Kobiton, a mobile testing platform developed by Vietnamese engineers, has successfully raised US$3 million in seed funding from three US companies, venture capital investor Kinetic Ventures, technology company KMS Technology and venture fund Service Provider Capital. Kobiton, a mobile testing platform developed by Vietnamese engineers, has successfully raised US$3 million in seed funding from three US companies, venture capital investor Kinetic Ventures, technology company KMS Technology and venture fund Service Provider Capital. Created in 2016 by a group of five engineers, Kobiton enables companies to test and assess the quality of mobile apps, optimising output and saving costs. This year Kobiton moved to Atlanta, the US, with 40 members, including more than 30 Vietnamese engineers. The company plans to use this first $3 million in external financing to expand sales and marketing to introduce Vietnamese technology products to reach the $50 billion US mobile app market. … [Read more...] about VN mobile testing app raises $3m
Mobile technology marketing
MoIT promotes technology transfer
(VEN) - The Ministry of Industry and Trade will seek ways to promote innovation and technology transfer. According to the Department of Science and Technology under the Ministry of Industry and Trade, in addition to a number of sectors with fast technological innovation such as information technology and telecommunications, oil and gas, aviation, finance and banking, almost all domestic businesses are still using old technologies. The rate of businesses using advanced technologies in the industrial sector only accounts for less than 20 percent of the total. In particular, the garment and textile, footwear and mining sectors are still based on cheap labor, resulting in high export turnover but low added value. According to the World Economic Forum’s latest global competitiveness list released in 2017, Vietnam ranked 55th out of 137 economies, up five places from the previous year and 20 from five years ago. However, Vietnam ranked 79th in terms of capacity for innovation, 90th in … [Read more...] about MoIT promotes technology transfer
Foreign firms enter Vietnam’s payment market, charge low fees
VietNamNet Bridge - While Vietnamese banks are trying to collect fee from clients, e-wallet service providers are not charging fees, or collecting low fees to lure more users, analysts say. There is no gap in technology used by Vietnamese and foreign wallets They noted that many of the world’s big players have joined the Vietnamese payment market. Standard Chartered Private Equity and Goldman Sachs have poured $28 million into MoMo. Many of the world’s big players have joined the Vietnamese payment market. Standard Chartered Private Equity and Goldman Sachs have poured $28 million into MoMo. Linh said that firms with large long-term capital will be able to thrive. Payment companies have to spend big money to familiarize Vietnamese with e-payment methods. The three POS installed there were brought from China and did not register to make payment via the Vietnamese banking system as requested. RELATED NEWS Banking fees increase, e-wallets … [Read more...] about Foreign firms enter Vietnam’s payment market, charge low fees
Vietnam Mobile Day 2018 on way
Along with the development of mobile infrastructure, businesses have invested more in business on the new platform, from upgrading mobile-friendly websites to developing apps. A survey by the Vietnam E-commerce Association (VECOM) in early 2017 found that 19 per cent of businesses have developed websites that are compatible with the mobile platform. According to a report by Zenith Media, in 2012 smartphones and tablets accounted for only 40 per cent of internet traffic, but over the next five years the figure rose to 75 per cent or higher. The breakthrough in user growth creates a solid foundation for the technology industry in general and the mobile industry in particular. EBI reported last year that about 33 per cent of respondents to its survey spent about 20-50 per cent of their total e-commerce investment on the construction and operation of mobile websites and apps. This is an impressive figure that demonstrates that technology development is an important step in the success of … [Read more...] about Vietnam Mobile Day 2018 on way
Mobile payment the next big thing
A number of campaigns are being launched by local commercial banks and their partners to promote the use of mobile payment in Vietnam, Photo: Le Toan No cash and amazingly quick payment are the two major benefits brought by VNPAY’s QR code payment application that are drawing tech-savvy Nguyen Ngoc and her friends to use their smartphones to purchase numerous items on e-commerce platforms, like aeoneshop.com, yes24.vn, and galaxycine.vn. Sales executive Nguyen Ngoc from Hanoi’s Ba Dinh district, aged 28, is one of millions of young users of QR code payment, and is happy with the new payment option. She said that too many times, she had to opt against additional goods she wanted at markets and shops for lack of cash. Ngoc spent an average of around VND3 million ($132) per month on mobile orders using the QR payment method. “I can freely select and pay for my preferred goods through the QR code payment directly connected to my Vietcombank and Agribank accounts. The … [Read more...] about Mobile payment the next big thing
