Vietnam

Vietnam, one of Southeast Asia’s fastest-growing digital markets, is seeing its e-commerce seller economy expand at breakneck speed, driven by a young, digitally fluent generation of entrepreneurs - but the ecosystem supporting them is struggling to keep pace, according to a new study by leading consumer research firm Milieu Insight.

Vietnamese insurtech startup Saladin has raised an undisclosed amount in Series A funding round led by SBI Ven Capital through its joint fund with Kyobo Securities from South Korea and NTUitive from Singapore.

Vietnam-based information technology (IT) services provider FPT, through its subsidiary in Japan, and the Japanese tech firm SCSK Corporation (SCSK) have announced the establishment of a joint venture named COBOL PARK Co., Ltd. (COBOL PARK), to address legacy system challenges.

HTC International Telecommunication JSC (HITC) and Evolution Data Centers announced Tuesday that they have established a joint venture to develop large-scale, artificial intelligence (AI) and hyperscale data centers in Ho Chi Minh City and Hanoi.

Vietnam-based technology corporation FPT and Glassdome, a provider of carbon data management and production monitoring solutions, have signed a memorandum of understanding to jointly drive digital transformation for manufacturers worldwide.

Vingroup has announced the signing of a memorandum of understanding (MoU) with the government of Telangana for a proposed investment of $3 billion, to be implemented in a phased manner for developing a multi-sector ecosystem in the state.

Vietnam-based information technology (IT) corporation FPT is acquiring up to a 10 percent stake in Blueward, formerly ISTN and South Korea’s independent SAP consulting and IT services firm, to reinforce SAP enterprise resource planning (ERP) capabilities and accelerate digital transformation in the region.

Circle Asia Technologies, a credit-led neobank based in Singapore, has announced a strategic collaboration with digital payments firm Visa and fintech firm Pismo, to launch Vietnam’s first artificial intelligence (AI)-powered PayLater card.

Vietnam-based electric vehicle (EV) maker VinFast will invest $500 million to expand its manufacturing facility in India, targeting electric bus and electric two wheeler production.

Xanh SM Laos has signed a strategic cooperation agreement with the Vietnam Business Association in Laos (AVILA) to meet the growing demand for safe, transparent, and environmentally friendly transportation services among the business community in Laos.