The two countries are striving to raise bilateral trade to $15 billion by 2028, PM noted during a meeting with his Indonesian counterpart prior to the 43rd ASEAN Summit.
According to Tech Collective, the venture capital (VC) trend in Vietnam will be the driving force in the “Golden Triangle of Startups in Southeast Asia”, which includes Vietnam, Indonesia, and Singapore. More than $1.4 billion of investment poured into Vietnam’s tech startups in 2021; 1.6-fold more than in 2019. The number of funds investing in startups rose 60 per cent.