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March 03, 2023 | 09:20

Vietnam ranks third in Southeast Asia in venture fund raising

Thanh Minh, Huyền Thương, Hoàng

Funds raised by Vietnamese startups account for 4.5% of region’s total.

Vietnam ranks third in Southeast Asia in venture fund raising

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.

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The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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