Digital Biz
Vietnam's semiconductor industry requires more talent
Human resources remain a major obstacle for Vietnam establishing a stronger position in the global semiconductor industry.
Digital Biz
Australian unicorn unveils three strategic pillars in Vietnam
Design platform Canva has officially entered the Vietnamese market, introducing its Canva AI 2.0 ecosystem and plans to develop 500 Vietnamese-localised fonts for local users.
Digital Biz
PM leads committee on science and technology, innovation, digital transformation
The committee serving as an inter-agency coordinating body tasked with advising the government on major issues related to national strategies, policies and programs in science, technology, innovation, digital transformation, and administrative reform.
Novaon Capital & FPT Capital come together
Novaon Capital - the first investment fund to apply AI technology in Vietnam - has announced a strategic cooperation arrangement with FPT Capital - a professional fund management company with major assets - to provide digital financial investment solutions using AI technology. The arrangement is expected to bring positive changes to the digital finance industry and promote digital finance in Vietnam’s investor community.
Jio Health picks up investment from Heritas Capital
Vietnam-based healthcare startup Jio Health has completed a $20 million Series B funding round led by the Singapore-based investment fund Heritas Capital. The capital will help it boost its ability to provide medical examination and treatment services to more people and on a larger scale.
Half of schools and hospitals to use non-cash payments
The Ministry of Information and Communications (MoIC) will issue a plan to support and promote digital transformation and non-cash payments in schools and hospitals. Half of all schools, educational institutions, hospitals, and medical facilities are to start using digital platforms for non-cash payments this year.
Digital shopping and payments rising sharply
With 53 million digital consumers and seven out of ten consumers having digital access, Vietnam is among the fastest-growing market in Southeast Asia. The total value of e-commerce purchases is expected to reach $56 billion by 2026, an increase of 4.5-fold compared to 2021. The e-commerce sector grew 53 per cent last year.
Preparations made for FTA portal
An inter-ministerial working group has been established to prepare for the operation of the Vietnam Free Trade Agreement Portal (FTAP). The portal has been researched and built since March 2019, with technical support from the Australian Government and management from the World Bank (WB). It is expected that the FTAP will soon be handed over from the WB to the Ministry of Industry and Trade (MoIT) for operations, upgrading, and development.
New startup investment fund founded
The ThinkZone II Fund, with capital of up to $60 million, has been founded by ThinkZone Ventures, which is the largest domestic startup investment fund in Vietnam, with contributions from Vietnamese corporations and entrepreneurs including the IPA Investments Corporation, Phu Thai Holdings, the Stavian Group, and others. The fund will support accelerating the growth of startups to stay ahead of development trends in technology.