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Apple has asked Foxconn to move some iPad and MacBook manufacturing capacity to Vietnam, Reuters reports. Reuters ’ report doesn’t state which iPad or Mac models will be assembled in Vietnam, nor what proportion of Apple’s total production will shift out of China. Photo by Alexander Kramer for The Verge.
At a remote elementary school in the Mekong Delta in Vietnam, until recently, access to safe drinking water was a daily challenge. Urban Taipei obviously has different water infrastructure than rural Nepal or Vietnam. But in Taipei, in heavy storms, the local water supply often quickly becomes polluted.
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
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Nguyen said localization is very important to MindX as it scales into new areas.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Nguyen said localization is very important to MindX as it scales into new areas.
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.
We proudly welcome NGO partners Vietnet-ICT and the Lin Centre in Vietnam, as well as ASEAN Foundation , Kopernik Marketplace , and YCAB Foundation in Indonesia to the TechSoup Global family. They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia.
Kilo , a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In The startup retained thousands of MSMEs in 24 provinces across Vietnam, Ryan Wilber, Kilo’s head of product and engineering said.
Before starting Rino, Nguyen was part of the founding team and chief operating officer of Baemin Vietnam, one of the country’s largest food delivery apps. Before that, he served as Grab Vietnam’s head of GrabBike and GrabExpress. Four years ago, food delivery in Vietnam was slow. Rino’s grocery delivery app.
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. One of Dat Bike’s advantages is that its bikes are developed in house, with locally-sourced parts.
Chinese automaker Geely plans to build a $168 million assembly plant with an annual capacity of 75,000 cars in Vietnam with partner Tasco Joint Stock Company, as the two companies signed a joint venture agreement deal in Hanoi on Monday. stake in Malaysian automaker Proton from conglomerate DRB-HICOM Bhd in 2017.
A few months ago, brothers Hai Nam Bui and Hai Long Bui were developing a bookkeeping app for small retailers in Vietnam. Then a new COVID-19 outbreak hit Vietnam. Since launching three months ago, SoBanHang’s “hyper local e-commerce enabler” has signed up almost 20,000 merchants, many selling online for the first time.
Mio, a social commerce startup focused on smaller cities and rural areas in Vietnam, raises $1M seed. As the only local player, we understand our local customers on a deeper level compared to other regional ones. We are locals and we have our winning playbook. to connect farmers and F&B businesses in Vietnam.
Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. One of the reasons Jeff enjoyed strong growth during the first half of this year was by honing its user acquisition strategy in Vietnam. It also plans to enter the Philippines in the third quarter.
Igloo currently works with 20 global, regional and local insurers across Southeast Asia. It now offers 15 products, including policies for gig workers, gamers, cars and farmers in Vietnam, and says it has facilitated more than 300 million policies and increased gross written premiums by 30 times since 2019.
It also recently expanded into Nigeria, Ghana and Vietnam, among other markets. In some countries where Pillow has partnered with local, compliant on-ramp service providers, users can also buy crypto with their local fiat currency. It focuses on retail investors, enabling them to start with investments as small as $5.
The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. Since Jenfi’s inception four years ago, it has deployed more than $25 million in non-dilutive capital to about 600 companies.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Additionally, we’re seeing local employers interested in hiring both tech talent locally and also remote hiring as well.
For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player? Hire the right people – local and entrepreneurial. You also need true local expertise. Be ‘local’ but don’t overdo it. Having people in-market and on the ground is key in each of these countries.
Glorang will use the Series A to expand its service to Japan and Malaysia by the fourth quarter of this year and Taiwan, Thailand and Vietnam in the following years, Hwang said. Vietnam after-school learning startup Marathon raises $1.5M It also plans to increase its headcount. . The company has a team of 35 in Korea. .
Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. It currently employs more than 61,000 staff. “We strongly believe in the potential of e-commerce in Southeast Asia, in particular the power of technology-enabled logistics to fuel e-commerce growth.
The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. The e-wallet service also serves as a payment channel for B2B, ranging from big brands to local SME owners as well as street market entrepreneurs.
Exporters in countries like Bangladesh, China or Vietnam that have been supplying European companies for years, with stable commercial relationships. Meanwhile, the fintech is also unlocking an asset class for investors and competes with local banks that are much more manual and don’t benefit from increased visibility via network effects.
Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore. After that, it plans to localize Employment Hero for Indonesia, Thailand, the Philippines, Hong Kong and Vietnam.
