Vietnam
Masan Group’s Subsidiary Invests US$105 Million in Singapore’s Trust IQ
Vietnamese conglomerate Masan Group’s subsidiary the Sherpa Company has received the green light to invest US$105 million in Singapore’s tech company Trust IQ, the holding company of Trusting Social. The announcement of Masan’s investment was made in April 2022. Sherpa will
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IFC Invests US$100M in Vietnamese Bank to Expand Access to Home Loans
The International Finance Corporation (IFC) has invested US$100 million investment in Joint Stock Commercial Bank Southeast Asia (SeABank) in a push to create greater access to home loans in Vietnam. With this investment, SeABank is expected to at least double
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Vietnam Retail Investors Embrace Digital Assets with 1 in 5 Owning Cryptocurrency
Vietnam is making waves in the cryptocurrency world as it has become one of the largest markets for digital currencies. With a population of 99.607 million, the country is the 13th largest by population. In ASEAN, Vietnam is second only
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Vietnam’s SMEs Get a Boost from Digital Lending
Even as much of the world experienced recessionary economic winds, the Vietnamese economy continued to be robust, even recording growth out of a dour 2022. Part of that resurgence in Vietnam was a strong import-export boom, and now positive digital
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Gojek Appoints Sumit Rathor as the General Manager for Vietnam
Southeast Asian ride-hailing company Gojek announced that it has appointed Sumit Rathor as the General Manager for Vietnam. Sumit will be succeeding Duc Phung who is the Co-founder and former General Manager of Gojek Vietnam since 2020. Phung will be
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UOB Vietnam Partners Mental Health Startup Intellect to Support Its SME Customers
UOB Vietnam has partnered with mental wellness tech company Intellect to enable its small and medium-sized enterprise (SME) customers to provide well-being support for their employees. The bank said that it aims to develop resilience amongst SMEs which form nearly
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AI, Real-Time Analytics Among Banks’ Top Tech Investment Focuses in 2022
5G, artificial intelligence (AI), microservices and real-time analytics are amongst banks’ top investment focuses this year. These priority areas suggest that incumbents are currently concentrating on improving customer experience, delivering a true digital banking journey and reaching greater business agility,
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Grab Taps Alejandro Osorio to Lead Its Next Phase of Growth in Vietnam
Southeast Asian superapp Grab announced the appointment of Alejandro Osorio as its Managing Director in Vietnam. In his new role, Alejandro will be overseeing the business strategy and operations across all of Grab’s businesses in the country. Alejandro most recently
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Vietnam’s VC Market Matures as Investments Reach Record Highs
2021 was a record year for venture capital (VC) investments in Vietnam, driven by a maturing technology startup ecosystem, an increasing number of later stage investments, and rising participation from both local and foreign investors eager to tap into Vietnam’s
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Thailand and Vietnam Officially Launches QR Payment Linkage
The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) announced that they have officially launched their joint QR payment services as an alternative means of cross-border payments between the two countries. Nguyen Kim Anh, Deputy Governor of
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