Tech in Asia

VietnamBusiess.TV - Vietnam Business News, Videos and Market Research

Featured Articles

Facebook left 600 million user names and passwords unencrypted

Facebook made a major media announcement on March 21st (Thursday) and said that an internal security review had found that the passwords of hundreds o

Indonesia moves forward with digital transformation in 2019

Indonesia has embarked on a journey to become Southeast Asia’s digital hub next year, as the government announced recently its plan to overhaul the co

EIU study: Asian firms are better prepared than European’s to comply with data-privacy regulations

The Economist Intelligence Unit (EIU) has just released a new report, “ The transparent business barometer: Preparing for the end of easy data” which

South Korean actor Bae Yong-joon invests in Blockchain seafood trade startup

Popular South Korean actor and businessman Bae Yong-joon has invested in blockchain-based seafood trade startup Seamon. Lee Jung-hoon, Chairman of Se

Myanmar’s newest TV channel will feature aesthetic and educational program

Myanmar's newest private TV channel, Fortune TV, a Free to Air Channel has officially launched its operations. Fortune TV is owned by Fortune Broadca

University of Hong Kong and Tencent partner on fintech development

Tencent Financial Academy, a subsidiary of Chinese Internet giant Tencent, has signed a memorandum of cooperation with the University of Hong Kong to

Yo-Ren receives $11 million in new investment and plans for Malaysia & Thailand expansion

Yo-Ren, a Hong Kong retail technology company, announced that it has secured $11 million USD in a new funding round and that it plans to use these fun

The Pros and Cons of Hosting a Website in China

Foreign websites that are looking to target Chinese audience are often presented with the dilemma regarding physical location of their server. There i

HSBC bullish on Asia and plans for invest in Blockchain for Trade Finance

“The prospects for Asia remain bright. Companies are telling us that they’re confident, especially companies in Southeast Asia and the confidence leve

Vietnam to establish National Innovation Centre

The Vietnamese government has officially launch a project that will result in the establishment of a National Innovation Centre (NIC) in Hanoi, that w

Da Nang is Southeast Asia's top beach destination

The Vietnamese central coast city of Da Nang has beaten Phuket and Bali to the throne of most popular beach destination in Southeast Asia in 2018. Ac

Samsung Galaxy S10 facial recognition system can be tricked with photos and web videos

Biometric security website, biometricupdate.com, has reported that the facial recognition capabilities of Android smartphones are being criticized as

AirAsia partners with 500 Startups to launch new venture capital fund

AirAsia, one of Southeast Asia’s leading airlines announced that its digital venture arm, RedBeat Ventures, has establishing a global venture capital

Japanese finance giant Nomura invests in “Smart Contract Auditing Startup”

Japan financial group Nomura has invested in Y Combinator-backed smart contract auditing startup Quantstamp, which as part of a “significant” investme

Hong Kong’s Dah Sing Bank uses biometric authentication solutions

Hong Kong’s Dah Sing Bank (DSB) has announced the phase two deployments of the biometric authentication solutions that have been developed for its mob

Tesla receives $500 million in loans from Chinese banks for its new Gigafactory in Shanghai

Tesla announced that it has signed several agreements with Chinese banks for loan of up to $520 million USD to build its first overseas Gigafactory in

Chen Man becomes the latest “Fan” of the Mandarin Oriental Hotel Group

Chen Man, visual artist, photographer and designer, is the newest celebrity fan to join Mandarin Oriental's 20 year global advertising campaign "He's

VinFast rolls out its first made-in-Vietnam car

Vinfast, Vietnam’s first full-fledged carmaker launched its first “Made In Vietnam” automobile on March 7th and will start trial runs of the new autom

China-Myanmar Economic Corridor gives priority to nine sectors

Myanmar is prioritizing nine sectors covering infrastructure projects under the China-Myanmar Economic Corridor. These nine sectors, part of the Myanm

