ADB: The Role and Future of Digital Economy Agreements in Asia & Pacific
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Indo-Pacific Insight: Trade, supply chains, infrastructure…
Cushman & Wakefield: Asia Pacific Data Centre Construction Costs
December 2024
- Vietnam launches campaign against cybercrime and online fraud, with boosts to internet banking security to come, and increased scrutiny of crypto transactions / full item
- Vietnam: An overview of the country’s growing presence in the gaming industry, seeing projected revenue of near $493M and a 31% increase in employment in the sector / full item
- Vietnam: Bac Ninh province targets site prep for Nam Son-Hap Linh Industrial Park before February’s Lunar NY holiday to speed investment by China’s Goertek electronics giant / full item
- Japan’s Toyota and Vietnam’s Vin Phuc province ink MOU to boost collaboration and investment in key sectors including manufacturing, automotive, and electric vehicles / full item
Vietnam: ‘46.15% of agencies and businesses reported… at least one cyberattack in the past year, with 6.77% facing frequently. The total number…is estimated to exceed 659K’ / full item
- Vietnam has emerged as a burgeoning hub for the semiconductor industry, now home to 174 foreign-invested projects with a total registered capital of nearly 11.6 billion USD… / full item
- Vietnam’s Ba Ria-Vung Tau Province launches feasibility survey for $1.37BN ‘super data center’, and undersea fiber optic cable landing project in the country’s southeast / full item
- Asia Direct Cable commenced operations December 19, making it the highest-capacity undersea cable in Vietnam, doubling the previous cable’s capacity / full item
- Vietnam’s B2C e-commerce exports are projected to hit approximately $5.8BN in value by 2028, with MSMEs set to contribute 25% of this / full item
- Vietnam: A brief look at what the country believes will come from its recent partnership with chips giant, NVIDIA / full item
- In October, Vietnam unveiled the ‘National Strategy on Application and Development of Blockchain Technology to 2025, with a Vision to 2030’, part of its digital economy move / full item
‘…the Mekong is facing increasing pressure from ambitious infra projects, competing interests, and the effects of climate change… Cambodia’s Funan Techo Canal, highlights these challenges’ / full item
- Vietnam’s Holdstation partners China-founded KuCoin to boost blockchain and DeFi adoption in Vietnam, looking at education and collaboration across business, communities and business / full item
- Vietnam: Gov’t inaugurates Core Data Centre Infrastructure, targeting infrastructure as the backbone for ongoing moves in digital government services and data management / full item
- Vietnam: Gov’t suspends online retailers Temu and Shein from operating in the country, with the firms now working to register services with authorities / full item
- Vietnam: NVIDIA and VIetnam Gov’t ink agreement for joint development AI R&D centre, and AI-focused data centre / full item
- Vietnam: Bitget cryptocurrency exchange launches BitEXC, a trading platform for the Vietnam market, with security provisions for user assets including a $300M protection fund / full item
Vietnam: “…remittances were among the key factors contributing to the development of Vietnam [in 2024], along with 421 foreign direct invested projects…” / full item
- Vietnam unveils plans for a $67BN, 1500km high-speed railway connecting Hanoi with Ho Chi Minh City, streamlining internal supply chains in pursuit of manufacturing growth / full item
- Singapore asset manager, Keppel, and Vietnam’s Sovico conglomerate are discussing plans for new SEA undersea cables, tho agreement has not yet been reached / full item
- National Bank of Cambodia, ACLEDA Bank and State Bank of Vietnam launch cross-border QR code based payments / full item
- Dubai’s Damac Group unveils plan to invest $3BN to build data centers across Southeast Asia, seeing the region as a future hub for AI and cloud services / full item
- ADB and Mastercard Impact Fund ink MOU to provide financing for women-led or -owned MSMEs in India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam / full item
Google Cloud Security: Threat Horizons H1 2025 Report
November 2024
