VinFast zooms past Chinese contenders in Vietnam’s EV race

More: Singaporean biotech startup ArrowBiome scores seed funding. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [The EV race in Vietnam heats up]( - Global travel-booking platform RateHawk opens a Singapore office - Other newsy highlights such as biotech startup ArrowBiome raising US$1 million in seed funding --------------------------------------------------------------- Hello {NAME} There’s not a day that goes by when I don’t see an electric vehicle on the streets of Hanoi. That’s a far cry from just a few years ago, when such a sight would be a rarity. Now, I spend at least a few minutes every day stuck behind a VinFast EV - normally a [GSM taxi]( - while navigating city traffic. Does my anecdote prove the homegrown firm has secured its spot as the leader of Vietnam’s EV market from now until the end of time? Chinese manufacturers certainly don’t think so: While knocking VinFast off its perch will be a challenge, they’re giving it a go. -- Peter  ---------------------------------------------------------------  THE BIG STORY [China EV makers struggle to break VinFast’s hold in Vietnam]( While Chinese EV firms have made big strides across Southeast Asia, they are struggling to compete with VinFast in its home turf. --------------------------------------------------------------- TRENDING NEWS [SG startup raises $1m to help take microbiome care mainstream]( ArrowBiome offers its solutions to personal care companies and specialty chemical manufacturers and mainly targets issues like acne and body odor. [Traveltech firm RateHawk lands in Asia with Singapore regional HQ]( The company offers hotel bookings, flight tickets, and other travel-related services, with its platform in Asia having multilanguage support. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Mapping the EV startups accelerating adoption in Asia]( While China-based startups dominate EV manufacturing in Asia, others are playing catch up and filling in the gaps of the region’s EV infrastructure. --------------------------------------------------------------- TECH IN ASIA X AIRWALLEX STARTUP NIGHT ON JUNE 19 Want to build a startup that doesn't just survive, but thrives? Who you know can be as important as what you know. Get ready to connect with the movers and shakers of Singapore's startup scene - founders and leaders from StashAway, Mintable, KoinWorks, Antler, and more have already secured their spots at this exclusive networking mixer. Will you be joining them? 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