Huawei files suit against U.S. government over ban on its products

Chinese tech giant Huawei has filed a lawsuit against the U.S. government over a law that prohibits federal agencies from using its equipment. It has

HKTDC – Special Report – Start-ups on High Road to China

The massive business potential China presents was the standout theme at the Panel Discussion on Start-ups & Entrepreneurship during the Asian Financia

Arthur D. Little Report - South Korea is the leader in 5G Commercialization

With 5G network rollouts accelerating, global management consulting firm Arthur D. Little (ADL) has released its 5G Country Leadership Index. Benchmar

Ride-hailing firm Grab secures $1.5 billion in new funding for Indonesia expansion

Southeast Asian ride-hailing firm Grab said on Wednesday that it has secured $1.5 billion in fresh financing from a fund managed by Japan’s SoftBank a

Carlos Ghosn recovering from coercive detention while lawyers work on his defense

Former Nissan chief Carlos Ghosn spent his first day out of a Tokyo detention center, beginning an emotional, psychological and physical recovery from

Vietnamese startup raises $7 million in investment from Silicon Valley

Elsa Speak, an English learning application, has successfully raised US$7 million in funding from Google and Silicon Valley in the US. The successful

Line TV aims to be TV for all Thais

Line TV (Thailand) has outlined a three-year vision to become an online TV platform that will reach all Thai TV viewers nationwide by 2021, along with

How Much Money Do Chinese Influencers Earn vs. International Influencers?

Vietnam’s Vingroup officially launched “The VinTech Korea Research Center” in the City of Daegu, South Korea to research the applications of artificia

Vingroup opens South Korea research center

Vietnam’s Vingroup officially launched “The VinTech Korea Research Center” in the City of Daegu, South Korea to research the applications of artificia

Myanmar’s Opium business is squeezed by market shift towards meth

Myanmar’s government has just released a report that states that the country’s opium business has shrunk by more than 3000 hectares (ha) over the last

Rakuten completes first tests for its new “Virtualized cloud-native mobile network”

Japanese e-commerce and Internet giant Rakuten has reported the success of the first real world test of its new mobile network telecommunications syst

Tmall Targets 1,000 Shops with Leading Cosmetics Brands in 2019

Alibaba's Tmall said at its recently held beauty summit that it is expecting international and domestic cosmetics brands to open 1,000 shops on its pl

Full STEAM Ahead! - Educational toys as an early introduction to coding

China has been actively promoting STEAM education [1] in recent years. Many companies have been quick to spot the business opportunities and lost no t

Vietnammm food delivery service acquired by South Korea’s Woowa Brothers

Vietnammm food delivery service acquired by South Korea’s Woowa Brothers.

Trump–Kim summit is a “Win-Win-Win” for Vietnam

No matter what the outcome will be for the meetings between U.S. President Donald J. Trump and North Korean leader, Kim Jong Un in Hanoi this week, on

JD.com’s drones take flight to Japan with Rakuten partnership

Chinese e-commerce company JD.com is taking its drone delivery system to Japan. Rakuten, the Japanese e-commerce giant, just announced a partnership

China-US Trade Wars - Latest Trade Talks Gives Hope for Agreement

Ongoing trade talks between senior Chinese and US officials give reason continue at the same time the U.S. President Donald J. Trump is meeting with N

The best cities in Asia Pacific for millennials to live and work in

Asia Pacific is the world's millennial hub, home to a staggering 58% of the world's 20 ~ 38-year-old population. The region has evolved rapidly over r

Vietnam extends e-visas to 35 additional countries

Vietnam has added 35 more countries, including emerging tourism markets in Europe, to the list of those whose nationals can visit with e-visas. New co

Singaporean firms selected to design Da Nang City master plan

Da Nang authorities have selected two Singaporean-based firms, Sakae Corporate Advisory Services and Surbana Jurong to assist city authorities in deve

Thailand leads the world in internet banking service access

According to the recently released ‘Global Digital Report 2019’,Thailand is the world’s leader in mobile banking users. The report places Thailand at

