Digital Biz

Possessing a host of outstanding advantages, focusing on creativity, targeting many groups, and promoting balance in its platform are the core reasons for The Parallel’s successful fundraising of $4.3 million to build an unlimited entertainment metaverse. The Parallel is proud to represent the dream of young Vietnamese about the future, affirming Vietnam’s position in the world.

The Ministry of Information and Communications (MoIC) has announced 35 national digital platforms for Vietnamese digital technology enterprises to research and develop. They are divided into six groups, including digital infrastructure, digital government, core digital technology, and platforms serving different fields.

Japan’s Mizuho Bank will spend ¥20 billion ($170 million) on acquiring a 7.5 per cent stake in M-Service, the owner of MoMo e-wallet, one of the leading payment applications in Vietnam with 20 million users. Established in 2007 and headquartered in Ho Chi Minh City, M-Service is trying to turn MoMo into a super application that allows users to access various services.

Vietnamese startups did not conduct any initial public offerings (IPOs) in the first half of this year. The Saigon Innovation Hub (SIHUB) is therefore conducting a training program on IPOs for startups in Vietnam.

The Vietnam Digital Awards 2021 were held on December 9. Among the 53 winners were tech solutions for Covid-19 and digital transformation achievements in the fields of healthcare, education, banking, insurance, construction, energy, and logistics.

Whydah, a company specializing in blockchain games with the IronSail initiative, has received $25 million from major investment funds. In an effort to promote the development of the blockchain industry in Vietnam and Southeast Asia, it is partnering with seven major game studios in Vietnam and is expected to open a game application center for local game developers.