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Q2 2024: Vietnam

The Q2 quarterly snapshot of Vietnam’s technology headlines, covering Vietnamese tech news in April, May and June of 2024.

In June 2024  |  In May 2024  |  In April 2024

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June 2024 in Vietnam

  • Vietnam: Gov’t moves to boost use of VN domain in bid to stimulate industry growth locally and boost overseas presence in digital fields / full item
    • “The Vietnam Internet Network Information Center (VNNIC) reports that after 30 years, Vietnam boasts over 610,000 domain names with the ‘.vn’ suffix. This positions the country as second in ASEAN, tenth in the Asia-Pacific region, and 40th globally. However, only 25% of Vietnamese businesses have registered to use the ‘.vn’ domain name, significantly lower than the 70% seen in developed countries.”
  • Vietnam: Finance committee recommends imposition of new tax on imports of low-value goods sold by e-commerce sites / full item
    • “Statistics from state-run Vietnam Posts and Telecommunications Group, better known as VNPT, indicated that in March 2023, some four or five million orders were transported from China to Vietnam every day on average. Each order was valued at VND100,000 ($3.9) – VND300,000 ($11.7).”
  • Vietnam’s SeABank and Visa boost partnership with new agreement on developing digital payments and services / full item
    • “This cooperation aims to facilitate SeABank’s delivery of the best solutions, improvement of data capacity and expertise to open up new opportunities for advancements, thereby accelerating SeABank’s payment services development strategy.”
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May 2024 Tech News from Vietnam

  • A brief intro to Vietnam’s Bootloader Studio, combining AI and spatial computing to create responsive ‘digital pets’ for the Apple Vision Pro / read it here
  • Samsung to boost annual Vietnam investments to $1BN to increase the number of Vietnamese firms in the Samsung Electronics supply chain / read it here
  • Vietnam’s VNG becomes NVIDIA cloud services partner, with Thailand data hub implementations and $200M AI-focused factory in the pipeline / read it here
  • Vietnam’s VinCSS and China’s GoGoByte ink MoU around development and deployment of cybersecurity solutions for the EV market, in line with international regulations / read it here
  • Vietnam: SKC, chemicals arm of South Korean SK Group conglomerate, breaks ground on biodegradable plastics plant in Vietnam, expected to be the largest in the world / read it here
  • Vietnam: A brief dive into key items in the recently-approved ‘Information And Communication Infrastructure Plan For The Period Of 2021–2030, With A Vision To 2050’ / read it here
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April 2024 tech news: Vietnam

  • Vietnam: Kamereo B2B food sourcing platform raised $2.1M, seeing supply chain opportunities in Vietnam’s fragmented and fast-developing market / read it here
  • Vietnam: An interview intro to NativeX English language learning platform focusing on working professionals and targeting uptake by 10 million domestic users / read it here
  • Qualcomm Vietnam Innovation Challenge 2024 unveils 10 startups selected, working on solutions in robotics, healthcare, wearable tech and more / read it here
  • Vietnam: South Korea’s smart farm firm, Avalve, inks MOUs to bring AI-optimized agriculture to Vietnam / read it here
  • Vietnam: Alternō secures over $1.5M with thermal energy storage using ‘sand battery’ tech focusing on agricultural applications / read it here
  • Vietnam: A quick intro to Kilo, B2B e-commerce platform that recently raised $5M Pre-A funding to digitally connect wholesalers with MSMEs / read it here
  • Vietnam: Tech in Asia’s Saigon Summit to feature Startup Showcase for Vietnam tech startups – applications close April 22nd / read it here
  • Vietnam: Saigon Summit from Tech in Asia – May 30th / read it here
  • Vietnam: Viettel, part of Military Industry & Telecoms Group, set to play larger role in the country’s moves to develop a domestic semiconductor chip industry / read it here
  • Vietnam: South Korea’s Woori Financial Group opens DINNOlab – Digital Innovation Lab – Vietnam Center in Hanoi, part of Woori startup discovery and development program / read it here

“Central to the work plan are ambitious targets, including the development of 48,000 digital technology enterprises across localities and the adoption of digital platforms by 60% of businesses in industrial parks… / read it here

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