COVID-19 has accelerated the digital economy in Vietnam and exacerbated the shortage of digital skills of the workforce of Vietnam. Singapore and Indonesia have traditionally dominated Southeast Asia's startup scene. Aug 3, 2021; 1 min read; Risks & Opportunities: The startup ecosystem in Vietnam and what founders should do to succeed. By 2020 the country recorded a US$400 million increase in investments, rivaling Indonesia as Southeast Asia's top growth market for tech investments. Consumer goods Vietnam is a "rising star" and will emerge as the third-largest startup ecosystem in Southeast Asia in2022, according to a report by venture capital firm Golden Gate. Learn More →. The tech sector dominates the startup ecosystem in Vietnam. Our startups have gone on to raise capital from such renowned investors as Sequoia, Social Capital, Stanford StartX, Google Launchpad, and more. WISE's mission is to create equal opportunities for Vietnamese . FinTech Vietnam Ecosystem 2021. BTC của TechFest Việt Nam vừa qua đã công bố mapping hệ sinh thái khởi nghiệp Việt Nam với vai trò trung tâm của startup. February 9, 2021. Key takeaways. From the point of view of successful startup founders and now startup investors, our guests shall share their points of view on where Vietnam is and what Vietnam could do to build an effective startup and innovation ecosystem for the country. Source: Tracxn (last accessed 5 October 2021) 3Q2021 FinTech funding in Vietnam recovers from 2020 lows. SOCIAL BUZZ. The StartupBlink annual Global Startup Ecosystem Index, which ranks the startup ecosystems of over 1,000 cities and 100 countries, is read by hundreds of thousands of decision makers around the world. VN Investments 2015 - Q1 2016 Seed funding Series A Series B Series C Undisclosed Accquisition Vietnam Start-up Ecosystem -DuyBaPham 22 22. All about Vietnam ecommerce market trends. The 2020 Global Startup Ecosystem Report (GSER) from Startup Genome and Global Entrepreneurship Network is the world's most comprehensive and widely-read research on startup ecosystems. Connect international intellectuals and resources to accelerate the startup ecosystem in Vietnam. Last year, Vietnam emerged as a regional startup hub in Southeast Asia with investments worth US$815 million at the Vietnam Ventures Summit. Report detailing Vietnam's startup scene set to be released this year. The Ministry of Science and Technology's (MoST) Project 844 has also proposed solutions to help develop the market for innovative start-ups, bringing products to the market in Vietnam's innovation startup ecosystem. Vietnam's startup ecosystem remained robust in 2021, and foreign investments in the country are estimated to have reached US$20 billion last year despite COVID impacts. Meet Shark Pham Thanh Hung - the original shark on Shark Tank Vietnam all 4 seasons and get his . In 2019, Vietnam surpassed the tech leader Singapore's startup funding and earned 17% of South East Asia's total startup investment. The National Startup Support Center (NSSC), in partnership with BambuUp Joint Stock Company, announced plans to release a report detailing Vietnam's startup ecosystem and its development outlook, August 31, 2021. Sky Mavis. The number of investment deals ranging from $500,000 to $3 million has increased 2.58 times compared with 2020. Social Republic of Viet Nam • Area: 331,210 sq km • Coastline: 3,444 km • Population: ~ 100 mln • Workforce: ~55 mln • GDP: $220-$250 bln • Agriculture: 15% • Industry: 33% • Services: 52% . The Vietnam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local startup and innovation ecosystem so far, is set to be released in December. The government held opening ceremonies for the National Innovation Center (NIC) and the International Innovation Expo 2021-VIIE 2021. Between 2016 and 2019, invested capital in tech startups has risen by a factor of eight reaching a peak of US$861 million in 2019. Hãy cùng iDauTu.com tổng kết lại nhé: 1- eWallets (DV Trung gian TT): 41 ví tính đến 29-1, (giấy phép cuối ra ngày 22) 2- Digital Banks: sân chơi ngày càng mở rộng, với nhiều tay . They are concentrated on bringing thee benefits of blockchain to everyone through fun and practical applications. Sun, 25 July 2021. Vietnam is also one of the largest recipients of remittances in the world; $17Bn flowed in 2019, equivalent to 6% of GDP. We hope our report can provide the most valuable insights to startups and investors. Fintech. A 2017 report by Oxford Economics projects Ho Chi Minh City to be the second-fastest-growing city in Asia through 2021 partly due to its manufacturing and services sectors. With the theme "Driving the Next", Bengaluru Tech Summit 2021 is an opportunity for Vietnam to learn and promote cooperation hence developing a national innovative startup ecosystem. Hệ sinh thái FinTech Vietnam đầu năm 2021 có gì. The Vietnam Startup Ecosystem is a regional Leader in innovation, ranked at number 59 globally, and shows a strong hold by 0 spots since 2020. Despite the ravages of Covid-19, 2021 saw a series of huge capital calls by Vietnamese startups, with a total value of more