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Global Creative Tool Leader xTool Officially Enters Vietnam, Signing Strategic Partnership with Viettel Group

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Global Creative Tool Leader xTool Officially Enters Vietnam, Signing Strategic Partnership with Viettel Group
Business

Business

Global Creative Tool Leader xTool Officially Enters Vietnam, Signing Strategic Partnership with Viettel Group

2026-11-10 15:18 Last Updated At:16:25

HO CHI MINH CITY, Vietnam, Nov. 10, 2026 /PRNewswire/ -- xTool, a global leader in personal creative tools, November 6th announced a strategic partnership with Viettel Commerce, a member of Viettel Group, one of Vietnam's leading telecommunications and technology groups, marking a significant step in xTool's expansion into Vietnam.

With an established customer base in North America and Europe, xTool serves creators, entrepreneurs, and small businesses who use its tools to turn creative ideas into products for sale. Through its partnership with Viettel, xTool aims to bring these creative technologies and the opportunities they enable to more Vietnamese consumers, creators, and businesses.

According to CIC Consulting, xTool held a 47% share of the global laser engraver and cutter market by gross merchandise value (GMV) in the first nine months of 2025—approximately six times that of the second-largest brand and more than the combined share of brands ranked second through tenth.

A Strategic Partnership to Expand xTool's Presence in Vietnam

Under the strategic partnership framework, xTool and Viettel will explore collaboration across three key areas:

  • Retail and hands-on experiences: Explore in-store displays, pop-up experiences, live demonstrations, and on-site personalization, allowing consumers and business customers to experience xTool's technologies firsthand and see how customized products can be created in real time.
  • E-commerce: Explore online sales opportunities through platforms such as Shopee, Lazada, and Tiki, alongside localized marketing, product information, and customer engagement.
  • Business and enterprise applications: Identify opportunities in customized merchandise, branded products, small-batch production, education and training, and suitable enterprise projects, helping local businesses develop differentiated products and respond to personalized customer demand.

xTool will contribute its product portfolio, technical expertise, marketing resources, and training capabilities. Viettel will bring local market knowledge, channel and logistics resources, and enterprise customer relationships. Together, the two companies will explore ways to provide localized customer support, including Vietnamese-language product consultation, product demonstrations, training, and technical assistance as the partnership develops. Specific initiatives will be developed as the partnership progresses.

"Vietnam is an exciting next step in xTool's expansion in Southeast Asia. Around the world, we've seen people turn their ideas into products and their creativity into businesses. We believe these opportunities can extend to more entrepreneurs in Vietnam. By combining xTool's innovative products and global experience with Viettel's strong local capabilities, we hope to help more Vietnamese entrepreneurs bring their ideas to market and build businesses of their own."

— Howard Zhong, Head of EMEA & Emerging Markets, xTool

Turning Creativity into Business Opportunities

Vietnam's entrepreneurial spirit and growing demand for personalized products create opportunities for individuals to turn creative ideas into viable businesses. From customized gifts and personalized merchandise to branded products and niche product lines, accessible creative tools are making it easier for entrepreneurs to start small, develop distinctive offerings, and respond to evolving customer needs.

Across Southeast Asia, xTool users are already turning these opportunities into real businesses. Arlyn Marie, a mother of two from the Philippines and a former bank marketing assistant, turned her handmade craft hobby into a personalized products business with xTool. By selling customized keepsakes at local markets, she generates around US$500 in revenue at a single market event. Her business income eventually surpassed her full-time salary, enabling her to become a full-time entrepreneur while gaining greater flexibility to spend time with her children.

"Creation is human nature. Even as the digital and virtual worlds continue to flourish, we believe there is enduring value in creating something extraordinary in the physical world.

At xTool, we bring together hardware, software, and community to empower everyday people to create in the physical world. Vietnam is a major manufacturing hub with an abundance of creative talent. Together with our local partner Viettel, we hope to empower more people in Vietnam to create locally, turn their ideas into tangible products, and build businesses of their own."

— Howard Zhong, Head of EMEA & Emerging Markets, xTool

The growing importance of in-person technology experiences in Vietnam can also be seen in the retail sector. In July 2026, DJI opened its first Authorized Retail Store in Vietnam at Saigon Centre in Ho Chi Minh City, offering hands-on product experiences, professional consultation, and creator workshops. For xTool, similar experiences could go a step further by allowing customers to see personalized products being made on the spot and explore practical applications for their own businesses.

