Vietnam

Vietnamese tech startups raised $120 million in funding in 2024, representing a 38 percent decline from the $196 million secured in 2023 and a sharp 77 percent drop compared to the $518 million raised in 2022, Tracxn said Tuesday.

Vietnam-based Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (Solarvest) and Power Engineering Consulting Joint Stock Company 2 (PECC2) have forged strategic partnership to accelerate renewable energy adoption in Vietnam through the new direct power purchase agreement mechanism (DPPA) via national grid.

India is also the first market where VinFast has developed a right-hand drive version of the VF 6 and VF 7. These two models are expected to meet the electrification needs of consumers and set a new benchmark in the green transportation industry in India.

Vietnam-based An Binh Commercial Joint Stock Bank (ABBANK) has invested in engagement banking firm Backbase to launch digital banking platform.

Vietnam and Laos have launched a framework for local currency settlement and cross-border QR code payment connectivity, the State Bank of Vietnam (SBV) and the Bank of the Lao P.D.R. (BOL) said on Friday.

Singapore-headquartered healthcare investor August Global Partners (AGP) is investing in Vietnam=based genomic testing company Gene Solutions (GS) through a proprietary funding round.

The Emerging Africa & Asia Infrastructure Fund (EAAIF), a Private Infrastructure Development Group (PIDG) company managed by Ninety One, has announced a $20 million investment in CME Solar to support the company to develop a pipeline of rooftop solar projects for companies in Vietnam.

As we usher into 2025, hoping for a better year, here are Southeast Asia’s top 10 tech news in 2024.

Vietnam has become a hub for digital nomads and entrepreneurs, thanks to its vibrant culture and affordable living. Here are some of the top co-working spaces in the country that cater to various needs and preferences.

OnPoint, a Vietnam-based E-commerce enabler, has on Wednesday officially announced its acquisition of CREA, a Thailand-based e-commerce enabler, to strengthen its e-commerce leadership in Southeast Asia.