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/ February 26, 2021

Casinos want to serve Vietnamese at major tourist destinations on trial basis

Businesses in Vietnam have proposed that casinos at major tourist destinations be allowed to serve Vietnamese citizens as a way to help such a service cope with difficulties brought about by the COVID-19 pandemic. The proposal was submitted to the prime minister’s advisory council by the country’s casino business community on Thursday. In the document, local casino businesses stated that the tourism industry has been hit hard by the COVID-19 pandemic due to a sharp decrease in the number of foreign visitors. To mitigate this problem, domestic tourism has been promoted. However, local casinos have not benefited from these promotion plans because Vietnamese people are not allowed to enter these venues. A circular of the Ministry of Finance previously allowed Vietnamese citizens to use services at local casinos on a trial basis, but no specific list of eligible casinos was issued. Only two casinos in Phu Quoc, a tourist island off the southern province of Kien Giang, and Van Don, an island off the northern province of Quang Ninh, have been permitted to serve Vietnamese residents as part of the pilot program. The trial began in January 2019 and would last for three years, before the finance ministry carries out a comprehensive review to make further decisions. The casino business community asked the government to consider allowing this entertainment service at other major tourist destinations, such as central Quang Nam Province and southern Ba Ria-Vung Tau Province among others. Allowing more casinos to serve Vietnamese people will enable the trial to achieve a more objective result, as well as support local businesses in coping with challenges caused by the pandemic. In accordance with Vietnamese law, casinos are only permitted to serve foreigners or overseas Vietnamese with foreign passports. In the pilot program, Vietnamese people who wish to enter and gamble in a casino must be at least 21 years of age, and have full capacity for civil acts in …

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/ February 26, 2021

Skype co-founder invests in Vietnam’s Loship

Loship, an ecommerce-focused logistics startup in Vietnam, on Friday morning announced it has raised an undisclosed amount of funding from Skype co-founder Jaan Tallinn. Tallinn participated in Loship’s Series C funding through his investment vehicle MetaPlanet Holdings. The investment comes four months after the one-hour-delivery e-commerce startup secured capital in a bridge round led by Vulpes Investment Management. This capital injection marks Loship as the first portfolio company of MetaPlanet in Vietnam and Southeast Asia. According to Loship CEO Nguyen Hoang Trung, the fresh capital will be spent on expanding the firm’s delivery network, human resource, technology, and market. “A huge portion of the funding will be poured into upgrading our app and developing technologies in Loship,” Trung said in the company's announcement. “In addition, we will also ramp up our marketing strategies to cement Loship’s presence in the domestic market." “It didn’t take me very long to realize Loship was on to something,” Loship quoted Tallinn as saying in its announcement. “MetaPlanet is planning to pay more attention to the rapidly growing economies in Southeast Asia. So I’m delighted to be off to a strong start in Vietnam by adding Loship as our first portfolio company there.” Founded in 2017, the startup traces its roots to Lozi, a review app that allowed users to find food, beverages, and coffee shops. It was then transitioned into a delivery services platform. Loship has closed its series A and B rounds from investors such as South Korea’s Smilegate Investment, Hana Financial Group, DTNI, and Golden Gate Ventures. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! …

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/ February 26, 2021

HCM City aims to build AI centres at regional level

Ho Chi Minh City plans to build at least two centres for Artificial Intelligence (AI) research and development as well as technology transfer at ASEAN level. It is part of the city’s programme on AI research and development for the 2020-30, which was recently approved by the municipal People’s Committee, aiming to turn HCM City into a hub of Vietnam and ASEAN in the field. In addition, the city will look for qualified personnel in the spheres of data science, big data analysis, natural language processing, computer vision, speech recognition, information security and Internet of Things, among others. The southern economic hub has set a target to raise the number of AI research papers and patents by 20 percent in the period. Vietnam sets a goal of being listed in Top 4 in ASEAN and Top 50 of the world in terms of AI research, development and application by 2030. The target was set in a National Strategy on AI Research, Development and Application by 2030 recently approved by Prime Minister Nguyen Xuan Phuc. The strategy aims at stepping up AI research, development and application to make it an important technological industry of Vietnam./. …

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