A lot of new hiring will happen remotely, with companies turning to Vietnam and Indonesia, which have both seen less layoffs, for top tech talent. ” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring.
Founded in 2019, Komunidad has clients in the Philippines, India, Cambodia and Vietnam, and serves multiple sectors, including utilities, agriculture, mining, education, local governments and business outsourcing centers. It’s also been used by local governments to decide school cancellations.
The Seoul-based firm has expanded to China and Vietnam with its smart farm technologies since 2021. It also plans to penetrate to other overseas countries this year by forming strategic partnerships with local agtech and foodtech players, which play similar strategies to Greenlabs, Shin said.
Toward that end, Toss plans to use the proceeds of its newest fundraise to invest in its products, including digital lending and online payment service for individuals and local merchants. . Viva Republica continues to push ahead with its acquisitions. Toss Payments’ monthly trading volume surpassed $ 2.7 billion in November.)
With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. Lai said its localization effort isn’t just focused on supporting multiple languages. The platform brings both emerging and traditional brands to the world of local retail in Asia.
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
This event is a biannual training workshop on information, communication, and technologies for citizen media, community health, and civil society development in Mekong Region and included participants are coders, journalists, and NGO staff from Burma, Cambodia, Laos, Thailand, and Vietnam. The camp took place in Cha-am, Petchburi, Thailand.
The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.
Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. Localized versions of Employment Hero include pre-built employment contracts and policies that comply with local laws.
Xendit’s expansion strategy into new markets, like Malaysia and Vietnam, will rely on solving problems that are unique to each market. Xendit’s edge is combining a global approach with its intense focus on localization, Wijaya said. Philippines payment processing startup PayMongo lands $12 million Series A led by Stripe.
Beam, which currently operates e-scooters and e-bikes in 35 cities across Malaysia, Thailand, South Korea, Australia and New Zealand, aims to spread into markets like Japan, Indonesia, the Philippines, Vietnam and Turkey. .
Specifically, these are Indonesia, Vietnam and the Philippines in Southeast Asia (though Sosrodjojo said SIV II will also look at other countries); Pakistan and Bangladesh in South Asia; Egypt in MENA; and Mexico in Latin America. Another criteria is to back local founders.
It currently covers some 20 countries for receiving money, some of the very poorest and/or least developed places in the world including Bangladesh, Cameroon, DRC, Ethiopia, Kenya, Madagascar, Morocco, Nepal, Nigeria, Pakistan, Republic of the Congo, Sri Lanka, Vietnam, Côte d’Ivoire, Ghana, Guinea, Mali, Senegal and Zambia.
The [Asian] market is still very young, so we also want to set up local offices or teams in the regions like Vietnam, Indonesia, Singapore and Taiwan.”. Additionally, the startup plans to scale out its product team, enter Southeast Asia and launch its service for investors in the Middle East, Choi noted. Image Credits: QuotaBook.
Presently , Wapi Pay works with local banks and platforms in China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. The company claims to be growing at 396% year-on-year since 2019 and has hopes to continue in that fashion.
When you teach internationally, it is important to localize your content and Tharum was able to provide many local and regional examples and tips. The Resource Alliance has been presenting the NGO Awards in Thailand, India and Vietnam for 10 years, but 2017 marked a substantial change in the award program’s focus and delivery.
For unbanked users, Firnando said Verihubs is working closely with Payfazz, which lets customers deposit money with local agents to use for online payments, and BukuWarung, a bookkeeping app for SMEs, to access transaction data. And we’re also exploring expanding into new markets, like the Philippines and Vietnam.”.
There’s a Google of Russia : Its name is Yandex, and it’s selling its media division to, get this, a company called VKontakte, which is considered “the local Facebook equivalent.” We like how CEO Martin Ott put it, “We’ve hacked the brain of a tax accountant into codes.”. Not sure it gets better than that.
” The initial markets will be in Mexico, Costa Rica, Peru, South Africa, Kenya, Uganda and Vietnam, where Apeel’s tech will treat avocados, pineapples, asparagus and citrus fruits like lemons, limes and oranges. . “The value is not just in the longer-lasting produce, it’s in the market access for that longer-lasting produce.”
Discovered more than a century ago in South Sudan, excelsa coffee is exciting cash-strapped locals and drawing interest from the international community amid a global coffee crisis caused mainly by climate change. Coffee as a way out of poverty Still, for locals, the coffee represents a chance at a better future.
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