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...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Telecom, Tech & Startups
⚡ TL;DRVNG started in 2004 as VinaGame, a company that licensed a Chinese martial-arts game and sold prepaid cards through internet cafés, and became Vietnam’s first technology unicorn when a 2014 valuation put it above $1 billion. Its defining product is Zalo,...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Telecom, Tech & Startups
⚡ TL;DRFPT was founded in 1988 by thirteen scientists as a food-processing technology company, drifted into computer distribution, and in 1999 made a bet on software outsourcing that took most of a decade to pay. Today FPT Software earns more than $1 billion a year...
by Ekrem Duman | Sep 13, 2026 | Startup, Vietnam Company Stories, Vietnam Telecom, Tech & Startups
⚡ TL;DRViettel began in 1989 as a small construction unit of the Vietnamese army laying cable for the incumbent, and is today Vietnam’s largest telecom operator and its most valuable brand, with group revenue on the order of VND 190 trillion (roughly $7.5...
