Vietnam has been one of Southeast Asia’s strongest-performing economies. It has consistently grown at over 6% per annum since the start of the decade. Vietnam is also a major software development hub in Asia and tech giants such as Lazada and Sea Group have tapped the market for its abundance of software development talent.
Vietnam’s startup ecosystem has approximately 3,000 startups, which cumulatively raised US$900 million (S$1.2 billion) in 2018 – a three-fold increase from US$291 million (S$395 million) raised in 2017.
Vietnam has become an attractive destination for both investors and startups alike, with a large domestic consumer market and a strong supply of technical talent from universities. Ho Chi Minh City is touted as the business hub of Vietnam, and is usually the first stop for foreign companies looking to enter Vietnam.
Contact Tony Yeoh (email@example.com) to connect with our GIA partners in Vietnam.