The wave of innovative start-ups in Vietnam has developed at ‘dizzying’ speeds, attracting the attention of many domestic and foreign investors, heard at a recent seminar, entitled ‘Investment Policies for Start-ups’ held in Hanoi. According to statistics from the National Agency for Technology Entrepreneurship and Commercialisation Development, under the Ministry of Science and Technology (MoST), Vietnam currently has about 3,800 start-ups. Of those eleven are valued at over 100 million USD and three start-ups are valued at over 1 billion USD, including Momo, VNG and VNLife. Statistics from BambuUP show that there are currently about 210 venture capital funds operating and investing in innovative start-ups in Vietnam.

Source: Vietnam News Agency