Vietnam
TNGlobal’s Top 10 most-read news articles in 2023
The global wave of layoffs hitting US tech companies like Meta, Amazon, and Twitter has also come to Southeast Asia amid a slowdown in fundraising activities for tech startups. Tech companies including venture capital-backed startups in Southeast Asia have also announced layoffs and austerity measures to cope with the uncertain macroeconomic situation.
VinFast and Marubeni collaborate to repurpose EV batteries
VinFast, Vietnam’s leading electric vehicles manufacturer, and Marubeni Corporation, a major Japanese trading and investment conglomerate, have partnered to explore opportunities in the secondary use of electric vehicle (EV) batteries and the potential to establish a circular economy model.
VinFast: A role model of building sustainable supply chain in Vietnam [Q&A]
"VinFast has once committed to cease selling internal combustion engine vehicles before 2035, and we are proud to announce that we have achieved this significant milestone much earlier than anticipated," said Madame Le Thi Thu Thuy, Global CEO of VinFast, during the panel discussion on "Sustainable Supply Chain Resilience: Navigating Global Disruption" at…
Tracxn: Vietnam’s year-to-date funding falls to lowest since 2019
Vietnam has secured the fourth position in 2023 based on year-to-date (YTD) funding, marking the lowest funding year for the region since 2019. The Vietnamese tech startup ecosystem has raised a total of $142 million in funding year to date, reflecting a drop of 73 percent and 91 percent compared with the funds raised in the same period in 2022 and 2021,…
Singapore’s Sweef Capital makes strategic investment in Vietnam’s USM Healthcare
Singapore investment firm Sweef Capital has made strategic investment in Vietnam-based USM Healthcare to increase access to affordable medical devices and orthopedic products.
Nvidia CEO Jensen Huang aims to set up a base in Vietnam – report
Nvidia's CEO Jensen Huang said the company viewed Vietnam as its home and affirmed its plans to set up a centre in the country.
Vietnam’s akaBot expands its reach into Malaysia
AkaBot, a Vietnam-based robotic process automation (RPA) solutions provider, has officially introduced the strategy to extend its services and solutions in the Malaysia market. The firm will offer Malaysian businesses in finance, banking, retail, and manufacturing a range of holistic solutions for automation and digitization, enhancing overall productivity…
Deloitte: Southeast Asia raises about $5.5 billion year to date, the lowest in eight years
Southeast Asia has raised approximately $5.5 billion via initial public offering (IPO) in the first 10.5 months of 2023, the lowest in eight years, Deloitte said Thursday. The total IPO raised down from $7.6 billion in 2022. Meanwhile, the IPO amount for the first 10.5 months of 2023 stands at 153, also down from 163 in the full year of 2022.
