Analysis
Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.
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Deals
FPT plans to use Nvidia’s support to boost AI research in Vietnam.
IPOs & Markets
The company is currently valued at roughly $4 billion.
Vingroup is also considering listing its hospitality unit Vinpearl and GSM, the taxi unit.
Vietnam-based edtech startup Prep has closed a Series A round.
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
Venture Capital
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
Vietnamese food chain Homefarm is backed by Alibaba’s eWTP Technology and Innovation Fund.
Some Vietnamese do not trust TikTok Shop due to concerns over product quality, privacy, and delivery.
Blending digital and physical distribution is vital for SE Asian digital banks, says CEO Coen Jonker.