Vietnam

Vulcan Augmetics, a Vietnam-based robotic prosthetics firm, has on Monday announced that it has secured seed funding from Singapore-based venture capital firm Quest Ventures.

Society Pass Inc. (SoPa), the Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, has announced an equity line of up to $40 million to invest into operating subsidiaries projected to go public in 2024.

Vietnam’s game developers and publishers VNGGames, Amanotes, and Wolffun Game have levelled up with Google Cloud to establish the country as a global games industry powerhouse.

Society Pass Inc. (SoPa), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, plans to spin out two profitable business units Thoughtful Media Group Inc (TMG) and NusaTrip Inc (NusaTrip) into new publicly-traded companies via Nasdaq initial public offerings (IPOs) in 2024.

Total funding into FinTech startups in Southeast Asia (SEA) fell 74 percent to $229 million in the third quarter of 2023 from $887 million a year ago, making it the lowest funded quarter since 2020, Tracxn said Friday. The drop in funding was largely due to the absence of late-stage rounds in the third quarter of 2023.

Vingroup JSC automaker arm VinFast Auto Ltd, has reported higher net loss in the third quarter despite rising revenues. The firm's net loss for the quarter stood at $622.9 million, representing an increase of 33.7 percent from the third quarter of 2022 and an increase of 19.7 percent from the second quarter of 2023.

Before the #NobelPrize awarded Dr. Kariko and Prof. Weissman, the 2021 #VinFuturePrize was one of the first few global sci-tech awards to honor the work of Dr. Kariko and Prof. Weissman. Furthermore, the VinFuture Prize evaluates work at a broader scale, including many related discoveries to create comprehensive impacts.

Green SM, the pure electric vehicle ride-hailing service of Vietnam’s Green and Smart Mobility JSC. (GSM) announced last Friday that it has reached the 6 millionth ride after only five months of its market launch.

Deep reinforcement learning is expected to advance 80 years of congestion modeling-based research. Scientists demonstrated in what is known as The MegaVander Test that connected autonomous vehicles (AVs) to function as mediators for mixed autonomic transportation with the aim to ease #traffic and conserve #energy.