- Vietnam emerges as Southeast Asia’s third major startup hub after Singapore and Indonesia.
- Its young demographics, skilled talent pool, and impressive growth attract global investors.
- However, founders must navigate operational challenges to unleash Vietnam’s full potential.
Vietnam is making waves in the Southeast Asian tech scene, with investors hailing it as the third major startup market in the region after Singapore and Indonesia.
The country boasts a track record of globally successful startups, such as electric vehicle maker VinFast and blockchain gaming startup Sky Mavis.
Tuyet Vu, advisor at VVSEAI, shares her insights on why Vietnam is capturing the attention of investors worldwide.
The Vietnam advantage: growth, youth, and talent
Vietnam’s appeal lies in its impressive 5% year-on-year growth, a sizable population of nearly 100 million, and a rising middle class with diverse needs.
The country’s young, tech-savvy millennials and v are driving technological innovation and adoption, providing a solid foundation for startups to thrive.
Moreover, Vietnam’s growing pool of skilled talent in software development, engineering, and design is attracting investors eager to discover the next unicorn builders.
Overcoming obstacles, unleashing potential
Despite its potential, Vietnam’s startups face operational challenges, requiring street-smart entrepreneurs to navigate the market effectively.
Founders must also educate investors on the market potential of tech startups and possess strong communication skills to access funding. Additionally, accessing talent, particularly in mid-level roles, remains a challenge as startups scale.
Tuyet advises founders to conduct thorough market research and understand the ways of working in Vietnam before diving in. VVSEAI is excited to meet founders at the upcoming Saigon Summit and co-create champions in this thriving ecosystem.
To read the original article: https://www.techinasia.com/vc-firm-vietnam-radar
