Digital transformation technologies

One day after the ASEAN meetings, an important agreement between Vietnam’s Ministry of Planning and Investment and the US Agency for International Development (USAID) was signed virtually. Accordingly, the USAID will provide a $42 million budget to advance Vietnam’s economic competitiveness through strengthening the private sector, innovation, the startup ecosystem, and human capital. The agreement will also foster greater entrepreneurship, enable deeper links between Vietnamese startups and global corporations, and lure in investment capital, as well as strengthen high-quality human capital needed for a robust knowledge-based economy. … [Read more...] about ASEAN moves ahead with digital push

SINGAPORE - Media OutReach - 27 May 2020 - Sentient.io, AI (artificial intelligence) and Data Platform backed by the national technology research institution in Singapore, A*STAR and the global technology venture capital, BEENEXT, has announced that it has closed Series A funding from Singapore and Japanese investors. This round was led by Digital Garage Group together with ABC Dream Ventures which is a corporate venture capital firm of Asahi Broadcasting Group Holdings Corporation, a major Japanese TV station, and Leave a Nest Group, the global deep-tech innovation accelerator. To-date, the Company has raised more than USD$5 million investment since its inception in May 2017. … [Read more...] about AI and Data Platform, SENTIENT.IO closed Series A Round led by Japanese digital media enterprises

Along with Viettel, two other mobile network providers – MobiFone and Vinaphone – have also successfully tested 5G in big cities and are planning to produce 5G equipment, including small cell ones, to serve the demand of factories, households, and exporters in the country, aiming to realise the country’s plan of commercialising 5G this year with Vietnamese equipment. … [Read more...] about Homemade tech makes Vietnam top contestant in 5G

Currently, Vietnam is home to 150 fintech firms which act as the lifeblood of the burgeoning financial technology sector. There are approximately 40 peer-to-peer (P2P) lending companies, including a number of so-called loan sharks with abnormally high lending rates, mostly from China. For example, one payday loan shark ran three companies (Vinfin, Beta, and Dai Phat) which provided cash loans via smartphone apps Vaytocdo, Moreloan, and VD Online. These subprime lenders offer loans to individuals who do not qualify by traditional lenders. … [Read more...] about Protecting investors at head of consumer finance concern

The US and Viet Nam had worked closely against COVID-19 and the US Government committed to provide $9.5 million, through USAID programmes, to support Viet Nam's initiatives in supporting businesses, especially the SMEs who were most heavily affected group in the pandemic. … [Read more...] about Administrative reforms will help energise firms after pandemic