Vietnam

Vietnam’s top billionaire Pham Nhat Vuong & family establish $1.7B holding company GSM VN

The family of Pham Nhat Vuong, Vietnam's richest billionaire per Forbes estimation and chairman of conglomerate Vingroup, has founded GSM VN Holding with a charter capital of VND43,313 billion ($1.7 billion).

Taiwan’s Cooler Master plans $3B investment in Vietnam, with 40,000 workers

Taiwan's Cooler Master, a computer hardware manufacturer, has invested $200 million in Vietnam's Bac Ninh province and plans to increase the investment to $3 billion.

Indosat takes Indonesia women-led AI startups to Vietnam for market expansion

Artificial intelligence (AI) innovations developed by Indonesian women-led startups, such as hospital automation tools and inclusive communication platforms, are approaching Vietnam through a regional expansion initiative led by Indonesia-based Indosat Ooredoo Hutchison under its women-focused innovation program SheHacks.

Vietnam to support up to $570K for “unprecedented” digitalization project

Vietnam’s Ministry of Science and Technology is considering financial support of up to VND15 billion (about $570,000) for each “unprecedented” digitalization project.

Foxconn pours additional $39M in Vietnam

Vietnam-based Fulian Precision Technology Component Company Limited, a subsidiary of Taiwan-based Foxconn, has increased its charter capital by about $39.4 million.

Korea’s POSCO Future M to invests $270M in battery materials plant in Vietnam

South Korea's POSCO Future M plans to invest KRW357 billion ($270 million) in building a new factory plant in Vietnam's Thai Nguyen province, to produce artificial graphite anode materials used in batteries.

Vietnam’s Ho Chi Minh City to establish $191M VC Fund

Authorities in Vietnam's Ho Chi Minh City have approved a plan to establish a venture capital (VC) fund aimed at boosting technology startups, commercializing research, and accelerating innovation in key strategic industries.

Vingroup chair Pham Nhat Vuong’s wife becomes chair of Vingroup-linked ride-hailing firm

GSM Green and Smart Mobility JSC (GSM), a ride-hailing service founded by chairman Pham Nhat Vuong of Vietnam's top conglomerate Vingroup, has announced that Pham Thu Huong, the spouse of Vuong, as the new chairwoman.

Dutch semiconductor giant Besi plans €10M to further build production facility in Vietnam

The Netherlands' BE Semiconductor Industries N.V (Besi), a leading global supplier of semiconductor assembly equipment, plans to expand its footprint in Southeast Asia with a new production facility in Vietnam.

Vietnam’s VinEnergo adds 10 GW renewable portfolio in Denmark, Sweden, Philippines

VinEnergo, the energy arm of Vietnam's top conglomerate Vingroup, has secured development agreements for a 10 gigawatt (GW) overseas renewable energy portfolio spanning Denmark, Sweden and the Philippines.