Vietnam set to emerge as major startup ecosystem in SEA by 2022
Southeast Asia-focused venture capital funds are putting more effort into early-stage investment in Vietnam, and such a trend is expected to continue growing in the next 10 years.
Southeast Asia-focused venture capital funds are putting more effort into early-stage investment in Vietnam, and such a trend is expected to continue growing in the next 10 years.
Many challenges are causing a delay in the development of a startup ecosystem in Vietnam.
Vietnam only has 10 years to turn things around, as the country’s population starts aging by 2030, Minister of Planning and Investment Nguyen Chi Dung has said.
By 2025, Hanoi would complete the digital infrastructure that serves as a platform for the development of digital government and economy.
Prime Minister Nguyen Xuan Phuc has requested the creation of favorable legal environment and regulatory sandbox for IT companies.
The growth in investment size in Vietnamese startups over the past few years makes the target of having tech unicorns right in Vietnam feasible, Chu Ngoc Anh, minister of Science and Technology stressed.