Digital Biz

A new project on population data was launched on May 5 by the General Statistics Office (GSO) and the United Nations Population Fund (UNFPA) in Vietnam, to serve socio-economic development and monitor the country’s sustainable development goals. With a total cost of $1.9 million, the project will be implemented over five years, from 2022 to 2026.

With more than 177.8 million Kyber Network Crystals (KNC), Kyber Network’s market capitalization has reached $1 billion. This is the third Vietnamese blockchain project to achieve market capitalization of $1 billion, after Axie Infinity and Coin98. Kyber Network is a decentralized exchange model that can help customers execute trades instantly without waiting for the corresponding reverse order match.

Blockchain is viewed as having substantial potential in Vietnam but its application remains limited and primarily in the financial sector, while other potential applications such as traceability in agriculture and logistics are being neglected. AlphaTrue will therefore provide a range of solutions to help businesses succeed in digital transformation, especially in blockchain projects, through orientation and development and the building of quality products for the blockchain community.

Vietnam’s e-wallet market continues to grow but at a slower rate, partly due to lingering uncertainties over Covid-19 and market saturation. In the context of fierce competition between existing and rookie players, leaders such as MoMo, ZaloPay, and ShopeePay are attempting to restructure.

The “Top 10 Vietnam Information Technology Enterprises 2022” program has announced the establishment of an information technology (IT) business club for those posting turnover in the trillions of VND. The club not only aims to affirm the stature of Vietnamese tech names but also to build a team of powerful industry leaders to invest in pioneering, market-oriented technologies.

The Masan Group has invested $65 million securing a 25 per cent stake in the Trusting Social Company, an artificial intelligence (AI) fintech business. Headquartered in Singapore, Trusting Social can provide credit scores for more than 1 billion people and is affiliated with more than 170 financial institutions in Vietnam, Indonesia, India, and the Philippines.