Viettel and Qualcomm Inc. cooperate to develop 3G and 4G/LTE technology in Vietnam
The agreement will help develop Vietnam's economy. According to the agreement, M1 Communication Company is allowed to use Qualcomm’s patents to manufacture and sell finished 3G/4G devices to meet the demand of people in the Industry 4.0 era. With the agreement, Viettel’s company has become one of the original equipment manufacturers which have the permission to approach Qualcomm’s leading mobile technologies. This agreement between the U.S. and Vietnamese businesses will help boost the development of the smartphone industry and the Internet of Things (IoT) of Vietnam as well as assist the Vietnamese Government in reaching targets in Industry 4.0 and in the shifting to the digital economy. Nguyen Dinh Chien, Viettel’s Deputy General Director emphasized opportunities from the agreement and affirmed that it will help the group realize its goal to become a leading original equipment manufacturer in the world by 2020. At present, Viettel is among … [Read more...] about Viettel and Qualcomm Inc. cooperate to develop 3G and 4G/LTE technology in Vietnam
Vietnamobile – the little giant of Vietnam’s mobile telecom market
Vietnamobile, the country’s fourth-largest mobile operator, is making a stunning comeback after spending two years flying under the radar by launching a new product that offers free, unlimited data to subscribers. The company’s ultimate vision, its general director Elizabete Fong says, is to give customers “Unbelievable Freedom” in enjoying their mobile and digital lifestyle. “Groundbreaking,” “disruptive” and “unbelievable” was among the Hong Kong-born excutives favorite adjectives while discussing Vietnamobile’s new ‘Thanh SIM’ during an exclusive interview with Tuoi Tre News on Tuesday. A data-centric world “Since the start of 3G, the whole market has evolved to become more data-centric,” she said, stressing that data is becoming a game-changer for Vietnam’s “very young” telecom market. “Over 50% [of the population] is below 35 years old and we’ve … [Read more...] about Vietnamobile – the little giant of Vietnam’s mobile telecom market
VN app market needs to stay on its toes: experts
Viet Nam’s much vaunted digital access and advantages that arise from it could run out of steam unless it is renewed and made more substantial, experts say. Shoppers test out different mobile devices at a Viettel store on Ngoc Khanh Street, Ha Noi.The majority of Vietnamese mobile users are becoming more and more active in accessing digital content on the mobile platform, and the country is seen as a rising star in the Southeast Asian and Asia-Pacific mobile applications market.However, some tech experts are unsure that this trend can be maintained.Tran Khanh, legal representive and Director of Ha Noi-based tech company TOPS International Jsc., told Viet Nam News that Vietnamese people like new technology and conveniences, and therefore, both young and old generations are hooked on their smartphones.Late last month, the Facebook Official Gaming Agency in Viet Nam, Adsota, released its 2017 report on the country’s mobile advertising market and monetisation of … [Read more...] about VN app market needs to stay on its toes: experts
Mobile pay: the great potential, and pitfalls
Chinese financial services giant Alipay is soon expected to make its debut in Vietnam through the acquisition of leading Vietnamese fintech firms.Nguyen Dang Hung, deputy general director of the National Payment Corporation of Vietnam (Napas), forecasts that by 2020, Vietnam will shift to chip card technology, and major global players like Samsung Pay, Apple Pay, and Google Pay might make forays into the country.Samsung Pay is South Korea’s most favoured mobile payment service, officially deployed in Vietnam in late September last year.In addition to these multinational giants, local banks and fintech firms have been racing to roll out digital payment systems.Currently, the country is home to 25 “digital wallets”, and QR code payment methods have been deployed by 12 Vietnamese banks.Many expected that the entrance of global mobile payment services in Vietnam would create a mobile payment boom across the country, but the reality has proven to be more … [Read more...] about Mobile pay: the great potential, and pitfalls
More banks offer mobile payment services
VietNamNet Bridge - More than 40 commercial banks are providing mobile payment services, while more than 90 million mobile transactions were made in the first nine months of the year, worth VND423 trillion, equal to 153 percent of 2016 and 316 percent of 2015 figures, according to the State Bank of Vietnam. More banks offer mobile payment services SBV deputy governor Nguyen Kim Anh said at a mobile payment conference held recently that the number of cash payment transactions decreased from 14.02 percent in 2010 to 11.45 percent in August 2017. The number of cash payment transactions decreased from 14.02 percent in 2010 to 11.45 percent in August 2017. Tran Cong Quynh Lan, deputy CEO of VietinBank, said that the development of QR Pay would replace traditional payment methods because it brings benefits to all parties. With QR code, buyers don’t need to bring cash and ATM cards when shopping. In addition, the payment method ensures information security because … [Read more...] about More banks offer mobile payment services