H.C. Starck Tungsten Powders (HCS), a wholly owned subsidiary of Masan High Tech Materials, announced to invest $53 million into Nyobolt Limited, a fast-charging Li-ion battery solutions company.
With a total committed fund size of up to $60 million, ThinkZone Fund II is the largest venture capital fund in tech startups founded by Vietnamese entrepreneurs and notable conglomerate owners.
The investment helps enhance the manufacturing of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and 10th Gen Intel Core processors.
Disruptive technology is changing the face of the global hospitality sector and it is definitely transforming Vietnam’s budget hotel industry in one way or another. To see how it is happening right now, Troy Griffiths, deputy managing director at Savills Vietnam, will give an insight into how tech has been driving the budget hospitality and opening up opportunities for the tourism industry as a whole here.
The new funds will be used by the hotel management and booking platform for new markets and hotel staff training, as well as building a second tech hub in Vietnam, its second after India.
The fund will be used to create thirty high-growth, enterprise tech startups in Southeast Asia. Hands-on mentoring will be provided across cities including Hanoi and Ho Chi Minh City.
It is totally normal for startup businesses to make losses in the early years, as long as investors see a light at the end of the tunnel for these to reach profitability at a point in the future.
If Vietnam wishes to draw in more quality foreign investment, particularly in the field of high tech, there definitely is the need for the nation to improve its institutional and legal reforms, say representatives of foreign business community
VinTech Korea is part of Vingroup’s ambition to become a technology giant.
Prime Minister Nguyen Xuan Phuc suggested Samsung to keep expanding its business, eventually to turn Vietnam into the largest strategic hub of the tech giant.
The future would be driven by the startups whose businesses are led by young people that is why Vietnam has so much potential in today revolution since Vietnam’s population is very young and most of them are high tech entrepreneurs, according to Datuk Yasmin Mahmood.
Bitcoin and other crypto-currencies may never be a practical alternate to mainstream currencies due to its unsteadiness, the underlying blockchain technology has various potential uses especially for real estate sector, according to the leading real estate consultancy Savills Vietnam.
VinaCapital has just launched a $100 million tech-focused venture capital fund, aiming to help fledgling startups and small and medium sized enterprises in the technology field, of which FastGo and LOGIVAN, two startups on technology solutions in the field of transportation will be its very first investment.
CEO of SEVIT TECH, a high-tech industrial diagnosis equipment manufacturer, Thomas Choi said that Korean and Vietnamese enterprises have a lot of things in common, especially the spirit.
