Vietnam

Vietnam's tech giant VNG Group reported adjusted operating profit of VND467 billion ($17.8 million) for the second quarter of 2026, up 86 percent year-on-year, with post-tax profit of VND467billion compared with VND 15 billion a year earlier

Following a multi-year funding winter, Vietnam’s tech ecosystem is undergoing a flight to quality, driven by high talent density, disciplined unit economics, and a "Vietnam+" playbook where startups leverage local engineering talent to build for global markets. According to Vietnam-based venture capital firm Ascend Vietnam Ventures (AVV), early-stage…

The United States-based EXCEL Services Corporation has established EXCEL Services Vietnam, a new subsidiary supporting Vietnam's nuclear power development.

Japan's sogo shosha ITOCHU has established a Global Tech Center (GTC) and formed a partnership with FPT Software, the software contractor under Vietnam's technology giant FPT to drive AI transformation across its overseas group companies.

New U.S. Section 301 tariffs took effect on Friday (July 24) across 60 economies, hitting seven Southeast Asian nations: Malaysia, Cambodia, and Indonesia with a 10 percent additional duty, while Vietnam, Thailand, the Philippines, and Singapore face the higher rate of 12.5 percent.

Vietnam's VinFast loaded more than 5,000 electric vehicles onto two cargo vessels at Hai Phong Port on July 20 and 21, marking the company's 37th and 38th dedicated export shipments in less than four years since its first international delivery of 999 vehicles in late 2022.

Canada-based NEO Battery Materials has received a purchase order for 10,000 units of its 34Ah drone battery cells from South Korea's battery pack manufacturer PM Energy Solution, the former said in a statement on Thursday.

Vietnam should speed up the update of its regulatory sandbox framework for financial technology (fintech) sector as the country has established international financial centers in Ho Chi Minh City and Danang and pursues a double-digit economic growth target.

Singapore's Grab has made a strategic investment in Vietnamese electric vehicle charging company EBOOST, with a target of deploying more than 6,000 charging ports for cars and motorbikes in Vietnam by early 2028.

The Quang Trung Software City (QTSC), the high-tech industrial park in Vietnam's Ho Chi Minh City, and the Singapore Semiconductor Industry Association (SSIA) will collaborate in semiconductor activities.