Vietnam
Vietnam’s tech “unicorn” VNG extends losses to 5th year, $12.4M in 2025
Vietnam's tech major VNG Group JSC, associated with China's Tencent, Ant Group, and Singaporean sovereign wealth fund GIC, recorded a post-tax net loss of VND326 billion ($12.4 million) last year, according to its consolidated financial statements for 2025.
TikTok invests $125M in Vietnam
TikTok has invested $125 million in Ho Chi Minh City, the southern economic hub of Vietnam, the municipal Department of Finance said on Thursday.
Tourism vessel in Vietnam fined $2,700 for illegal use of Starlink Internet service
The owner of a tourism vessel in Cat Ba, a popular tourism island in northern Vietnam, was recently given an administrative fine of VND70 million ($2,658) for illegally providing Starlink satellite Internet service to tourists.
Vietnam’s Hanoi capital city urges ride-hailing service Grab to utilize green energy vehicles
The Department of Construction in Vietnam's Hanoi capital has urged couriers and ride-hailing services, including Singapore-headquartered Grab, to build plans to utilize green vehicles, such as electric vehicles (EV).
Vietnam records foreign investment $14.2B in semiconductor, to further attract big tech
Vietnam's semiconductor sector has so far recorded foreign direct investment (FDI) of $14.2 billion in 241 projects and will strive to further attract global big tech to invest in the country.
Lotte Ventures Vietnam: State fund expected to boost private venture capital sector in Vietnam
Vietnam's establishment of state funds for venture capital, such as Hanoi with a VND600-billion ($22.8 million) venture capital fund and Ho Chi Minh City with a VND500-billion, can help boost private venture capital in Vietnam, according to experts.
Vietnam slaps 0.1% personal income tax on digital asset transaction
Vietnam applies a 0.1% personal income tax on the value of each digital asset transaction, according to the Ministry of Finance’s Circular 32/2026.
Toyota to build $360M factory line in Vietnam to manufacture hybrid vehicles
Japan's automotive manufacturer Toyota is set to invest $360 million in building a hybrid vehicle line within its factory in Vietnam, Toyota Vietnam CEO Hirata Osamu said.
Singapore’s Sembcorp to jointly build $450M data center in Vietnam HCMC
StarMason JSC, a joint venture between Singapore's Sembcorp Development and Vietnam's BB Holdings, has received investment approval for the proposed development of a state-of-the-art hyperscale- and AI-ready data center campus in Saigon Hi-Tech Park (SHTP), Ho Chi Minh City.
Foxconn invests $287M in Vietnam unit Fulian Precision Technology Component
Taiwan's Hon Hai Precision (Foxconn), a global electronic manufacturer known for making Apple, Sony, and Xiaomi products, has poured an additional $287.1 million in its Vietnam-based wholly-owned unit Fulian Precision Technology Component.
