMB Capitalworks, with continued participation from existing investor Kalaari Capital.

The family of Pham Nhat Vuong, Vietnam's richest billionaire per Forbes estimation and chairman of conglomerate Vingroup, has founded GSM VN Holding with a charter capital of VND43,313 billion ($1.7 billion).

Taiwan's Cooler Master, a computer hardware manufacturer, has invested $200 million in Vietnam's Bac Ninh province and plans to increase the investment to $3 billion.

Singapore-based Equator Renewables Asia (ERA), founded by entrepreneur Frank Phuan, has raised S$50 million to develop large-scale solar, green hydrogen and sustainable industrial zone projects across Indonesia.

Vietnam's electric motorbike startup Dat Bike has secured a $4 million investment from local securities firm Thien Viet Securities JSC, the former announced Monday.

Artificial intelligence (AI) innovations developed by Indonesian women-led startups, such as hospital automation tools and inclusive communication platforms, are approaching Vietnam through a regional expansion initiative led by Indonesia-based Indosat Ooredoo Hutchison under its women-focused innovation program SheHacks.

Vietnam’s Ministry of Science and Technology is considering financial support of up to VND15 billion (about $570,000) for each “unprecedented” digitalization project.

Global financial platform Airwallex said its treasury solution Yield has surpassed $1 billion in global assets under administration, marking a key milestone as the fintech company expands the product to businesses in the United States.

Vietnam-based Fulian Precision Technology Component Company Limited, a subsidiary of Taiwan-based Foxconn, has increased its charter capital by about $39.4 million.