Local startups growing in value
According to Mr. Nguyen Manh Cuong, Deputy Director of the Department of Southern Affairs at the Ministry of Science and Technology, Vietnam has nearly 4,000 startups, including four unicorns with a valuation in excess of $1 billion and ten or more others that are valued at more than $100 million. Angel investment in Vietnamese startups stood at more than $1.3 billion as of 2021.