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September: Vietnam

Vietnam’s tech news headlines in September 2024 captured items including: the opportunity for Vietnamese talent in the global blockchain industry; new Vietnam-Australia links for market access; the newly-launched Vietnam Private Capital Agency and its investment goals; Google’s likely data center investment in Vietnam; and more.

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AsiaPacific Data Centers

Cushman & Wakefield: Asia Pacific Data Center Market H1 2024

  • SpaceX has proposed a $1.5BN investment to bring Starlink to Vietnam / full item
  • Vietnam: Techsauce Global Summit 2024 Ho Chi Minh is set for October 10th, building on the success of the recent home-country edition in Thailand / full item
  • Vietnam: An overview of Vietnam’s 10 proposed undersea cabling projects, and concerns around possible participation of a number of China’s cable ecosystem firms / full item
  • Vietnam: BlockchainWork talent community raises $87K, looking to position Vietnam to address the global blockchain industry talent shortage / full item
Economic impact of GenAI

Generally Faster – the economic impact of generative artificial intelligence

  • Vietnam’s NextBold Capital private equity firm looks to raise $100M fund to back SME’s in Vietnam, Cambodia and Laos / full item
  • Vietnam: VinCSS, a cybersecurity firm backed by Vingroup, gains 3 world-first certificates for IoT security under the FIDO Device Onboarding open standard / full item
  • Vietnam Private Capital Agency, founded by private capital leaders, has launched with the goal of delivering $35BN in private investments in Vietnam by 2035 / full item
  • Vietnam: Google reportedly considering construction of hyperscale data centre in South Vietnam, the first major US tech company investment in the country / full item
  • Indonesia’s GoTo to close Gojek on-demand ride-hail, delivery and courier business in Vietnam, cutting losses in the face of broadly unprofitable operations / full item

…44% of GenAI startups are based in Singapore, followed by Vietnam (27%), Indonesia (13%), Thailand (7%), Malaysia (6%), and the Philippines (3%)… / full item

  • Thailand’s Krungsri and Japan’s MUFG ink MoU with banks from Vietnam, Indonesia and The Philippines to coordinate market entry for Thai firms across ASEAN / full item
  • Australia: NSW startups gain SE Asia market access with International Landing Pads agreements in Vietnam, Indonesia and Malaysia, and reciprocal access / full item
Critical technologies September 2024

Critical technologies in the news, globally, in September 2024

Asia Tech Weekly newsletter

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