Nguyen Hoa Binh, a pioneer technopreneur

In 2004, Binh founded PeaceSoft, which operated in software development. In 2005, he started studying the models of eBay and Alibaba, and successfully raised capital from IDG Ventures Vietnam to set up the first online marketplace which immediately secured a strong foothold in the e-commerce market in Vietnam. PeaceSoft was then selected by eBay as its local partner in Vietnam.

Nguyen Hoa Binh, the founder and chairman of NextTech Group of Technopreneurs. Photo: Thanh Giang Binh speaks about investment in AI-powered startups in Asia. Photo: Tran Thanh Giang Young people are interested in his talk about investmentin AI-powered startups in Asia. Photo: Thanh Giang Nguyen Hoa Binh’s IT talks always attract young startups. Photo: Thanh Giang He attends the seminar “Vietnam economic forecast in the context of digital economy and new trends – adaptationand business process transfer.” Photo: Thanh Giang Nguyen Hoa Binh on the TV show Shark Tank Vietnam. Photo: Files Binh shares mistakes causing failure of startups at a talk. Photo: Files At the TV show Shark Tank Vietnam. Photo: Files NextTech has young and enthusiastic employees. Photo: Thanh Giang Binh’s experiences are useful for young startups. Photo: Files

When eBay left Vietnam, PeaceSoft was on the brink of bankruptcy. Binh decided to shift his business strategy from e-commerce to digitized commerce as he saw the need to transform Vietnam’s traditional businesses with technology. That was how NextTech was born.

For nearly 20 years, Binh has brought NextTech from zero to an ecosystem of close to 20 digitized platforms operating in Vietnam and eight other markets across China and Southeast Asia, including Thailand, Indonesia, Malaysia, the Philippines, Cambodia, Singapore and Myanmar.
NextTech is the trade partner of SBI (Japan), FMO (the Netherlands), Vina Capital (Vietnam), and Alibaba and Tencent (China).

The company has nearly 2,000 employees, operating in four major sectors, including e-commerce, fintech, e-logistics and edtech. In 2019, the group’s gross transaction volume was estimated at more than 2.5 billion US dollars.

NextTech’s major tech brands include mPOS.vn, a solution for credit card payment on mobile phones; nganluong.vn, an online payment gateway; Boxme, a cross-border e-commerce fulfillment network; and Vimo.vn, a mobile e-wallet; and teky.edu.vn, a chained school for STEM technology education.