Tracxn : Investments into Vietnam FinTech startups sinks to $35.3M in 2023

Total funding into Vietnamese FinTech startups plunged 84 percent to $35.3 million in 2023, from $227 million in 2022, Tracxn Technologies Ltd. said on Thursday. The FinTech sector in Vietnam secured funding worth $35.3 million in 2023 with only eight funding rounds, the least funded year since 2021.

Vietnam’s VinFast launches electric bike in the United States

Vietnamese carmaker VinFast Auto has officially announcedthe rollout of the DrgnFly electric bike in the United States. The VinFast Drgnfly launches in the US market with prices expected to begin at $2,800.

VinFast to build $500M integrated electric vehicle facility in India

VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, has signed an agreement to build an integrated electric vehicle facility in Tamil Nadu, India. The duo will work toward a total investment of up to $2 billion, with an intended commitment of $500 million for the first phase of the project, spanning five years from the commencement date.

Vietnam’s VinFast inks deal with initial independent dealers in US

VinFast, a Vietnam-based smart electric vehicle manufacturer, has on Tuesday announced that it has officially signed agreements with five dealers in four states across the country, and United States customers can now experience VinFast’s electric vehicles through these dealers. The firm expects to expand its dealer network to 125 points of sale across the…

[Live from Hanoi, Vietnam] The 2023 VinFuture Prize Award Ceremony – Celebrating “Boundless Unity” Innovations for Humanity

The 2023 VinFuture Prize Award Ceremony is officially poised to take place at 8:00 PM on December 20th, 2023, at the Ho Guom Opera House in #Hanoi. This solemn ceremony will be attended by top leaders of the #Vietnam government and distinguished international scientists who are laureates of world-renowned science and technology prizes such as the Nobel…

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.