Vietnam

Sumitomo and SBI Holdings Make Strategic Investment in Vietnam's FPT AI Unit

1 month ago

In a significant development in the tech investment landscape of Southeast Asia, Japanese conglomerate Sumitomo Corporation and SBI Holdings have jointly announced their decision to acquire stakes in FPT Corporation's artificial intelligence (AI) unit, FPT AI. This move marks a pivotal step for both companies as they look to capitalize on the burgeoning AI market in Vietnam, which is becoming an increasingly attractive destination for international investors.

Japan's SourceNext Chooses Vietnam to Navigate US Tariffs on Chinese Products

1 month ago

In a strategic maneuver to sidestep escalating tariffs imposed by the United States on Chinese imports, Japanese tech company SourceNext has decided to relocate its production operations to Vietnam. This timely shift, announced on April 9, 2025, highlights a growing trend among manufacturers looking to mitigate the financial impact of international trade tensions.

Vietnam Faces Looming Crisis as Major Power Firms Teeter on the Brink of Bankruptcy

2 months ago

In a stark warning that underscores the precarious state of Vietnam's energy sector, a prominent business chamber has indicated that the country is on the verge of a wave of bankruptcies among major power companies. The Vietnam Chamber of Commerce and Industry (VCCI) has voiced concerns over the sustainability and operational viability of various energy firms due to mounting financial pressures exacerbated by government policies and declining profitability.

Vietnam Opens Doors to Elon Musk's Starlink with Pilot Service Approval

2 months ago

In a significant move for both the Vietnamese telecom landscape and Elon Musk's SpaceX, the Vietnamese government has officially endorsed the provision of Starlink services on a pilot basis. This decision marks a pivotal shift in the country's approach to satellite internet, ushering in a new era of connectivity for both urban and rural areas.

Vietnam's PM Calls for Approval of Musk's Starlink License to Boost Connectivity

3 months ago

In a significant move aimed at enhancing connectivity across Vietnam, Prime Minister Pham Minh Chinh has proposed that the government grant a license to SpaceX's Starlink satellite internet service. This initiative reflects Vietnam's commitment to advancing its digital infrastructure and facilitating greater access to high-speed internet across the nation.

The US-China Tech War Sparks AI Growth in Southeast Asia: A Focus on Malaysia and Vietnam

6 months ago

As tensions escalate between the United States and China over technology supremacy, Southeast Asian nations, particularly Malaysia and Vietnam, are finding new opportunities for growth, primarily driven by advancements in artificial intelligence (AI). The ongoing rivalry has catalyzed investments and initiatives within these countries, positioning them as emerging players in the global tech landscape.

NVIDIA Expands Reach with New AI Center in Vietnam

6 months ago

In a bold move underscoring its commitment to growth in Southeast Asia, NVIDIA has announced plans to establish a cutting-edge artificial intelligence (AI) center in Vietnam. This strategic decision aims to bolster the company’s footprint in a region that is rapidly evolving into a key player in the global tech industry.

Vietnam Expands Deal with the US: More Aircraft and LNG Purchases Amid New Tariffs

6 months ago

The Vietnamese government has signaled its intent to bolster its economic ties with the United States by committing to purchase additional U.S.-made aircraft and liquefied natural gas (LNG). This announcement comes during a transformative period marked by the introduction of new tariffs that could reshape trade dynamics between the two nations.

Vietnam's Tech Powerhouse Expands AI Footprint with Strategic Move into Japan

6 months ago

In a bold step towards solidifying its position as a leader in the technology sector, a prominent Vietnamese tech company is accelerating its artificial intelligence initiatives by launching new operations in Japan. This expansion marks a significant leap in the company's strategy to tap into the lucrative Japanese market, renowned for its advanced technological landscape and innovation-driven economy.

Vietnam Mandates Social Media Platforms to Verify User Identities

6 months ago

In a significant move to enhance online security and accountability, the Vietnamese government has directed social media companies operating within its jurisdiction to ensure that all users register with their real identities. This new regulation is aimed at addressing the growing concerns surrounding misinformation, online harassment, and cyber threats that have become prevalent on various platforms.