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.
ThinkZone, the accelerator program with the largest size of investment and support in Vietnam, has opened its 4th Batch providing $500,000 direct investment in tech startups.
ELSA, an app that helps by using speech recognition technology to correct English language pronunciation, announced it has raised a $15 million Series B, led by Vietnam Investments Group and SIG.
AI Inside, a Japanese startup that helps companies convert paper documents into electronic data using artificial intelligence, is entering Vietnam after the COVID-19 pandemic boosted business in its home market.
- ThinkZone Accelerator Batch 04 to invest up to $0.5 mln in tech startups 1
- English learning app ELSA raises $15 million for international growth 2
- Japanese $2.5bn AI startup targets Vietnam after COVID boost 3
- Grab considers U.S. IPO this year to raise at least $2 bln 4
- Vietnam’s largest payment app MoMo raises $100 mln 5
- On-demand logistics company Lalamove gets $515 million Series E 6
Southeast Asian ride-hailing and food delivery giant is considering a listing in the United States this year, encouraged by robust investor appetite for IPO, three sources familiar with the matter told Reuters.
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.
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.
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.
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.