Prime 10 articles to grasp Vietnam’s tech and startup scene

Prime 10 articles to grasp Vietnam’s tech and startup scene. Tech in Asia writes about information everywhere in the area, however there’s one market that deserves extra consideration today: Vietnam. Certainly, the nation is rising as one among Southeast Asia’s most promising startup hubs, and a few buyers see it as the following place to be after Indonesia.

Prime 10 Articles To Grasp Vietnam’s Tech And Startup Scene

That’s not shocking, given how Vietnam was the third-most lively ecosystem among the many six largest ASEAN nations, in response to a 2019 Cento Ventures-led report on the nation’s tech investments. These massive checks have elevated Vietnam’s standing as the following sizzling marketplace for tech buyers and startups. For all the small print, learn our reporting on Vietnam.

Vietnam has bragging rights for producing one of many area’s first unicorns: web agency VNG. Nevertheless it’s additionally the breeding floor of many extra corporations that must be in your radar, similar to e-wallet MoMo, fintech agency VNLife, and logistics participant Scommerce.

Because the nation’s tech ecosystem reaches a turning level, we now have chosen 10 of our hottest articles about Vietnam so you possibly can catch up and perceive what’s coming subsequent.

1. 50 rising startups in Vietnam

Utilizing our personal information, we now have compiled an inventory of 50 rising startups within the nation. You’ll certainly acknowledge a couple of names on this listing (which we replace month-to-month), similar to digital funds agency VNPay, on-line market Tiki, and even Sky Mavis, the corporate behind the favored Axie Infinity sport.

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2. Meet the 15 top-funded startups and tech corporations in Vietnam

This text relies on info from Tech in Asia’s complete database of fundraising offers. Whereas funding is an imperfect proxy, it may give a great sense of which sectors tech buyers are specializing in. Fintech corporations and marketplaces high the listing, which we consistently replace.

3. A David vs. Goliath battle in Vietnam’s B2B ecommerce sector

Startups and conglomerates alike are racing to seize a large alternative: digitalizing the nation’s cửa hàng tạp hoá or mother and pop shops. One such contender is Telio, a startup backed by GGV Capital, Tiger International Administration, and Sequoia India.

4. The important thing gamers in Vietnam’s fintech battleground

Which fintech gamers will faucet into Vietnam’s 70% unbanked- and under-banked inhabitants? Two corporations have attracted huge quantities of fundings: MoMo and VNPay. However there are about 40 e-wallet suppliers in Vietnam, and lots of extra fintech corporations. We map out the main contenders and predict what may lie forward.

5. Vietnam’s first unicorn is lastly critical about its international gaming ambitions

Valued at US$2.2 billion, VNG was one of many first corporations in Southeast Asia to hitch the unicorn membership. The Ho Chi Minh Metropolis-based firm is lastly trying past the native market: VNG is planning to generate most of its income from abroad within the subsequent 4 years, mentioned CEO and co-founder Le Hong Minh.

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6. These are probably the most lively buyers in Vietnam’s startups

Discover out which enterprise capital funds and funding companies are closing probably the most offers within the nation with this commonly up to date listing. 500 Startups is presently no. 1, however Vietnam-based ThinkZone is an in depth second with 13 investments. There are numerous different lively buyers you possibly can flip to in Vietnam.

7. Cell cash may give Vietnam’s telcos an edge within the fee conflict

Is cell cash the way in which to succeed in Vietnam’s 70% unbanked and underbanked inhabitants? In contrast to e-wallets, these platforms don’t have to be linked to fee accounts, presenting an enormous alternative for the nation’s three fundamental telco companies: Viettel, VNPT, and Mobifone.

8. Why property tech is Vietnam’s subsequent must-watch sector

In response to an business knowledgeable, Vietnam has simply completed “proptech 1.0,” so what comes subsequent? Market chief was acquired by Singapore-based PropertyGuru in 2018 whereas shut down in 2020, leaving the house large open for newcomers.

9. Why Alibaba is betting on Vietnam to reclaim Southeast Asian ecommerce

The regulatory crackdown in China is pushing Alibaba and Ant Group to discover different geographies, together with Vietnam. Alibaba has already poured billions of {dollars} into Southeast Asia, making big investments in regional participant Lazada and Indonesia-based Tokopedia. In Might, the Chinese language tech titan led a US$400 million capital injection into Vietnam-based conglomerate Masan Group. This gave Alibaba a 5.5% stake in Masan’s TheCrownX, which owns grocery store chain VinMart.

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10. Vietnam’s rising startup scene might have a obvious weak spot

Whereas Vietnam is the third-most lively nation within the ASEAN when it comes to funding exercise, a better take a look at the information reveals some essential factors. In comparison with Indonesia, Vietnam’s startups secured a comparable quantity of late-stage cash, however they lagged behind in seed rounds to collection D fundings.

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