Vietnam

Vingroup-affiliated GSM VN Holding dilutes Hong Kong holder to 36% as capital reaches $2B

Smart & Green Trans Limited (SGT), a company incorporated in Hong Kong, now holds about 36.17 percent of GSM VN Holding, which is affiliated with Vietnam's ride-hailing service GSM.

Vietnam’s FPT, France’s Quandela to jointly build quantum ecosystem

Vietnam's tech giant FPT and Quandela, a French photonic quantum computing company, will jointly develop quantum technology cooperation and support Vietnam's quantum ecosystem.

VinFast revenue rises 85% to $1.2B in Q2/2026, loss widens to $1.2B

VinFast, the electric vehicle (EV) maker under Vietnamese conglomerate Vingroup, reported unaudited second-quarter 2026 revenue of VND30,340.9 billion ($1.2 billion), up 85 percent from a year earlier, the company said on Monday.

France’s Alstom books €800M for Vingroup’s Hanoi metro trains

France’s Alstom has secured a first-tranche order worth about €800 million ($910 million) for metropolis metro trains within Hanoi's urban rail projects, the French rail-technology company said.

HCMC seeks clarification on power price for $2.1B AI data center

Vietnam's Ho Chi Minh City management board for export-processing zones and industrial parks (HEPZA) has asked the municipality to review and unify power-price guidance for an AI data center at Tan Phu Trung Industrial Park.

Vietnam police seeks Nokia, Ericsson cooperation on 5G, AI, security

Vietnam's Ministry of Public Security seeks to further cooperate with Nokia and Ericsson in technology and workforce training related to 5G, AI, and security.

Vietnam’s steel producer VinMetal, Italy’s Danieli to jointly make railway steel

VinMetal, the steel producer under Vietnamese conglomerate Vingroup, has signed a contract with Italy's Danieli & C. Officine Meccaniche S.p.A. to supply core equipment for a rail and section steel line.

SCEX becomes 2nd crypto exchange candidate in Vietnam to reach VND10T requirement

Sacom Crypto Asset Exchange Joint Stock Company (SCEX) has become the second of five crypto-asset trading platform candidates in Vietnam to reach the requirement of charter capital at VND10,000 billion ($380 million).

Drylab raises $3M seed round to build AI research agents

Drylab AI, an autonomous agent platform for life sciences research, has raised $3 million in a seed round led by Vertex Ventures Southeast Asia & India, with participation from PatSnap.

Vietnam should review foreign-ownership caps, citing Western firms’ past regrets over JV

Many Western companies have significant regret about "entering a certain other very large country" through joint ventures and Vietnam should revise its foreign ownership limit.