Digital Biz

The startup Insider has been valuated at $1.22 billion and has received Series D funding of $121 million. Headquartered in Singapore, it was established in Vietnam in 2017 with over 35 experienced and highly specialized personnel. It is a strategic partner of nearly 100 businesses, such as VPBank, MBBank, ACB, Bamboo Airways, Vietnam Airlines, BE, Viettel Money, and Vinpearl.

Vietnam’s e-commerce market is posting annual average growth of 17 per cent and by 2025 will reach $57 billion. With more than 97 per cent of enterprises being of micro, small, or medium scale, however, local players still find it difficult to grasp the opportunities on offer. The greatest challenge is a lack of capital to invest in information technology infrastructure.

The Ministry of Information and Communications is piloting the deployment of a “community digital technology team” in localities to promote digital transformation and bring people to the digital environment so they can pioneer the use of digital platforms and digital technology, thereby becoming drivers to promote the government’s stronger digital transformation.

Do Ventures has announced an investment in Ringle’s Series A funding round to support the company's expansion in Vietnam. Headquartered in Seoul, South Korea, Ringle provides online English tutoring services with a team of tutors from leading US and UK universities beginning to serve Vietnamese users from this year.

According to the Ministry of Transport (MoT), progress in implementing information technology investments in the transportation sector remains slow. MoT has therefore directed relevant units to prioritize resources to develop key tasks in e-government and digital transformation.

The Ministry of Science and Technology (MoST) will introduce many solutions this year to support the development of blockchain technology applications in socio-economic fields. According to many analysts, priority will be given to implementing pilot policies for a few businesses implementing blockchain projects and bringing tangible benefits to society.