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August 2024: Vietnam

Vietnam in August 2024 saw tech news headlines across items including: the government’s new incentives to develop a presence in electric vehicles manufacturing; the winner concepts from the Qualcomm Vietnam Innovation Challenge; a $300 million loan from India to boost Vietnam’s maritime security; and more.

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Critical tech news, August 2024

Critical technologies, globally: August 2024

  • Vietnam’s VinCSS cybersecurity firm inks MOU with Singapore’s ST Engineering Info-Security to boost cybersec solutions in aerospace / full item
  • Qualcomm Vietnam Innovation Challenge unveils three season 4 finalists working in conversational AI, wearable devices and electric 2-wheel vehicles / full item
  • Japan: Vietnam’s FPT expands in Japan with $200M for cloud AI services and solutions for businesses, looking to launch in 2025 and building on NVIDIA partnership / full item
  • Vietnam: Government is to subsidize electricity prices for the country’s 150K EV charging stations, alongside providing incentives for electric vehicles production and imports / full item
KPMG Venture Pulse Asia Q2 2024

KPMG: Q2 2024 Venture Pulse Asia Report

  • EU-Vietnam Sustainable Energy Transition Programme rolls out accelerator focusing on energy efficiency in industrial, transport and green building sectors / full item
  • Vietnam: Ministry of Info & Comms and Vietnam Chamber of Commerce & Industry in agreement to digitally transform 1M businesses by 2026, with 2030 position as overall context / full item

Vietnam: “…severe shortages of labor in traditional chip economies like South Korea and Taiwan, as well as the US, mean companies are looking further afield for engineers” / full item

  • Singapore-based Antler VC closes 2nd Southeast Asia fund, raising $72M to focus on startups in Singapore, Indonesia, Vietnam and Malaysia / full item
  • India has granted a $300M loan to Vietnam to boost maritime security, alongside discussing cooperation in AI, cloud computing, semiconductors and more / full item
  • Available now: ‘Leveraging Fintech for Women Entrepreneurs in Indonesia, the Philippines, and Viet Nam‘, a July report from the Asian Development Bank / full item
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