- Vietnam: South Korea’s LG Innotek to scale up manufacturing in Haiphong with $268M in new facility investment, targeting smartphone camera modules and optical products / full item
- Vietnam: Hanoi Tax Department has rolled out an AI-powered assistant, aiming to deliver 24/7 access to information via web portal, and the Etaxmobile and Ihanoi apps / full item
“Vietnam is highly vulnerable to climate change. According to the World Bank, the country faces potential economic losses up to 12-14.5% of annual GDP by 2050…” / full item
- Vietnam: Vingroup conglomerate announces establishment of VinRobotics with a charter capital of near $41M, aiming to add to the nation’s high-tech footprint / full item
- Vietnam: Gov’t states that online retailers Shein and Temu must formally register before end-November or face having web domains and apps blocked in the country / full item
- Vietnam: ‘Driving Digital Economy Growth‘ program is announced, aiming to boost digital skills for 20M young Vietnamese, equipping them with livestream and digital marketing skills / full item
- Vietnam: Taiwan’s Foxconn subsidiary, Shunsin, looks to invest $80M in integrated circuits plant in northern Vietnam, adding to Foxconn license for $383M circuit boards facility / full item
‘Semiconductor back-end manufacturing, less capital-intensive than strategic front-end chipmaking, is dominated by China and Taiwan, but Vietnam is among the fastest-growing countries’ / full item
- Temu shopping platform meets heightened government scrutiny in Vietnam, in line with wider SEA concerns over the platform’s impact on domestic businesses / full item
- Vietnam’s VinFast EV manufacturer secures $1BN, led by UAE’s Emirates Driving Company, looking to both boost Vietnam driver training and boost UAE industrial sector / full item
- A deep dive opinion piece comparing developer costs in outsourcing tech work to India versus Vietnam / full item
IDC: How Southeast Asia Buys and Sells (pdf link)
October 2024
- Vietnam: Vingroup conglomerate launches VinVentures VC fund with $150M corpus, looking to back tech startups in critical technology areas / full item
- Vietnam’s FPT tech giant and Nat’l University of Singapore partner on $50M investment in artificial intelligence research and related talent development / full item
- Vietnam: TECHFEST 2024 National Creative Startup Talent Search adds SHE TECHFEST 2024 to identify, support and showcase women in business / full item
- Vietnam’s National Payment Corporation inks MOU with China’s UnionPay International for cross-border QR code interoperability, allowing QR payments between the two networks / full item
- Vietnam is to convert all local networks to IPv6, the most recent Internet Protocol, alongside tech goal announcements on subsea cables, nationwide 5G, home fiber, and more / full item
- Vietnam: A brief listing of the 40 final round project awards from the 2024 Women’s Startup Competition / full item
- Vietnam: A brief overview of the recently-opened Ho Chi Minh City Creative Startup Hub project, aiming to gather innovators with coworking, events, networks and more / full item
- Vietnam: An overview of the finalists from the recent Women’s Creative Startup and Green Transformation component of the 2024 Women’s Startup Competition / full item
- Vietnam: Lotte Ventures, VC arm of Lotte Group conglomerate, gains gov’t approval for local VC fund, looking to invest in tech-driven startups / full item
- Delegates from Vietnam’s Da Nang met with Australia’s NSW Investment and Stone & Chalk innovation community to discuss cooperation and knowledge-sharing / full item
“Between 2024-2030, Vietnam aims to become a global center for semiconductor human resources and establish basic capabilities in research, design, production, packaging, and testing.” / full item
- Vietnam is to produce Meta virtual reality headsets from 2025, creating 1000 jobs / full item
“Indonesia and Vietnam are currently leading the manufacturing and trade flow shifts… In 2023, Indonesia received about $33BN in greenfield manufacturing FDI and Vietnam about $16BN…” / full item
- Thailand: The Australia Room opens its doors, a forensics training hub for police forces from Cambodia, Laos, Thailand and Vietnam, focusing on cyber-scams and crime networks / full item
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