Calling itself a technology firm,  iMotorbike has been rejected by the investors on the Shark Tank TV Show because of the technology content in its products.

IoT Dai Viet, a technology startup, has left a big impression on the Shark Tank TV Show.

Vietnam has one of the newest and most dynamic start-up scenes in Asia, and it has emerged as a hub for start-ups, according to the recently released Emerging Giants in Asia Pacific report.

Vietnam is becoming a rising tech hub in the region, with a growing number of startups pouring hundreds of millions of US dollars into the country, with a strong drive to innovation fuelled by new initiatives.

Dat Bike, a Make in Vietnam electric motorbike startup, has successfully called for $5 million in capital.

Dr Bui Minh Tuan from the Meteorology and Oceanography Faculty at the Hanoi University of Natural Sciences has been nominated for a Ta Quang Buu Award.

Contrary to all predictions, Vietnam’s startups continue to receiving investment capital, though Covid-19 has caused investors to become more cautious.

As soon as COVID-19 subsided in Vietnam, startups began to again receive capital.

Voice recognition technology, artificial intelligence (A.I), blockchain and big data are the major trends at startups in Vietnam in 2020.

Start-up activities are growing fast despite the slowdown of the global economy. The gap between Vietnam and the two regional leading countries, Indonesia and Singapore, has narrowed.

Venture capital funding pouring into Vietnamese fintech companies accounted for 36 percent of the total fintech investment in Southeast Asia.

Most Vietnamese startups find it difficult to call for investment, especially foreign investment.

Policymakers believe that the limitation on the foreign ownership ratio in Vietnam’s fintechs would help ensure transparency in payment activities, thus facilitating the development of companies.

Vietnam is working hard to unclog financial resources to develop a knowledge-based digital economy amid the wide influences of Industry 4.0.

VietNamNet Bridge - Forty venture funds operate in Vietnam, but most of them are foreign invested.

VietNamNet Bridge - Lacking venture funds and strong service bases, Vietnam is still far from reaching its goal of having 5,000 technology startups by 2020.

VietNamNet Bridge - Foreign investors have begun to eye Vietnamese fintech companies.

VietNamNet Bridge - More and more Vietnamese firms, especially technology startups, are registering their businesses in Singapore to avoid complicated administrative procedures in Vietnam.

VietNamNet Bridge - A huge amount of capital has been poured into Vietnamese technology startups in recent years.