than $1.3 billion. Hoang Minh Duc, Special Counsel, Duane Morris, Hanoi, Vietnam - Author of Vietnam Startup Law blog, he recently explained to Asia Law Portal what unique opportunities and challenges Vietnam offers to startups and venture capital investors - and what the Vietnamese Government is doing to help encourage Vietnam's startup ecosystem. In 2020 and 21, offline visits were not possible due to COVID-19, so sessions were held in the form of online seminars on the Asian (Vietnam) startup ecosystem and announcements on the performance of excellent startups entering Vietnam. Top eCommerce sites | Key factors | Top eCommerce B2C sites | Startup Scene | Mobile Web Vietnam is expected to be the third biggest startup ecosystem by 2022, according to Golden Gate Ventures. Startup Funding. The Vietnam Open Innovation Landscape Report 2021, which provides an overview of the startups ecosystem in Vietnam for investors to learn and look for investment opportunities, will be launched at the end of 2021. . This . This reflects the attractiveness of Vietnam's startup ecosystem to both local and foreign investors." Vietnam is an emerging startup market with the best growth potential in the region. Vietnam's startup ecosystem is projected to expand further, with the help of major foreign investors, including Singapore. Hanoi and Ho Chi Minh City have developed a robust ecosystem for tech startups, with dominating sectors including AI, e-commerce, fin-tech, and enterprise solutions. About the Author. As the startup and venture capital ecosystems gear up for the year ahead in 2021, it is expected that the digital economy in Southeast Asia will continue to develop. According to the Vietnam Tech Investment Report 2019 by Do Ventures, startup investment in the region reached a record high of US$ 861 million in 123 venture deals in 2019, twice that of 2018. The number of investment deals ranging from $500,000 to $3 million has increased 2.58 times compared with 2020. Hoping to develop the first version of the Vietnam Commercialization Acceleration Program in 2021, we believe that the KisStartup representative participating in the program will help us gain the necessary skills, experience and network. Tech sector dominates. The State Bank of Vietnam granted FinTech startup GPay a 10-year license to provide intermediary payment services in the country — electronic payment portals, payment . A stakeholder's point of view on how to effectively build talent, and the support system for the startup & innovation ecosystem in VIetnam. It also invests US$ 10000-20000 in start-ups for 5-10% equity stake. USAID's Vietnam Workforce for Innovation and Startup Ecosystem (WISE) project is supporting Vietnam to upskill its workforce to meet the rapidly increasing demands of digital skills and power the economy.. On July 20, USAID WISE, in partnership with the Ministry . 2021 has seen changes to the top 10 cities, with the top 5 this year being - San Francisco (1st), New York (2nd), Beijing (3rd), Los Angeles (4th), and London (5th). Vietnam is shaping up to be Southeast Asia's next hottest startup ecosystem. Expanding the market for startup products Understanding the Vietnam Startups Ecosystem 2021. "It has already solidified its growing prominence . According to the report, the number of fintech startups in Vietnam grew more than 179% between 2017 and 2020.Payment remains the biggest segment, representing 31% of all fintech startups. VIETNAM STARTUP ECOSYSTEM 2021 - TECHFEST VIETNAM. Thus, the total investment value increases by about 34% (YoY), excluding unpublished investments. 3. Q1.2021: Investment in Vietnamese Startups Increased by 34%. VNA Sunday, January 30, 2022 . Vietnam's fintech startups. Vietnam is fast becoming a tech startup hub in the ASEAN region. 53. The components appearing in the mapping are selected based on 3 criterion below: The contribution to the creative startup community. Where the Vietnamese startup ecosystem is from a shark's point of view and practical tips for Viet founders to succeed . It was launched in the year 2019 and is located in Ho Chi Minh City, Vietnam. They are expecting that Vietnam will have 8 unicorns by 2030. Posted on April 22, 2020. Photo: Screenshot. February 9, 2021. According to Crunchbase, in Q4 of 2018, $ 272.2M was raised in the ecosystem, and reached $ 2B in Q4 of 2021, making it the third most active startup ecosystem in Southeast Asia. VIETNAM STARTUP REPORT Q1-2021 BY NEXTRANS IS OFFICIALLY RELEASED. From my point of view, 2020 ended on a high note for FinTech Ecosystem in Vietnam: 1- eWallets (intermediary payment services): 41 eWallets as of Jan 29, 2021. INARI Coordinates GRAFT Challenge Vietnam 2021. . October 6, 2021 October 6, 2021. The top two startup ecosystems remain the same as they were last year: San Francisco and New York. In the first half of 2021, Nextrans Vietnam reported that the . A glimpse into Singapore's current startup ecosystem. Photo: Screenshot. The country's GDP is forecast to grow at a rate of 4 per cent in 2021, the highest in Southeast Asia. Although the COVID-19 epidemic lasted for a long