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Vietnam EV maker VinFast plans $2 billion investment in India

TechCrunch

VinFast, Vietnam’s electric vehicle manufacturer, plans to initially invest $500 million to set up an integrated facility in India and break into the world’s third-largest automobile market.

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Vietnam wants to compete with Taiwan by establishing its first wafer fab

TechSpot

It has some serious financial backing as well, with the local government pledging to cover up to 30% of the cost, plus tax incentives. TrendForce reports that the facility will focus on producing specialized chips for high-tech applications like AI, defense tech, and more. A special steering committee led by. Read Entire Article

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Vietnam triples its clean energy goals, aims to get 16% of its power from solar

Fast Company Tech

Vietnam is revising its energy plans to focus more on large solar farms and less on reliance on coal and natural gas. But Vietnam also is emphasizing expansion of large solar farms to meet soaring demand for power generation. But while it’s building clean power capacity, Vietnam is also ramping up use of coal.

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YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam

TechCrunch

The home ownership rate in Vietnam is about 90% , but many millennials are struggling to join that number. Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers in Vietnam an alternative to traditional financing. Homebase co-founders Phillip An and Junyuan Tan.

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Temu faces suspension in Vietnam

TechNode

Cross-border e-commerce platform Temu, a sister app to Chinas Pinduoduo, has been ordered to halt its operations in Vietnam, sources close to the company revealed on Thursday, according to a report from Chinese media outlet Yicai. Temu is currently in talks with the Vietnamese government to resolve the issue. trillion ($1 billion).

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Chip shortage currently affecting "everybody but Apple," report says

TechSpot

The ongoing chip shortage is far from over, and rising Covid cases in key manufacturing countries like Vietnam and Malaysia are not helping a speedy recovery, as governments walk the fine line between protecting their citizens and keeping the local economy from imploding.

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Vietnamese electric motorbike startup Dat Bike raises $2.6M led by Jungle Ventures

TechCrunch

Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its ability to compete with gas motorbikes in terms of pricing and performance. In 2018, he moved back to Vietnam and launched Dat Bike. Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6

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