Vietnam

VinFast plans to expand into the Southeast Asia electric mobility market

Vietnamese automaker VinFast has revealed its intention to expand into the Southeast Asia electric mobility market with its full range of electric vehicles (EVs). The firm also plans to introduce its first four right-hand drive EVs to the market.

MoMo offers flexible payment options for Apple Store Online purchases in Vietnam

MoMo, a Vietnam-based fintech company, has on Thursday announced that the firm now offers customers of Vietnam’s Apple Store Online flexible payment options, with the launch of monthly Instalments for Apple Store Online.

First shipment of VinFast SUVs arrives in Canada

Vietnamese automaker VinFast has announced the arrival of the first shipment of 781 VF 8 vehicles to Nanaimo port, British Columbia. The first VF 8 vehicles will be delivered to customers from June 2023 onwards.

VinES Energy Solutions to receive $500K technical assistance from Australian Government

Administered under the Australian Climate Finance Partnership (ACFP), the package is aimed at bolstering the development and sustainable production of lithium-ion battery technology for electric vehicles (EVs) in Vietnam.

Vietnam’s VinFast to list in United States via SPAC

Vietnamese electric vehicle maker (EV) VinFast Auto Pte. Ltd. (VinFast) has on Friday announced that it will be listed in the United States via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. (Black Spade).

Indonesia’s Ruangguru acquires Vietnamese live teaching platform Mclass to expand market reach

Ruangguru, an Indonesia-based education technology company, has completed the acquisition of Mclass, an online learning platform in Vietnam that offers live teaching solutions to students. The acquisition is Ruangguru's strategic move to expand its reach and increase its capabilities in the region.

Vietnam’s VinFast receives $2.5B for development

Vietnamese conglomerate Vingroup Joint Stock Company car maker subsidiary VinFast Joint Stock Company has received $2.5 billion in grants and loans to facilitate its continuing development enabling it to achieve its global growth goals.

Vietnam’s Selex Motors raises $3M from ADB Ventures, Schneider Electric Energy Access Asia and others

Vietnam-based Selex Smart Electric Vehicles JSC (Selex Motors) is currently in a $3 million convertible note investment round with ADB Ventures - Asian Development Banks's venture arm, Schneider Electric Energy Access Asia, Touchstone Partners, and Sopoong Ventures.

Vietnam startups funding plunges 49 percent year on year in 1Q, says Tracxn

Vietnam startups have raised a total of $40.6 million in funds in the first quarter, a 49 percent lower as compared to $80.1 million in the same period in the previous year, Tracxn Technologies said Monday.

GSM officially launches Vietnam’s first pure electric taxi firm

Green and Smart Mobility Joint Stock Company (GSM), a company founded by the owner of Vietnamese electric vehicle (EV) maker VinFast, has officially began operating the first pure electric taxi service in Vietnam - Green SM Taxi.