time, negatively affecting all aspects of life, production and business environment, the spirit of entrepreneurship and innovation did not decline, on the contrary, it has been developed, contributed to economic growth and recovery. There are 2 cities ranked in the top 1,000 in Vietnam and the top ranked city in Vietnam is Ho Chi Minh City at 179 globally. The Vietnam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local startup and innovation ecosystem so far, is set to be released in December. By Aaron Raj | 21 September, 2021. Vietnam Startup Ecosystem 2021 1. . December 17, 2021, Management and Sustainable Development Institute (MSD) - United Way Vietnam and National Economics University organized the Award Ceremony of the Future Solution Contest 2021 and Seminar on Startup Connect: "Investment and mobilization resources for social innovation" and "Social Innovation and Digital Marketing in the new era". Due to the months-long lockdown imposed in Vietnam in mid-2021, physical site visits and business mission trips were not possible. HÀ NỘI — The Việt Nam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local start-up and innovation ecosystem so far, is set to be released in December. Vietnam Open Innovation Landscape Report is the first and the most holistic report to provide the latest update about Vietnam Open innovation ecosystem and Highlights of Innovation trends to watch. ARLINGTON, VA, September 2, 2021 - On October 1, 2021, the U.S. Support for Economic Growth in Asia (US-SEGA) program—funded by the United States Agency for International Development (USAID) and the U.S. Department of State — launched the Workforce for an Innovation and Start-Up Ecosystem (WISE) activity — a two-year, US$ 2 million pilot activity with Vietnam's Ministry of Planning . Vietnam's ecosystem has truly 'come of age.' The fledgling startup ecosystem, once a blip on the world's tech radar, is now a global player in its own right. In our upcoming webinar Startup Ecosystem in Vietnam. Healthcare technology is often dominated by large enterprises. Vietnam Startup Ecosystem Report 2021. In addition, the Vietnam Silicon Valley Accelerator collaborates with experts from all over the world to gain valuable expertise in building the ecosystem. As of October 2020, Vietnam was home to 39 licensed non-bank payment services providers, with the five biggest e-wallets being MoMo, Payoo, Moca, ZaloPay and ViettelPay. Another Vietnamese startup hub that is strongly emerging is the coastal city of Da Nang. Bringing together amazing ideas and best talents from 10 regions, 105 countries across the globe to celebrate entrepreneurial spirit and startups. You can find the report here! But now, a new contender is . US-based 500 Startups aims to invest in 80 Vietnamese startups by 2021. Wrap up unprecedented stories about Entertainment and Media made-in-Vietnam unicorns in the year of 2021. GEN works to build smarter entrepreneurial ecosystems in every . In the first half of 2019, Vietnamese startups raised US$246 million, with startups such as Tiki, VNPay, and VNG capturing 63% of these deals. This has been released in the Vietnam Open Innovation Landscape Report 2021 by BambuUP under the auspices of the National Startup Support Center under the Ministry of Science and Technology on January 13. This has been released in the Vietnam Open Innovation Landscape Report 2021 by BambuUP under the auspices of the National Startup Support Center under the Ministry of Science and Technology on January 13. Vietnam eCommerce market statistics: top e-commerce sites, startups, top grocery shopping apps, top Vietnam retailers, online shopping sites, marketplace, report, statistics,…. Firms that introduce disruptive technologies in the tailwind industries such as Digital Wallets, Virtual Worlds, and New Retail are poised to thrive, as their solutions will . Listen to how the startup ecosystem changed in 2021 Watch the whole conversation between Zdravko Zdravkov (Co-founder of Out2Bound) and Ned Dervenkov (CEO of BESCO - The Bulgarian Startup Association). The report, compiled by the National Startup Support Centre and the BambuUP Joint Stock Company, will be available in Vietnamese and English. Report detailing Vietnam's startup scene set to be released this year. Vietnam also ranks at number 6 for startups in South East Asia. FinTech Vietnam kết thúc 2020 với nhiều điểm nhấn quan trọng. The StartupBlink interactive startup ecosystem map tracks over 100,000 ecosystem stakeholders worldwide. ASEAN Startup Awards is part of the Global Startup Awards, providing an annual spotlight to those who dare to dream big and shape the way our future will look. Các thành phần xuất hiện trong mapping được lựa chọn dựa trên một số tiêu chí: Có nhiều đóng góp . VIETNAM STARTUP ECOSYSTEM 2021 - TECHFEST VIETNAM. Vietnam's startup ecosystem remained robust in 2021, and foreign investments in the country are estimated to have reached US$20 billion last year despite COVID impacts. Six countries have two or more top startup ecosystems. Download the Report. 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