It flew 787s to London and won five-star ratings, then its founder was arrested and the money stopped. How Bamboo Airways shrank from 30 aircraft to under ten.
Startup · Topic
Vietnam Company Stories — Page 2
Expert guides, analysis and tool comparisons on Vietnam Company Stories from the kurums.com Startup desk — written for business decision-makers and updated as the market moves.
- 55 guides
- 11 subtopics
- Updated Sep 13, 2026
Vietnam Banking & Finance 5
Vietnam Founders & Conglomerates 5
Vietnam Tourism, Aviation & Hospitality 5
Vietnam Automotive & Mobility 5
Vietnam Telecom, Tech & Startups 5
Vietnam Real Estate & Construction 5
Vietnam Agriculture & Commodities 5
Vietnam Retail & Consumer 5
Vietnam Energy & Utilities 5
Vietnam Electronics & Manufacturing 5
Vietnam FDI, Trade & Global Expansion 5
All guides · page 2
Vietnam Airlines: The Flag Carrier That Needed a Rescue
Built for monopoly, hit by a private rival and then a pandemic: how Vietnam Airlines went to negative equity and what the state rescue really cost.
Vietjet: The Low-Cost Airline That Beat the Flag Carrier
How a private low-cost carrier out-flew Vietnam’s flag carrier in a decade, and why its profits depend on the aircraft it sells as much as those it flies.
Why Vietnam Never Built a Car Industry — Until It Did
Thirty years of missed localisation targets, then a tariff cliff and two founders built a car industry. What Vietnam has now, and what it still lacks.
Xanh SM vs Grab: The Electric Taxi War in Vietnam’s Cities
A billionaire built a taxi firm to buy his own cars and overtook Grab in twenty months. Inside the models, the numbers and the subsidy behind Xanh SM.
The Motorbike Economy: Why Honda Owns Vietnam’s Roads
Seventy-five million bikes, one dominant brand. How Honda came to own Vietnam’s roads, and why the electric challengers finally have an opening.
Thaco: The Assembler That Became Vietnam’s Largest Private Industrial Group
Thaco never designed a car. It built Chu Lai, assembled everyone else’s, and became Vietnam’s largest private industrial group. Here is how the model works.
VinFast: The $10 Billion Bet to Build a Global Car Brand from Zero
VinFast leads Vietnam’s car market and loses money on every car. Inside the $10 billion bet, the Nasdaq listing and the affiliate buyers that keep it alive.
Sky Mavis and Axie Infinity: The Vietnamese Game That Made and Lost a Fortune
A Saigon studio built the biggest blockchain game in the world, then lost $620 million to hackers as its token economy collapsed. What survived.
MoMo: The E-Wallet War and the Cost of Winning It
MoMo spent $430 million winning Vietnam’s e-wallet war, then watched the banks give payments away for free. The pivot to lending is the real story.
VNG and Zalo: Vietnam’s First Unicorn and the App That Beat Facebook Messenger
A games publisher built the chat app that beat Messenger in Vietnam, then spent a decade and a fortune searching for a second business.
FPT: From Food Processing to a Billion-Dollar Software Exporter
FPT changed its core business three times. The software bet lost money for years, then Japan turned it into Vietnam’s first billion-dollar tech exporter.