South Korean music app Somesing enters partnership with ContentBox

South Korean social music network app SOMESING, announced on Feb. 15 that it has signed a strategic partnership MOU with ContentBox, the largest distr

Singapore releases Asia’s first Artificial Intelligence (AI) Governance Framework

Singapore has released Asia’ first Model Artificial Intelligence (AI) Governance Framework at the recent World Economic Forum (WEF) Annual Meeting, he

Myanmar will launch nationwide QR code payment system this year

The Central Bank Myanmar (CBM) is set to implement a standardized national payment system by this year, according to U Bo Bo Nge, the Vice Governor of

Malaysia’s internet speed jumps up 10 spots in Speedtest’s Global Index

Since Pakatan Harapan took seat as the new government of Malaysia, the new Communication and Multimedia Minister, Gobind Singh Deo, urged all Internet

Fujitsu launches Healthcare Platform to manage health and medical information

Fujitsu, Japan’s leading multinational information technology equipment and services company recently launched the Fujitsu Healthcare Solution Healthc

Vietnam makes it easier to start an airline

Vietnam’s airline industry is looking to compete, expand and grow and it received great news this week when Vietnam’s Ministry of Transport (MoT) prop

Vietnam is the second most popular destination for South Korean property investors

Vietnam is the second most popular destination among South Koreans for overseas property investment with $56.1 million USD invested in 2018, according

CBRE: Thailand’s Real Estate Outlook For 2019 is Uncertain

Global real estate management company, CBRE, believes that 2019 will bring significant changes in the Bangkok property market, including slower growth

Google Stations rolled out in Philippines

Technology giant Google, has partnered with the Philippines leading telecom company, PLDT Inc. and its wireless subsidiary Smart Communications, Inc.

Chinese companies benefit from South Korea's push for renewable energy

South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced on Feb. 14 that it supplied 2,989 MW of renewable energy facilities last year.

Singapore fashion site Zilingo raises $226 million for expansion

ZILINGO PTE, a Singapore-based online fashion marketplace, raised $226 million to fund an expansion into the Philippines, Indonesia and Australia. In

Grab to launch bus services in Myanmar

Southeast Asia’s ride-hailing giant, Grab, will expand its offerings in Myanmar by launching bus services in Yangon, as part of its 2019 plan to impro

Japanese banks unite in cashless-payments service

More than 50 Japanese regional banks in Japan will introduce the new “J-Coin” cashless payment system developed by Mizuho Financial Group Inc. startin

Thailand’s Six Sense’s group bought for $300 million USD by InterContinental Hotels

InterContinental Hotels Group (IHG) has agreed to buy the brands and operating companies of Six Senses Hotels Resorts Spas for $300 million in cash, t

Vietnamese fashion chain Elise acquired by Japan’s Advantage Partners

Japanese buyout firm Advantage Partners, through its Asia Fund, has acquired Elise Fashion, one of Vietnam’s major women’s fashion brands. The transac

Cryptocurrency traders protest Indonesia’s new futures rules

Indonesian cryptocurrency traders are complaining that the government’s new rules on futures trading, which require high minimum capital for traders,

China regulators pause video game applications to clear 9-month backlog

China’s top content regulator, the General Administration of Press and Publications (GAPP), has asked local authorities to stop submitting requests to

Understanding the potential of the China-Mongolia-Russia Economic Corridor

In a effort to determine the potential of the China-Mongolia-Russia Economic Corridor, a key component of the Belt and Road Initiative (BRI), the Hong

Bangkok is Southeast Asia’s 2nd most expensive city to live in

According to a new ranking by cost of living comparison platform Numbeo.com, Bangkok has become the second most expensive city to live in within ASEAN

Singapore’s UOB bank encourages millennials to save money through gaming

Singapore's United Overseas Bank (UOB) is attempting to revolutionize the banking industry as it introduces a new mobile app – TMRW – for millennials

