Vietnam

Germany's Siemens Mobility has signed a turnkey contract worth up to €1 billion ($1.15 billion) with Vietnam's VinSpeed to supply trains and rail systems for two high-speed lines.

UnionPay says its acceptance network now spans all ten ASEAN countries and more than 38 million QR merchants as it expands cross-border payment links across the region.

Bonbon Mobility, a Vietnamese platform connecting car owners with garages and car-care providers, has raised $500,000 in a pre-seed round led by conglomerate Tasco, with GenAI Fund co-investing.

In May, Vietnam's Ministry of Finance said the country's official digital-asset exchange could see its first activity as early as the third quarter of 2026, with five companies making preparations.

Vietnam's conglomerate TNT Group and the United States-based data-center developer Infrakey DC Parks will jointly study building data centers in Vietnam of up to 1,000 MW.

Canada's Enablence Technologies has raised C$25 million ($18 million) to expand production of optical chips at its California plant and a Vietnam facility run in collaboration with ShunYun Technology, an unit of Taiwan's Foxconn.

South Korea's ITM Semiconductor recovered about KRW3.5 billion ($2.47 million) out of an employee embezzlement worth KRW13.2 billion at its Vietnamese subsidiary ITM Semiconductor Vietnam.

Italy's export-credit agency SACE has guaranteed a $200 million loan for VinFast's Vietnamese unit, in order to expand Italian exports to Vietnam as the electric-vehicle (EV) maker seeks capital.

In an interview with TNGlobal for the Discover Vietnam Tech series, Fairthorne discussed why finance professionals are investing in solar, how rooftop power fits into Vietnam’s energy grid, and the largely untapped market for surplus electricity.

VinFast, the Nasdaq-listed Vietnamese electric-vehicle (EV) maker, will buy a real-estate company from its founder, billionaire Pham Nhat Vuong, for about $1.2 billion, in order shore up its finances.