Investment funds pour more money into Vietnamese startups
A record of over 1.3 billion USD was poured into Vietnamese startups in 2021 despite the complicated developments of the COVID-19 pandemic, helping the country rank third in the group of the most dynamic innovative startup ecosystems in Southeast Asia, only after Indonesia and Singapore, statistics show.
Hanoi (VNA) – A record of over 1.3 billion USD was poured intoVietnamese startups in 2021 despite the complicated developments of the COVID-19pandemic, helping the country rank third in thegroup of the most dynamic innovative startup ecosystems in Southeast Asia, onlyafter Indonesia and Singapore, statistics show.
Mostof the investment capital has been pumped into startups in the fields of FinTech,game, education, health care, and e-commerce.
Innovativeideas to respond to the pandemic and support the Government's prevention andcontrol initiatives have shown the dynamic adaptation of Vietnamese startups.
Investmentfunds have placed their trust on many startups with outstanding competence and, as a result, so many big deals have been signed,contributing to making Vietnam’s startup ecosystem more vibrant.
VN Life – the firm that owns the VNPay payment tooland VNPay QR cashless payment systems, successfully raised over 250 millionUSD. Meanwhile, Tiki raised 258 million USD, and E-wallet MoMo also reportedthe successful completion of its fundraising round with 200 million USD.
Due to the impact of the healthcrisis, investment in technology startups halved compared to 2019, reachingonly 874 million USD.
However,Vietnam has been seen as a potential startup market as investment funds stillcontinue to pour their capital in.
Accordingto Le Hoang Uyen Vy, Co-Founder and CEO of Do Ventures Fund, this is anopportunity for Vietnam to become a new technology centre of the world.
New-generationstartups soon understand that it is necessary to expand their thinking,operations and networks globally to reach sustainable developmentin the future, Vy said./.
Four Vietnamese startups in the fields of electric vehicles, energy efficiency, smart agriculture and circular economy will introduce their innovative solutions at the AsiaBerlin Submit 2021.
Domestic corporations are urged to invest more in Vietnamese startups which has mostly drawn attention from foreign venture capital investors, heard at a talk on investment prospects in the innovative startup market in Ho Chi Minh City.
A record high of 1.35 billion USD was poured into Vietnamese startups last year, making the country among the most attractive destinations for startups in the region.
The Australian Government has committed 4.9 million AUD (3.53 million USD) of investment in Vietnam's venture fund Ascend Vietnam Ventures (AVV) to assist local startups, according to the Australian Embassy in Vietnam.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
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