Three Vietnamese startups have been selected by Microsoft to participate in the “Highway to a 100 Unicorns” initiative in the Asia-Pacific region, a scheme that aims to strengthen the region’s startup ecosystem.
M-Service JSC, the company behind the Vietnam’s startup payment app MoMo has raised a new funding round of more than $100 million, DealStreetAsia learned.
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site.
Uniphore, an Indian conversational AI startup, which has achieved a noticeable position in Vietnam since 2018, estimated great potential for the industry in Vietnam, among the fastest-growing economies in Asia despite pandemic.
- Vietnam’s largest payment app MoMo raises $100 mln 1
- On-demand logistics company Lalamove gets $515 million Series E 2
- Vietnam’s voice AI market value estimated at multi-billion US dollars: Uniphore 3
- India's 3rd largest tech firm plans to hire 8,000 employees in Vietnam 4
- Amazon has over 100,000 Vietnamese sellers 5
- Grab hikes fees, drivers worry about lower income, passengers switching to other apps 6
Hindustan Computers Limited, known as HCL Technologies, the third largest tech firm in India plans to employ 8,000 staff members in Vietnam. However, value of Vietnam investment has not been disclosed.
Over 100,000 Vietnamese sellers have successfully debuted on Amazon, with fashion and household goods being some of their best-selling products.
The rail-hailing app Grab’s recent move to increase fees triggered concerns among drivers that they would earn less as passengers switch to other transportation service providers.
Asian Development Bank has selected Consultant Anywhere and Everlearn, two technology products of MVV Education, to implement a specialized COVID-19 business counseling and training program for 500 women-owned SMEs in Vietnam.
Vietnam has imposed a 10-percent value-added tax for each trip by a ride-hailing company vehicle as it seeks to create a level playing field for traditional taxi firms.
Viettel Group announced the launching of 5G commercial trial, becoming the first network operator in Vietnam to provide 5G services to customers after a period of technical tests.
With salaries falling and job prospects becoming uncertain amid the Covid-19 pandemic, young Vietnamese are looking to e-commerce for sustainable incomes.
Vietnam has threatened to shut down Facebook in the country if it does not bow to government pressure to censor more local political content, an official at the social media told Reuters.
Cybersecurity firm Bkav has exported the first batch of security cameras using artificial intelligence to the US market, CEO Nguyen Tu Quang wrote on his Facebook page.
Number of IoT devices worldwide is expected to increase when the era of Internet of Everything has come, leaving an escalating cyber security threats, a Huawei expert warned at a Hanoi conference.
Intermediary payment services provider VNPay has been named the second unicorn startup in Vietnam after gaming firm VNG, a Google, Temasek and Bain & Company e-Conomy SEA 2020 report shows.
Vietnam is among the fastest growing market of internet economy in Southeast Asia, with 16 percent growth last year to $14 billion, according to a Google report.