Venture investors are eyeing Vietnam as the latest destination for their capital, according to an article posted on asianinvestor.net on September 20.
Digital technology is forecast to create US$74 billion for Vietnam's economy by 2027. However, Vietnam must attract investment capital from around the world, especially investment in startups.
The retail market in Vietnam has been evolving fast in recent years with strong growth in modern distribution channels such as supermarkets.
Vietnamese organisations have signed a Memorandum of Understanding with the Association of Small and Medium-sized Enterprises and Crafts of the Czech Republic with the aim to develop the two countries’ start-up ecosystem and entrepreneurship.
Foreign investment into Vietnamese startups is predicted to increase although the COVID-19 pandemic has left negative impacts on the economy, according to experts.
Core value and core technology are important factors for start-up firms to scale-up and develop sustainably
The investment capital into Vietnamese start-ups this year would see a breakthrough despite a year-on-year decrease of 48 per cent in 2020 to reach US$451 million.
The Techfest Vietnam 2020, which wrapped up on November 29, saw over 120 connections and about 14 million USD worth of investment committed for innovative and startup projects.
After a successful funding round to prove its strengths, a startup usually aims at the initial public offering (IPO) in order to expand its activities and increase its value.
The HCM City Department of Science and Technology has called on technology companies to create an online eco-system to facilitate the activities of start-ups.
During the COVID-19 pandemic, KK Fund will help match local start-ups and investors online in the event “Meet your Match Vietnam.”
Two California-based start-ups confirm they have used the conference-call app to lay off staff.