Vietnam: May 2021

Vietnam’s tech startup news in May

May 2021’s tech startup news summary for Vietnam gathers headlines across subjects including blockchain-based gaming, the Global Innovation Challenge from Expara and FEX Credit, social e-commerce startups, 500 Startups partners’ new Vietnam fund, electric vehicles and more. We’ve also included a snapshot of April’s news headlines to deliver a larger frame of reference for Vietnam’s tech ecosystems.

The tech headlines gathered below outline May 2021’s news, providing Startup News Asia’s readers with:

• an at-a-glance overview of the month’s tech news;
• instant insights into tech and startup ecosystems; and
• 1-click access to the online tech articles behind the headlines.

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• An intro to the 10 startups that recently completed the Vietnam Global Innovation program, delivered by Sinagpore’s Quest Ventures
• Vietnam: Sky Mavis raises $7.5M with blockchain-based gaming, rewarding players with NFTs on flagship game, Axie Infinity
• Vietnam: Nano Technologies raises $3M with VUI app, allowing workers to get pay daily, based on hours accrued, instead of weekly or bi-weekly
• Vietnam: An interview intro to Loship and its moves into e-commerce and deliveries in the country
• Vietnam: A brief overview of the successful recent performance of the country’s proptech firms, backed by companies including Y Combinator
• Fintech startups: FEXcelerate, Innovation Challenge from Expara and FEX Credit, is open for applications focusing on the Vietnam market

• Vietnam’s Startup Wheel International Track now open for applications from international startups keen to explore and expand their business in Vietnam
• Vietnam: Mio social commerce startup raises $1M, focusing on logistics and deliveries for smaller cities and rural areas
• Vietnam: A brief overview of the country’s startups looking at combining gaming with cryptocurrencies
• Vietnam: Ascend Vietnam Ventures launched by 500 Startups partners, looking to invest in broad tech startup space across finance, education, healthcare and more
• Unicorn Pitches Vietnam set for June 21st, with applications to pitch open until June 15th

Vietnam’s tech news: April 2021 snapshot

• Dat Bike electric motorbike startup raises $2.6M with 3 times the performance and twice the range of most competitors, at the same price point
• Touchstone Partners early-stage VC hist first close on $50M fund, looking at Vietnamese startups in the fintech, real estate, healthcare and edtech sectors
• Coin98 Finance gains $4M investment from US’ crypto trading firm Alameda Research, working on decentralized finance protocols and applications
• Ho Chi Minh City to commence 2-year trial of 77 electric buses on 5 routes, accompanied by 9 new stations
• Docosan raises $1M seed funding, led by Taiwan’s AppWorks, with platform and app connecting doctors and patients nationwide
• 2021 Hack4Growth Australia launched by Startup Vietnam Frontier Australia and Vietnam Australia Innovation Network
• Vietnam enters partnership with South Korea’s Naver, country’s largest internet company, in national strategy move aiming for global player status in artificial intelligence