Malware brought Vietnamese users a total damage worth $902 million, up 40% from $643 million damage in a year earlier, Vietnam’s cybersecurity firm BKAV said in a report.
The State Bank of Vietnam has decided not to cap 49% foreign ownership at fintech firms and is seeking approval from the Government, it said in a statement posted on website.
Leading Vietnamese wireless carrier Viettel has developed its own 5G equipment, enabling the company to bypass the fifth-generation communications devices supplied by China's Huawei Technologies.
Vietnam has suggested selling homegrown 5G equipment to the U.S., which refuses using technology from China’s Huawei Corp. for national security.
- Vietnam’s central bank scraps plan to limit foreign ownership at fintech firms 1
- Viettel develops native 5G tech to lock out Huawei: Nikkei Asian Review 2
- Vietnam offers to sell homegrown 5G equipment to U.S. market 3
- Apple partners Pegatron to set up production in Vietnam: Bloomberg 4
- Vietnam plans to launch commercial 5G services this year 5
- Foreign fintech investment restriction could hinder Vietnam’s development 6
Taiwan's Pegatron Corp. plans to set up production facilities in Vietnam, becoming the latest Apple Inc. assembly partner to establish a presence in the Southeast Asian nation as they diversify beyond China.
Vietnam plans to launch commercial 5G mobile services this year, following world leading countries in telecommunication infrastructure upgrade to promote digital transformation, said the Ministry of Information and Communications.
Vietnam should build a clear legal framework for the development of fintech which is a catalyst for innovation worldwide while e-payment is key element for digital transformation of the economy.
Luxshare Precision and Goertek, two Chinese companies who create components for Apple's AirPods, are in talks with banks for funding to expand production in Vietnam.
Vietnam has been surging to the front of Southeast Asia’s fintech race with participation of an estimated 120 companies and brands from services, wealth management to blockchain and digital payments.
Vietnam's startup on online bus ticket booking VeXeRe has raised an undisclosed amount from South Korea’s Woowa Brothers, Ncore Ventures, Access Ventures, and another investor whose name could not be ascertained.
Browser and search engine company seeking funds to reach target of 30 million mobile users next year.
Fintech industry insiders are concerned that Vietnamese government could be sued for imposing 49% foreign ownership limit at local fintech firms.
As competition in the mobile wallet sector is heating up with new operators, big names in the industry continue to step up their game in the race for dominance.
Vietnam’s fintech firms secured two of the top three largest funding deals in ASEAN in 2019.
Vietnamese electronic wallet and payment application Momo jumped 48 places to 36th position in the top 100 global innovative fintech firms this year.
Vietnamese coder Nguyen Ha Dong, creator of Flappy Bird rejected his plan to retire when having $1.1 million target he had placed before the viral mobile application was born.