Topic: Startups

Vietnam is emerging as an attractive destination thanks to the effective implementation of its free trade agreements with the EU, the UK, and Asia-Pacific countries.

HCMC's progress is attributed to its energetic and creative startup community, strong support from municipal authorities, and an increasingly favourable business environment.

Vietnam being the 51st highest funded country last year, according to Tracxn Geo Annual Report.

Navigating volatile times, Vietnamese startups find themselves answering the question of how to master cash flow management and strategic planning for sustainable, profitable growth and funding.

The event offers startups an opportunity to promote their ideas, access resources, and build networking connections.

Startups continue to face financial difficulties and a lack of suitable strategic advisors.

The Vietnam Private Capital Agency (VPCA), launched on September 12, aimed at promoting best practices in venture capital and private equity.

Vietnam has more than 3,000 startups and 140 universities and research institutions carrying out startup and innovation activities.

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.

Hanoi approved the “Building a digital platform for innovation investment” project on September 15, which aims to attract 300 venture capitalists and 1,500 innovative startups from Southeast Asia by 2025 to participate in the Youth Innovation Investment Digitization Platform. It will also support at least 200 Vietnamese startups during the period, connect 500 investments worth $1 billion for regional startups, and offer loans of VND1 trillion ($42.2 million) for young people to get a business underway.