Vietnam an attractive spot for startups: Bloomberg
Bloomberg on February 14 published an article “Silicon Valley talent is helping grow Vietnam’s startup hub”, quoting founders’ opinion that an abundance of inexpensive engineers coupled with a fast-growing economy makes Vietnam an attractive spot for startups.
In 2021, Vietnam drew a record 2.6 billion USD through 233 private deals, up from 700 million USD via 140 deals of the previous year. (Photo: baodautu.vn)
Washington (VNA) – Bloomberg on February 14published an article “Silicon Valley꧋ talent is helping grow Vietnam’s startuphub”, quoting founders’ opinion that an abundance of inexpensive engineerscoupled with a fast-growing economy makes Vietnam an attractive spot forstartups.
The article cites a report published in July 2022 by KPMGInternational Ltd and HSBC Holdings Plc which states that the number ofstartups in the country nearly doubled from the beginning of the COVID-19pandemic to mid-2022, Some of the world’s largest investors including SequoiaCapital, Warburg Pincus LLC, and Alibaba Group Holding Ltd are backingstartups offering promising solutions. According to data from Google, Temasek Holdings Pte., andBain & Co, in 2021, Vietnam drew a record 2.6 billion USD through 233private deals, up from 700 million USD via 140 deals of the previous year. According to investment firm Do Ventures, local startups arealso competing against businesses from throughout Southeast Asia. Investment instartups in Vietnam accounts for 13% of the total venture funding flows intothe region after Indonesia and Singapore in 2021.
The Vietnamese Government aims to turn Ho Chi Minh City into a magnet for tech funding and is striving to grow its digital economy which is expected to represent 40% of the southern city’s gross domestic product. (Photo: vneconomy.vn)
Bloomberg’s article also mentions the Vietnamese Governmentaims to turn Ho Chi Minh City into a magnet for tech funding and is striving togrow its digital economy which is expected to represent 40% of the southerncity’s gross domestic product. The city’s authorities thus prioritise attracting foreigninvestment to high-tech projects, while also offering other incentives to lureglobal talent and international firms to establish innovation research centres. Experts said that Ho Chi Minh City has factors to make it thenext Silicon Valley including a heavy math and science educational system, adecades-old software outsourcing industry that’s created an abundance ofinexpensive and talented engineers, and the benefits of Vietnam’s 2021 economicgrowth - one of the fastest across Asia./.
Prime Minister Pham Minh Chinh urged domestic innovative startups to work harder to become “unicorns” of the region and the world while addressing the key ceremony of the National Innovative Entrepreneurship Day 2022 (Techfest Vietnam 2022) in the southern province of Binh Duong on December 3.
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, heard the Vietnam Venture Summit 2022 on December 19 in Hanoi.
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.
Experts are positive about the development of Vietnam’s education technology (Edtech) market in 2023 if local Edtech companies can overcome post-pandemic challenges.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
In 2021, Vietnam drew a record 2.6 billion USD through 233 private deals, up from 700 million USD via 140 deals of the previous year. (Photo: baodautu.vn) 
The Vietnamese Government aims to turn Ho Chi Minh City into a magnet for tech funding and is striving to grow its digital economy which is expected to represent 40% of the southern city’s gross domestic product. (Photo: vneconomy.vn) 
