Tech firm successfully calls for investment from Japan, RoK

JAMJA - a technology startup firm in Vietnam - has just successfully called for nearly VND20 billion (US$860,000) from major investment funds of the Republic of Korea (RoK) and Japan.

tech firm successfully calls for investment from japan, rok hinh 0

They include KB Investment - a division of KB Financial Group under KB Bank, the RoK’s Nextrans and Bon Angles venture capital funds, and Framgia – a Japanese information technology group.

Managing director of JAMJA Le Hung Viet said the biggest obstacle that his company had overcome was persuading investors about the potential of its super discount app. 

The successful appeal will help the company focus investment on activities such as developing products and services while expanding markets and increasing the number of customers, Viet said. 

The capital was called at the Pre series A session in July 2018 after the Vietnamese firm joined the Asiabeat competition held in the RoK in late 2017 with the participation of over 100 startup companies. 

JAMJA won the investment prize from Bon Angles – a popular investment fund in the RoK. Seung-ho Chae, a representative from Nextrans, referred to the effective hour promotion in China and the RoK, which has been invested in by reputable venture capital funds. 

The ability to translate ideas into reality with obvious results is a major factor in Nextrans’ decision to invest in JAMJA, he explained. 

Taihei Kobayashi, managing director at Framgia Inc, hailed the potential of JAMJA’s vision and marketing strategy. 

He said his company could provide technical assistance to help JAMJA conquer the market, and believed that JAMJA could change the perception of customers thanks to its wonderful promotion platform and ability to increase the frequency of services usage. 

JAMJA aims to use the foreign capital to develop its key service of hour booking promotion, which is expected to reach 100,000 each month. 

Customers could enjoy a discount of up to 70% for booking at a certain time of the day besides average discounts of 30-50%. Viet said his company is ready for the next capital call at the end of 2018.

VNA

Other News

Private economic sector poised for breakthrough growth

Private economic sector poised for breakthrough growth

More than a year after the Politburo's Resolution No. 68-NQ/TW on private sector development came into effect, expectations now extend beyond increasing the number of enterprises. The goal is to build a stronger business community with greater resilience, larger ambitions and the capacity to compete in global supply chains.

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam remains ASEAN growth leader in 2026 despite global headwinds: WB

Vietnam is expected to remain one of ASEAN’s fastest-growing economies in 2026, supported by resilient exports, strong investment inflows and an ambitious reform agenda, despite mounting global uncertainties, according to the World Bank’s latest Vietnam Economic Update released on May 15.

Ministry establishes monitoring framework for carbon market

Ministry establishes monitoring framework for carbon market

Under a new circular, the exchange of greenhouse gas emission quotas and carbon credits is conducted on the domestic carbon credit exchange through the carbon trading system, which is interconnected with the national registration system.

Biofuel ready for nationwide rollout

Biofuel ready for nationwide rollout

For biofuels, particularly E10, to develop successfully, stronger and more coordinated policies are needed, especially pricing mechanisms capable of creating a sufficiently attractive gap between E10 and mineral-based petrol, an expert has said.

Vietnamese farm produce promoted at African investment, trade forum

Vietnamese farm produce promoted at African investment, trade forum

The 12th Africa Forum for Investment & Commerce (AFIC 12) opened in Algiers, the capital of Algeria, on May 9, drawing around 2,000 participants, including officials, economists, businesses, financial and development organizagtions from 43 African countries and international partners, including Vietnam.

Int'l medical, pharmaceutical expo opens in Hanoi

Int'l medical, pharmaceutical expo opens in Hanoi

The exhibition, which runs until May 9 at the Hanoi International Centre for Exhibition, showcases advanced products and technologies across a range of fields, including pharmaceuticals, drug manufacturing machinery and equipment, medical devices, hospital and clinic services and dental equipment.

Mega projects to transform Ho Chi Minh City urban landscape

Mega projects to transform Ho Chi Minh City urban landscape

Leading the charge in this massive building spree is the new central city square in the core of the Thu Thiem new urban area. Spanning more than 20 ha, it’s the crown jewel of the Central Square and new administrative center complex.

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

Vietnam establishes itself as one of region’s most dynamic manufacturing and supply bases

The country’s stable political and economic environment provides a critical foundation for long-term sourcing strategies. At the same time, Vietnam has demonstrated a strong ability to scale up manufacturing, supported by a continuously expanding industrial base capable of meeting both high-volume demand and increasingly complex technical and quality requirements.

Vietnamese pomelos gain broader access to Australian market

Vietnamese pomelos gain broader access to Australian market

The update by Australia’s Department of Agriculture, Fisheries and Forestry to its Biosecurity Import Conditions system (BICON) on April 10, officially setting out import conditions for Vietnamese pomelos, is regarded as a major milestone in market access efforts.

Vietnam's industry spearheads transition to circular economy

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Vietnamese fresh produce and processed foods are increasingly recognised for their quality, with items such as cashew nuts, coffee and spices gaining popularity among Middle East consumers. In 2025, Vietnam’s farm produce exports to the UAE exceeded 445 million USD, up nearly 24% year-on-year.