Through its partnership with Viettel, xTool aims to bring these experiences and business opportunities closer to Vietnamese consumers and entrepreneurs, combining its product innovation and global experience with Viettel's local market capabilities.

"Vietnam's entrepreneurial spirit and growing interest in personalized products create exciting opportunities for new technologies. Our partnership with xTool brings together creative tools and local market capabilities, allowing us to explore how these technologies can help Vietnamese consumers, entrepreneurs, and businesses develop new products and commercial opportunities. We look forward to building practical solutions that respond to local needs."

— Mr. Pham Tien Tuyen, Deputy General Director of Viettel Commerce and Director of Viettel Distribution Center

About xTool

xTool is a global leader in personal creative tools, dedicated to making creation more accessible. Its portfolio includes laser engraving and cutting machines, material printing equipment, software, accessories, and consumables, serving individual creators, entrepreneurs, small businesses, and creative communities worldwide.

By combining hardware, software, and an expanding creative ecosystem, xTool enables users to turn digital ideas into physical products for personal creativity and commercial applications.

For more information, visit www.xtool.com.

About Viettel Group

Viettel Group (Military Industry and Telecoms Group) is Vietnam's leading telecommunications, industrial and digital technology enterprise, founded on June 1, 1989. With the mission "Pioneering to create a digital society", Viettel has evolved from a telecom operator into a global digital service provider. It operates in Vietnam and 10 international markets across Asia, Africa and the Americas, where its overseas mobile subscriber base reached 90 million in 2025. Its business covers digital infrastructure, digital solutions, cybersecurity, R&D & manufacturing, together with a mature offline distribution network via Viettel Commerce. As a trusted channel partner, Viettel Commerce, through its distribution arm Viettel Distribution, delivers premium tech products to end consumers, creators and small businesses throughout Vietnam. For more information, visit https://viettel.com.vn/.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Global Creative Tool Leader xTool Officially Enters Vietnam, Signing Strategic Partnership with Viettel Group

Global Creative Tool Leader xTool Officially Enters Vietnam, Signing Strategic Partnership with Viettel Group

SINGAPORE, Nov. 10, 2026 /PRNewswire/ -- NEC Asia Pacific will return to the Singapore FinTech Festival (SFF), taking place from 18 to 20 November 2026 at Singapore EXPO. 

At Booth #3G31, NEC will present AI, analytics and partner-led offerings that help financial institutions make better-informed decisions, improve operational performance, and advance business transformation. 

Guided by its vision to create what's ahead, NEC is bringing together practical applications spanning Agentic AI, financial intelligence, insurance risk analytics, technology integration and wealth management. 

Michio Kotegawa, SVP, Head of Digital Finance Solutions & Innovation, NEC APAC, shares, "As financial institutions navigate growing complexity and rapidly evolving customer expectations, success will depend on their ability to turn technology into tangible business outcomes. By combining trusted AI innovation with deep financial services expertise, NEC is helping organisations create what's ahead through smarter decisions, stronger customer experiences, and more resilient operations." 

What to Expect at NEC's Booth 

1. NEC cotomi Agent: Advancing Agentic AI in Financial Services 

NEC cotomi Agent observes how users complete tasks in a web browser, captures reusable operational know-how and applies that knowledge across web-based business systems. By turning individual expertise into organisational capability, the service can autonomously execute digital workflows while retaining appropriate governance and human oversight. 

2. NEC Financial Insights & Supply Chain Finance 

NEC Financial Insights and Supply Chain Finance combine Agentic AI, financial data and financing capabilities to help CFOs anticipate scenarios, act more quickly and optimise working capital and liquidity. Developed in partnership with TASConnect, the offering also supports risk management and closer collaboration across supply chains. 

3. AI Image Analytics for Insurance and Risk Management 

NEC will demonstrate AI-powered image analytics that examines motor-claim photographs for potential fraud and misrepresented damage. The technology can identify signs of pre-existing or staged damage and assess whether visible damage is consistent with a reported accident, supporting faster, more consistent claims decisions and reducing claim leakage. 