Ride-hailing giant Grab says users can soon stream videos on its app

Southeast Asian ride-hailing giant Grab has announced that Grab app users would soon be able to stream movies and TV shows on its app as a result of a

Marriott Hotels embraces 'Water from air' to turn back Thailand's tide of plastic

Phuket, Thailand (Thomson Reuters Foundation) - Staying at a hotel on the Thai island of Koh Samui in 2015, Meghan Kerrigan noticed the four bottles o

Philippine Residents paid in crypto-currency for cleaning up polluted beaches

Residents of Manila in the Philippines who participate in cleaning up the country’s heavily polluted beaches will receive payment in crypto-currency,

Myanmar Opens Up For Foreign Insurance Companies

Myanmar’s financial regulator will begin granting licenses to foreign-owned insurance companies, allowing them to operate in the market by April of th

Indonesia’s Batam Island wants $60 Billion USD in investment to compete against Singapore

Indonesia wants to re-position Batam Island, just 30 kilometers south of Singapore, as an alternative manufacturing and shipping hub that would compet

South Korean replaces China as Vietnam’s #1 tourist market

South Korean tourists visiting Vietnam have surpassed Chinese tourists for the first time to become the biggest market for Vietnamese in-bound tourism

Trump and Kim will meet in Vietnam Feb 27~28

U.S. President Donald Trump confirmed on Tuesday that he would hold his second meeting with North Korean leader Kim Jong Un in Vietnam on Feb. 27 and

Thai government wants to help telecom operators finance 5G licenses and technology

Thailand’s National Broadcasting and Telecommunications Commission (NBTC) is exploring the feasibility of using funds allocated to research and develo

All Nippon Airways to acquire 9.5% stake in Philippines Airlines

All Nippon Airways, through parent company ANA Holding’s, plans to invest $95 million and acquire 9.5% of PAL Holding’s outstanding shares. PAL Holdin

Vietnam opens its first casino that allows locals to gamble

The Corona Casino, located in Phu Quoc Island, has become the first five-star casino in Vietnam that allows Vietnamese citizens to gamble. The casino

Artificial Intelligence start-up “Cinnamon” raises $15 million USD in funding

Cinnamon Inc., an Artificial Intelligence (AI) start-up based in Tokyo and Vietnam, has successfully raised $15 million USD in Series B funding for it

Direct flights between the U.S. and Vietnam are expected to begin in 2019

According to travel industry reports, U.S. aviation authorities are expected to grant a FAA Category 1 flight rating to Vietnam in February or March.

HSBC’s CEO says ASEAN needs to step up reforms to improve openness

Tony Cripps, CEO of HSBC Singapore, says that Southeast Asia’s fortunes had risen tremendously since the Asian financial crisis in the late 1990’s but

Tesla Puts Faith in China with Shanghai ‘Gigafactory’

“Customers can have my car any color they like, as long as it’s black,” carmaker Henry Ford famously instructed his sales team in 1909. The mass-produ

Time is running out for the U.S. and China trade talks – can a deal be made?

American business experts are worried that with only one month to go before the U.S. and China trade truce comes to an end, there are many subjects th

Bloomberg Innovation Index 2019 – Asia ranks at the top

Asia countries continue to take top honors in the latest Bloomberg Innovation Index for 2019. The index is now in its seventh year, and analyses doz

Singapore ride-hailing app TADA launches in Vietnam

Vietnam’s ride-hailing app market just became more crowded as Singapore-based tech firm Mass Vehicle Ledger (MLV) launched its ride-hailing app TADA i

Oxfam establishes blockchain-based platform for Cambodian rice farmers

Oxfam, a global charity organization, has launched a blockchain-based project to empower farmers in Cambodia by enhancing the transparency and traceab

CPTPP Commission holds first meeting in Tokyo

The first meeting of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) Commission was held in Tokyo and ended with a j

The Philippines says “No” to Go-Jek

Indonesia’s Go-Jek suffered a setback to its expansion plans in early January after the Philippines transport regulator rejected the company’s applica

Laos plans to develop its first ‘Smart City’

