The loan from Deutsche Bank AG includes a provision that would allow financing to increase to as much as $100 million, Be Group’s Chief Executive Officer Vu Hoang Yen said in an interview in Hanoi. The funds will be used to expand and enhance its primary services, which include ride-hailing, food deliveries and digital banking.
July 2022 | August 2022 | September 2022
Asia’s tech newsletter, weekly on Substack
in September 2022
- Vietnam: Be Group ride-hail firm gains loan facility of circa $60M with sights on challenging Grab domestically, building on 20M app instals and growth in rides, deliveries and digital banking services
- Vietnam and The Philippines take top spots in Chainalysis report on global cryptocurrency adoption, with Asia and emerging markets leading overall
- Social commerce accounted for about 44% of SE Asia’s $109BN e-commerce market last year…Vietnam led the region, with social commerce accounting for 65% of its $22BN online retail economy…
- Vietnam’s ICT major, FPT Software, unveils new subsidiary, FPT Semiconductor, entering the semiconductor industry with circuits designed in Vietnam and manufactured in South Korea
- Singapore’s Buy2Sell B2B platform partnered by Mastercard for cross-border payment solutions in Vietnam
Chinese Cybercrime in Neighboring Countries / Report
in August 2022
Deloitte: Digital Trade in Asia Pacific (pdf)
- Vietnam: BNB Chain launches Web3 Stars program in Vietnam, seeking projects to take their next step in Web3 – registration window is just one week, closing August 20th
- Vietnam-Singapore Icetea Labs partnered by Polygon and Alpha Venture DAO for its web3 accelerator, focusing on SE Asia based projects
- Vietnam: Apple supplier Foxconn inks $300M MOU with Vietnamese developer to expand facility in country’s north, aiming to boost production, diversify and mitigate China risks
- Vietnam: Techfest Haiphong 2022 innovation week and startup festival set for September 27 to October 4
Deloitte: Digital Governance in Asia-Pacific (pdf)
in July 2022
-
- Vietnam: Loship one-hour-delivery e-commerce startup reportedly now seeking debt financing instead of Series C equity funding in response to challenging environment
- Vietnam: Ascend Vietnam Ventures, seed-stage VC firm, exceeded its $50M target for flagship AVV Alpha early-stage fund, looking at a broad technology base
- Testing, testing… We’re on Substack, and issue 1 is out now – quick tech news from across Asia for a time-poor readership
- Vietnam: Global Blockchain Congress Southeast Asia edition runs July 11-12 from Hanoi, a closed-door event connecting investors and blockchain projects seeking funds
- Vietnam: Azota education-tech raises $2.4 pre-A funding with platform allowing teachers to create and grade tests, with real-time exam proctoring and student performance tracking
- A look at Vietnam’s Tepbac, bringing software and IoT to shrimp farming, and one of 10 startups selected for the GROW Impact Accelerator 2022
- GIA Ho Chi Minh City Acceleration Programme applications are open now for Singapore-based startups keen to step into Vietnam
Chinese Cybercrime in Neighboring Countries / Report
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- On Twitter: Wade K Wright / Asia’s tech news on Twitter
