08:55 (GMT +7) - Tuesday 23/10/2018

Vietnam Today

Vietnam Frontier Summit 2018 on way

Released at: 15:41, 01/10/2018

Vietnam Frontier Summit 2018 on way

Photo from e27

Second holding of summit to be held on October 6 in Hanoi.

by Minh Do

The Vietnam Frontier Summit (VFS) 2018, the largest event on frontier technology in Vietnam, will be held on October 6 in Hanoi. More than 2,000 attendees, tech startups, and organizations will discuss trends in frontier technologies such as AI, VR/AR, blockchain, and IoT and the impact of these technologies on other industries.

This year’s summit will gather together the brightest minds in Vietnam and Southeast Asia to achieve the following three objectives: strengthen and support frontier tech startups in building a sustainable business; create strong connections between and synergy among stakeholders in the frontier tech ecosystem; and promote frontier tech such as AI, IoT, blockchain and AR/VR and the application of these technologies in actual projects.

“It’s an exciting time for startups in Vietnam,” said Ms. San Luu, Deputy Director at Innovatube. “Asia’s rising dragon has been hit by a strong wave of corporate innovation this year, which saw at least three corporate acquisitions and multiple corporate-startup engagements being announced.”

Another general observation, she went on, points towards traditional retail and institutional investors increasingly exploring tech startups as an alternative investment. There is a growing league of angel investors and syndicates forming as startup news penetrates mainstream media. With these trends backed by macroeconomic fundamentals and a strong base of tech talent, the Vietnam Frontier Summit is back for the second year running and aims to showcase Vietnam as a burgeoning tech hub in Southeast Asia.

“As organizers of VFS 2018, we believe that Vietnam, with its great pool of strong computer science talent and strong entrepreneurship, will become the next hub of frontier tech in Southeast Asia,” Ms. San said. “The partnership with e27 - Asia’s leading tech media platform - will help people in the region become more aware of the deep tech ecosystem in Vietnam.”

Market highlights have included transportation group Phuong Trang acquiring ride-hailing app VATO (formerly VIVU), the BMG real estate group acquiring proptech startup AMI, domestic conglomerate Vingroup acquiring healthcare startup Vicare, ACB Bank hosting the inaugural “Bank Without Walls” Hackathon, and investment management firm VinaCapital launching a $100 million venture capital fund.

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