According to a report in the Vientiane Times, the Laos government has plans to set up a smart and eco-friendly city in the northwestern Namor district

Alibaba launches second data center in Indonesia

China’s e-commerce giant Alibaba Group, through its cloud computing arm Alibaba Cloud, launched its second data center in Indonesia in early January t

Myanmar to digitize tourism efforts in order to attract Hong Kong and Macao visitors

Myanmar is planning to implement digital marketing to develop the country's hotels and tourism sector and will focus efforts on promotional work to at

Carlos Ghosn denied bail again and faces a long detention while waiting for trial

A judge in Tokyo on Tuesday denied an appeal from former Nissan CEO Carlos Ghosn for release from detention on bail. Ghosn had offered to surrender hi

U.S. / China trade war – U.S. cancels meeting with Chinese trade officials

The trade war between the U.S. and China may have become hotter this week, as the White House announced that it has cancelled a trade meeting with Chi

Thailand’s Ministry of Finance gives four companies ‘Digital Asset’ business licenses

Thailand’s Ministry of Finance has issued digital asset business licenses to four crypto-related firms, according to a notice published by the country

Carlos Ghosn indicted on 2 new charges & expected to remain in detention until trial

Tokyo prosecutors have indicted former Nissan Motor Co Chairman Carlos Ghosn on two new charges of financial misconduct, adding to the legal challenge

Huawei employees arrested in Poland for espionage

Poland's counterintelligence agency has arrested and charged an employee of Chinese tech giant Huawei over spying allegations. According to Polish tel

The World Economic Forum says these are the world's 20 most dynamic cities

Although momentum in the global economy appears to have peaked, there are still many cities in the world where real estate and economic growth continu

Vietnam’s ride-share platform FastGo begins operations in Myanmar

FastGo, Vietnam’s first ride-hailing service has kicked off operations in Myanmar as part of its Southeast Asia expansion plans. Its joint venture wit

Thailand wants to rank as a “Top 30” innovative country by 2030

Thailand’s National Innovation Agency (NIA) has set a goal for Thailand to rank in the “Top 30” of the Global Innovation Index by 2030 through the bra

South Korean Securities Firms Expanding Presence in Vietnamese Market

South Korean securities companies are expanding their presence in Vietnam, an emerging market with high growth potential. Vietnam is the only Southeas

Myanmar’s Mytel signs MOU with Vietnam’s FastGo ride-hailing service

Mytel announced that they have signed a Memorandum of Understanding (MoU) with FastGo, a Vietnamese ride hailing app at the end of December. Mytel wi

Japanese Mizuho Financial Group plans to introduce Digital-currency for cashless payments

Japan’s Mizuho Financial Group plans to introduce a digital currency that will be used for remittances and payments in March 2019. The digital currenc

Shenzhen China expands its green focus with electric taxis

Shenzhen, considered as China’s Silicon Valley, and one of the most modern cities in the country, is proving that the city’s public transportation can

Cambodia’s National Bank Projects 7% Economic Growth In 2019

The National Bank of Cambodia (NBC) has forecast robust economic growth in 2019 and projects the Kingdom’s economy will grow at a rate of 7%, just mar

Softbank increases investment in WeWork ~ but invests less than expected

SoftBank is increasing its investment in WeWork and will investing a further $2 billion USD in the fast-growing coworking company, but the deal, which

Carlos Ghosn declares “innocence” – Judge calls him a “flight risk”

Carlos Ghosn, the ex-Chairman of Nissan Motor Company denied shifting his personal investment losses to Nissan during his first appearance in public s

Malaysia’s Ministry of Education will use blockchain verification system for university degrees

Malaysia’s Ministry of Education (MoE) of Malaysia announced in late 2018 that it is forming a consortium to tackle the issue of fraudulent university

Japan’s Business leaders want the country to reform and innovate

The leaders of three of Japan’s major business organizations, the Japan Business Federation, the Japan Association of Corporate Executives and the Jap