Vietnam ranked third in Southeast Asia in securing venture capital last year, accounting for 4.5 per cent of the total funding mobilized in the region, according to data compiled by DealStreetAsia.

Startups in Southeast Asia raised a total of $15.82 billion in funding in 2022.

Unicorns in Singapore topped the list, with 61.9 per cent, followed by Indonesia with 23.8 per cent and Vietnam with 4.5 per cent.

Vietnam, Singapore, and Indonesia are still considered a “gold triangle” in developing startups in Southeast Asia.

At the Vietnam Venture Summit 2022, 39 investment funds committed $1.5 billion to creative startups in Vietnam to 2025, raising the total planned investment in the field to $5 billion for the 2023-2025 period.