by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Automotive & Mobility, Vietnam Company Stories
⚡ TL;DRXanh SM did not exist in March 2023. By the end of 2024 it was claiming a larger share of Vietnam’s four-wheel ride-hailing market than Grab, which had spent a decade and hundreds of millions of dollars building the category. It did so by owning its cars,...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Automotive & Mobility, Vietnam Company Stories
⚡ TL;DRVietnam has roughly 75 million registered motorbikes for 100 million people, and one company, Honda Vietnam, sells around four out of every five new ones. It got there by surviving a Chinese price war in the early 2000s with a bike built to a local cost, then...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Automotive & Mobility, Vietnam Company Stories
⚡ TL;DRTrường Hải Auto Corporation, universally known as Thaco, started in 1997 as a workshop repairing and assembling trucks and grew into Vietnam’s largest private industrial group, assembling Kia, Mazda, Peugeot and BMW cars, building its own buses and...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Automotive & Mobility, Vietnam Company Stories
⚡ TL;DRVinFast went from a patch of reclaimed land in Hải Phòng in 2017 to a Nasdaq-listed electric-vehicle maker in 2023, and along the way abandoned petrol engines, launched in the United States and Europe before it had a stable home market, and burned through well...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Telecom, Tech & Startups
⚡ TL;DRSky Mavis, a Ho Chi Minh City studio founded in 2018, built Axie Infinity, a game in which players bred and battled cartoon creatures as NFTs and earned a tradeable token for playing. In 2021 it became the largest blockchain game in the world, with more than...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Telecom, Tech & Startups
⚡ TL;DRMoMo is Vietnam’s largest e-wallet, with more than 30 million users and a valuation that passed $2 billion in December 2021 when Mizuho led a $200 million round. It got there by spending heavily for a decade: cashback, merchant subsidies, a sales force...
