The Covid-19 pandemic has disrupted investment flow into Vietnam’s startups, but for venture funds, Vietnam is still considered a priority market in Southeast Asia in 2021.

The success of startups depends on the support of the community so they can grow and become unicorns.

The startup ecosystem has been developing very strongly over the last 15 years, but no other unicorn startup has appeared, except VNG, which was valued at $1 billion in 2014.

SEA and Grab from Singapore, Woowa Brothers from South Korea and Go-Jek from Indonesia are fighting for market share.

VietNamNet Bridge - The investments by technology firms such as Grab, GoViet and Ahamove in the e-commerce delivery market have put pressure on traditional postal service providers.

VietNamNet Bridge - Grab and Now, which both operate in the food delivery sector, are now competing with Woowa Brothers, a South Korean unicorn valued at $2.6 billion, which has taken over Vietnammm.com.

VietNamNet Bridge - With many promotion programs, Vietnam is looking to be recognized as a "startup nation". However, the business environment lacks innovative models.

VietNamNet Bridge - Vietnam startups developed well in 2018. Here are the top 10:

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

 VietNamNet Bridge – On Tuesday the Department of Fine Arts, Photography and Exhibition sent photos to all 63 provinces and cities of sacred animal statues that have been used for centuries as “guards” at temples in Vietnam.