Vietnam

Vietnam-based Goertek Technology Vina Co., Ltd., a subsidiary of Chinese manufacturing giant Goertek, has invested VND527.1 billlion ($20 million) more in its factory in the northern province of Bac Ninh, according to its draft environmental impact assessment sent to the provincial authorities.

VinDynamics, a robotics company under Vietnam's conglomerate Vingroup, and Germany's motion technology firm Schaeffler will collaborate on research and development in humanoid robotics.

Fushan Technology (Vietnam), a subsidiary of Foxconn (also known as Hon Hai Precision Industry), is seeking permission to manufacture humanoid robots in its factory in Vietnam's northern province of Bac Ninh.

BYD Electronics (Vietnam), under Chinese giant BYD, was granted a certificate to increase its investment in Vietnam's northern province of Phu Tho to $479.8 million.

The optimal development path for startups in Vietnam at the moment is to join conglomerates, such as via merger & acquisition (M&A) deals, instead of striving for initial public offering (IPO), said Erik Duong, founder of Web3 X, an investment fund and incubator specializing in Web3 and Blockchain startups.

OKG Ventures Limited, associated with OKG Technology and OKX Ventures, has contributed VND1,000 billion ($37.9 million) in the charter capital of Vietnam Prosperity Crypto Asset Exchange Joint Stock Company (CAEX), one of the first crypto trading platforms in Vietnam.

Vietnam's affordable airline Vietjet and China's SPDB Financial Leasing (SPDBFL), a subsidiary of Shanghai Pudong Development Bank, have signed an agreement for the finance lease of 10 COMAC C909 aircraft.

Vietnam is planning to establish a national artificial intelligence (AI) development fund, with the State budget funding at least VND30,000 billion ($1.14 billion), according to the Ministry of Science and Technology's draft decree for the fund.

Farmnet, the Vietnam-based trading arm of agricultural supply chain firm TechCoop, has received a $11.75 million senior secured loan from Symbiotics, a Geneva-based impact investment firm.

Foxconn, also known as Hon Hai Precision Industry, will invest $58.3 million more in its Vietnamese subsidiary Fushan Technology (Vietnam), according to a filing of the Taiwanese electronic giant sent to the Taiwan Stock Exchange (TWSE) on Wednesday.