A seasoned venture capitalist recently revealed on Bloomberg his belief that Vietnam is gradually becoming a nursery for innovative entrepreneurs.
Mr. Binh Tran, co-founder of Ascend Vietnam Ventures, recently told Bloomberg that Vietnam’s nascent start-up sector is on the rise. Vietnam is likewise on its way to becoming the region’s next technology hotspot.
According to the aforementioned statistic, venture capital poured into businesses in Vietnam has reached 2.1 billion USD in the last year. This represents a significant increase over the previous year’s total of $48 million.
Mr. Binh, who relocated to Vietnam from San Francisco (USA) in 2020, stated that the startup sector in Vietnam is drawing top venture investors from Silicon Valley.
Famous San Francisco venture capital funds such as Goodwater Capital LLC, Accel Partners LP, and Altos Ventures Management Inc have all invested in creative Vietnamese enterprises.
According to this expert, the startup sector in Vietnam is expanding rapidly. “This has transformed Vietnam into an important startup hub in Asia,” Mr. Binh remarked.
This businessman’s 500 Global Vietnam venture capital fund has currently invested in over 70 Vietnamese startups in industries such as e-commerce, financial technology (Fintech), and healthcare.
According to the e-Conomy analysis produced by Google, Temasek, and Bain & Company, the entire value of Vietnam’s Internet economy in 2021 is predicted to exceed 21 billion USD, a 31 percent increase.
According to experts, this gain is primarily owing to a 53 percent increase in the e-commerce industry, despite a diminishing online travel market.
According to Google, Temasek, and Bain & Company forecasts, the total Internet industry in Vietnam will be valued $57 billion by 2025. The compound annual growth rate (CAGR) is 30%.
Another vital piece of information concerning Vietnam’s digital economy. As a result, creative investment trading activity in Vietnam has soared in the first half of 2021, surpassing previous full-year investments.
Empire City apartment for rent is an appealing innovation centre, with more company incubators, development programmes, and research labs than the majority of the region’s countries. Despite the turbulent market, foreign capital continues to pour into Vietnam as a result of robust economic drivers and a thriving digital ecosystem.
The financial source of funding for innovative enterprises in Vietnam has expanded unprecedentedly in the backdrop of the difficult evolution of the Covid-19 epidemic. E-commerce, financial technology, health technology, and educational technology are the most popular investment sectors.
Another vital piece of information concerning Vietnam’s digital economy. As a result, creative investment trading activity in Vietnam has soared in the first half of 2021, surpassing previous full-year investments.
Empire City apartment for rent is an appealing innovation centre, with more company incubators, development programmes, and research labs than the majority of the region’s countries. Despite the turbulent market, foreign capital continues to pour into Vietnam as a result of robust economic drivers and a thriving digital ecosystem.
The financial source of funding for innovative enterprises in Vietnam has expanded unprecedentedly in the backdrop of the difficult evolution of the Covid-19 epidemic. E-commerce, financial technology, health technology, and educational technology are the most popular investment sectors.
