The Vietnam Open Innovation Ecosystem Report 2023 released by BambuUP showed that in the first nine months of 2023, the number of investments in Vietnamese startups decreased by 40 percent in quantity and 13 percent in value.

Vietnam-made heat-reflective paint helps save 40 percent of energy consumed by cooling equipment, prevents fires and loss of fuel/volatile chemicals, and ensures energy security.

Bioplastics made of brewer’s grains have higher durability, water and heat resistance than plastics made of paper pulp and bagasse. The technology is expected to reduce environmental pollution.

While Vietnam’s environment for the development of the innovation startup ecosystem is becoming more favourable, full legal and policy corridors are in need to help them take off.

Car rental apps are a new business model that has appeared in Vietnam recently. The current rental is VND200,000-400,000 for every two hours of use.

In the third quarter, Vietnam's tech startups secured a total of $50.1 million in funding.

Hera, an unmanned aerial vehicle (UAV) developed by a Vietnamese startup, was recently brought on a tour of Germany where it showed off just how impressive Vietnamese tech has become to potential partners.

The Australian Government’s funding scheme – Innovation Partnership Grants under the Aus4Innovation program, will set aside AUD2 million to fund tech-based innovation in Vietnam’s agriculture sector.

HCM City will give priority to supporting and nurturing high-tech agricultural production start-ups of young entrepreneurs in an aim to raise the proportion of high-tech agriculture in the city's total agricultural land.

Consumers globally are paying more attention to healthy and environment-friendly agricultural products, which offer young entrepreneurs a great opportunity if they know how to take advantage.

Startups are deemed unicorns – mainly if not all are technology driven – are those valued at least US$1 billion, and a statistical report says unicorn startups account for less than 0.08% of all startups.

HCMC has lately issued various consistent policies to boost innovative startup activities and formed strong connections with global startup communities, helping many startup projects to reap profound benefits.

Vietnamese entrepreneurs have to think for the long term as raising funds for startups has become more challenging in recent years.

In 2021, Vietnam drew a record US$2.6 billion through 233 private deals, up from US$700 million via 140 deals the year prior, according to a Google, Temasek Holdings Pte., and Bain & Co. report.

VinaCapital Ventures, a technology-focused venture capital fund of the Ho Chi Minh City-based VinaCaptial Group, has announced an investment of 1 million USD into Koina, an agritech startup founded in Vietnam.

Vietnamese startups secured $855 million in fresh funding in 2022, which is only one-third compared to the value in 2021, according to a recent report by Nextrans.

Lianhe Zaobao newspaper in Hong Kong (China) has run an article analysing Vietnam’s advantages that make the country the third pillar of the "golden triangle of startups" in Southeast Asia, together with Indonesia and Singapore.

With the venture capital market in 2022 deemed generally gloomy with total investment and number of deals falling globally, more work is to be carried out for new companies in Vietnam to survive.

As many as 39 investment funds committed to invest 1.5 billion USD for creative startups in Vietnam in 2023 – 2025, lifting the total investment for the field in the period to 5 billion USD.