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Tech startup True Platform raises $3.5-mln seed funding

Management solutions startup True Platform has raised $3.5 million from several investors, one of the largest seed amounts ever raised by a Southeast Asian company.

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Management solutions startup True Platform has raised $3.5 million from several investors, one of the largest seed amounts ever raised by a Southeast Asian company.

The company said it secured the money from a consortium comprising January Capital, Alpha JWC Ventures, BeeNext, tech giant FPT, and several individual investors.

It was founded six months ago by Pham Kim Hung, and has since developed the management platform Base, which has over 7,000 corporate users in Vietnam.

While Base focuses on staff management, True Platform helps a company work with its customers and interact with other companies.

Singapore-based January Capital has invested in over 40 startups.

Jason Edwards, a spokesperson for the fund, said he appreciated the fact that Vietnamese are seeking to reach the world through their tech products.

“This is a goal that surely needs much time, but it is worth pursuing.”

Hung said: “We understand the fierce competition in the global market and the gaps between our competitors’ and our technology and experience. But we believe that Vietnamese engineers are able to solve problems of a global scale if given the chance.”

Source: VnExpress

Source: https://e.nhipcaudautu.vn/tech/tech-startup-true-platform-raises-35-mln-seed-funding-3345740/

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Vietnam hit by 265 cyber attacks a week

Vietnam came under 6,641 cyberattacks in the first six months of 2022, an increase of nearly 128% compared with the same period last year.

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In 6,641 cyber attacks that caused problems to information systems in Vietnam, there were 1,696 incidents of phishing and 859 incidents of defacement, and 4,086 attacks to install malware, according recent report from the Vietnam National Cyber Security Centre.

On average, in the reported period, information systems in Vietnam suffered 1,107 incidents of cyberattacks each month, an increase of 36.5% compared to the annual average of 2021.

Banks were the main target of phishing campaigns that aimed to collect personal information and payment transaction information of users, according to the Department of Information Security.

From the beginning of 2022, this agency has received about 1,000 reports from people about scams in cyberspace.

In the first months of the year, the department detected and handled 506 scam websites impersonating financial institutions and banks. Support for handling and preventing 1.5 million Vietnamese Internet users from accessing scams and illegal sites.

To ensure for Vietnam’s information systems and cyberspace, in the coming time, the National Cyber Security Center will continue to monitor and actively scan, evaluate, make statistics, and promote cyber propaganda and warning so that users know and avoid the risks of cyber attacks; at the same time, focus on urging agencies to review vulnerabilities and signs of cyber attacks.

Source: https://e.nhipcaudautu.vn/tech/vietnam-hit-by-265-cyber-attacks-a-week-3346487/

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F88 receives the Gold Certificate of Customer Protection

Meeting 7 strict criteria set forth by Smart Campaign (USA), Vietnamese consumer loan provider F88 received a gold certificate of Customer Protection Certificate.

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This is the second time, F88 has received this honor. Seven criteria of Smart Campaign that F88 meets are Suitable products; Prevent excessive bad debt; Transparency; Responsible pricing; Respect customers; Privacy and customer data; Complaint handling mechanism.

The above criteria were established by Smart Campaign in 2013 and coordinated with auditing units such as M-CRIL, MFR to assess compliance at microfinance enterprises, thereby awarding Certificate of Insurance protect customers.

In Vietnam, in September 2019, F88 was the first financial institution to be awarded the Customer Protection Certificate, valid until October 2021. Recently, this business has received a notice to extend the certificate until June 2025.

Due to meeting more than 95% of the total criteria, F88 was awarded a gold certificate – the highest level in the certification system. Up to now, this is still the only financial institution in Vietnam to receive this prestigious certificate.

A representative of F88 said that there are 6 over 7 criteria, including suitable products; transparency; responsible pricing; respect customers; Protecting customer privacy and resolving complaints has been present in all of our transactions for many years.

F88 - Vietnam's only microfinance institution to receive a gold certificate for customer protection.
F88 – Vietnam’s only microfinance institution to receive a gold certificate for customer protection.

That is the comparative advantage, the value of the corporate culture that F88 has worked so hard to build. All customers when using the service at F88 are advised by the staff in detail on how to borrow, loan term and loan amount in accordance with each person’s ability to pay.

All customer information is strictly confidential. Debt settlement activities are conducted internally on the principle of understanding, respecting and creating the best conditions for customers to repay their debts.

In the condition that Vietnam’s microfinance market is still in its infancy, many customers are still afraid to access non-bank loans, this is the most effective way. In addition, despite the complicated developments of the COVID-19 epidemic, the total credit risk in the past three years has remained below 1%, helping F88 meet the criteria of preventing excessive bad debt.

From the above business results and operating principles, internal resources, in October 2021, F88 was assessed by Fiin Ratings as BBB – a promising and stable level.

Currently, F88 has developed nearly 700 stores nationwide, providing a variety of convenient financial services from loan product packages to services such as collection and payment agency, insurance distribution and many other convenient services… F88’s main customers are unskilled workers and those who do not have a bank account and cannot access financial services.

Source: https://e.nhipcaudautu.vn/tech/f88-receives-the-gold-certificate-of-customer-protection-3346384/

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World’s first zero-emission boat visits HCM City

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Energy Observer on the Saigon River, HCM City. — Photo from Toyota

HCM CITY — Energy Observer – the world’s first hydrogen-powered, zero-emission vessel that is self-sufficient in energy – continues its journey in Southeast Asia, with the 73rd stopover of its round-the-world Odyssey being in HCM City, Việt Nam.

Arriving in the Vietnamese southern hub on June 22, the crew plans to present the ship’s autonomous zero-emission system to several hundred visitors, decision-makers, students and school children in collaboration with the French Consulate in the city.

Setting sail from its port of registry of Saint Malo in 2017, Energy Observer has already covered over 50,000 nautical miles, made 72 stopovers, 16 of which have been with its travelling pedagogical village, and visited over 40 countries.

Born out of a legendary catamaran whose many accolades include being the fastest sailboat around the world with Sir Peter Blake, Energy Observer is a laboratory for ecological transition designed to push the envelope concerning zero-emission technologies.

From hydrogen to sun, wind, and tidal power, all solutions have been experimented with, tested, and optimised to make clean energies a practical reality accessible to all.

The main missions of the Energy Observer expedition consist of accelerating transition through innovation by demonstrating how well the onboard technologies and energy mix work in extreme environments and how they can be duplicated on a wider scale both on land and at sea.

In February 2021, the Vietnamese government released a draft of the country’s national power development plan for 2021 to 2030. The plan expands current wind and solar capacity and prioritises enhancing grid infrastructure to ensure stable operation with a higher share of renewables.

Currently, more than half of the country’s electricity generation comes from coal, and about 20 per cent from hydroelectric generation. Other renewable sources account for 5 per cent of Việt Nam’s electricity. This share of non-hydro renewables is expected to reach 25 per cent by 2030, and up to 42 per cent by 2045. —

Source: https://vietnamnews.vn/environment/1253158/worlds-first-zero-emission-boat-visits-hcm-city.html

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