GS Home Shopping invests $1.2 million in Luxstay. — Photo businesskorea

This is the company’s second investment in an e-commerce start-up based in Viet Nam.

Earlier in January, it poured $3 million into the e-commerce venture firm, Leflair, which focuses on premium-branded products for women, men, children and homes.

Viet Nam is considered one of the fastest-growing countries in the tourism industry, and a favourite destination for Korean tourists thanks to its low costs and diverse tourist attractions.

The number of Korean visitors to Viet Nam rose by 24 per cent in the first three months of the year, exceeding the one-million mark for the first time in the period.

The figure is expected to surpass four million for the whole year. After topping the one-million level for the first time in 2015, the annual number of Korean tourists to Viet Nam rose to 2.42 million in 2017 and 3.44 million last year. — VNS

HCM City, an accelerator for tech start-ups

Robot3T Group of HCM City designs and builds cost-effective robotics and automation products and solutions to meet small and medium-sized enterprises’ emerging needs for smart manufacturing systems.

Startups need to make a name for themselves

Vietnamese startups need to pay attention to their branding strategy if the aim is to "go global".

Is cash flow continuing to head for Vietnam’s startups?

The trouble with Yeah 1 has affected investors’ view on Vietnam’s technology firms, which need more venture funds.