4. Financial Technology Partnerships  

NEC's Financial Technology Partnerships approach brings together financial-services expertise, technology capabilities and strategic partnerships with leading technology providers to help financial institutions modernise operations, address business challenges and advance their transformation goals. Across business consulting, wealth management, payments, financial-crime management and liquidity management, NEC connects relevant platforms, specialist solutions and delivery capabilities around evolving business needs.

NEC's collaboration with Avaloq demonstrates this approach in practice. Through NEC's Avaloq Wealth Management Implementation Services, NEC combines Avaloq platform capabilities with financial-services knowledge, engineering expertise and regional delivery experience to help institutions transform their wealth management capabilities and realise greater value from their technology investments.

5. Avaloq Wealth Management Transformation  

Avaloq's integrated, front-to-back platform supports banking and wealth management across the value chain, from onboarding and payments to investment management, credit, treasury, risk and compliance. A unified data model, real-time accounting and broad functional coverage can simplify operations, strengthen control and establish a foundation for AI-enabled innovation.

Vibhooti Chaturverdi, Managing Director for Asia Pacific, Avaloq, says: "A strong technology foundation is essential for wealth managers looking to scale into new markets and client segments, deliver more personalized advice and make effective use of AI. Together with NEC, we are helping financial institutions modernize by connecting data, process and ecosystems across the wealth management value chain."

Fireside Chat Sessions 

  • 18 November 2026, 10:30 AM  
    Speakers:
    Yash Shah, Partner, Global Head of Avaloq Practice, Synpulse
    Prashant Sharma, Business Development Director, NEC APAC
    Topic: Beyond Platforms: Building the Future of Financial Services Through Partnership
  • 18 November 2026, 11:00 AM  
    Speaker: Emily Lee, Head of Sales, South Asia, Avaloq
    Topic: One step ahead: AI-powered client experience
  • 18 November 2026, 11:30 AM  
    Speakers:
    Dr. Liu Jianquan, Senior Director, NEC Laboratories Asia Pacific
    Albert Hardy Tanutama, Senior Principal Designer, NEC Laboratories Asia Pacific
    Dukey Rakesh, Manager, Digital Finance Division, NEC Corporation
    Topic: Human in Command. AI in the Loop. Agentic AI and the future of CFO and treasury decision-making
  • 19 November 2026, 10:00 AM
    Speaker: Sridhar Thangavelu, Global Head, Service Management, Avaloq
    Topic: Making AI work where banking gets complex
  • 19 November 2026, 10:30 AM 
    Speaker: Akrawit Sooksai, CEO, AIRA Factoring 
    Topic: AIRA Factoring and NEC's Future of Digital Supply Chain Financing in Thailand
  • 20 November 2026, 10:30 AM
    Speakers:
    Eric Barbier, Founder and CEO, Triple-A
    Madhivanan Periannan, Chief Technology Officer, TASConnect
    Suresh Neelakantan, Head of Innovation and Development (Digital Finance), NEC APAC
    Topic: Connecting Capital to Commerce: Tokenisation and the Next Generation of Supply Chain Finance

Attendees are invited to visit Booth #3G31 at Singapore FinTech Festival 2026 to connect with specialists and explore how NEC and Avaloq are creating what's ahead.

About NEC

NEC Asia Pacific leads in propelling Singapore's Smart Nation initiatives, integrating trusted technology with social responsibility. As a leading information and communications technology provider, NEC APAC is creating what's ahead with innovative solutions through AI, analytics, data, digital services, enterprise infrastructure, and Managed Services to promote safety, security, and enhance the quality of life for individuals and the community.

NEC APAC's technological advancements, dedicated to privacy and ethical usage, solidify trust among businesses and citizens. Together with NEC's research laboratories, NEC APAC provides cutting-edge public safety, cybersecurity technologies, and enterprise solutions to enable smart and sustainable cities, with a vision to create a brighter future.

For more information and to learn more about NEC APAC's innovative solutions, visit https://sg.nec.com/.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

NEC Returns to Singapore Fintech Festival with AI-Powered Financial Services Solutions

NEC Returns to Singapore Fintech Festival with AI-Powered Financial Services Solutions

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