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2021 has seen changes to the top 10 cities, with the top 5 this year being - San Francisco (1st), New York (2nd), Beijing (3rd), Los Angeles (4th), and London (5th). According to the report, the number of fintech startups in Vietnam grew more than 179% between 2017 and 2020.Payment remains the biggest segment, representing 31% of all fintech startups. The government held opening ceremonies for the National Innovation Center (NIC) and the International Innovation Expo 2021-VIIE 2021. There are 2 cities ranked in the top 1,000 in Vietnam and the top ranked city in Vietnam is Ho Chi Minh City at 179 globally. Posted on April 22, 2020. The runners-up (#31 to #40) include a mix of ecosystems — a few that have fallen out of the top 30 rankings such as Munich , Miami , and Bern-Geneva , and a few that have moved up such as Dallas and Delhi . Q1.2021: Investment in Vietnamese Startups Increased by 34%. February 9, 2021. Aug 3, 2021; 1 min read; Risks & Opportunities: The startup ecosystem in Vietnam and what founders should do to succeed. Viet Nam is a rising star of Southeast Asia startup scene and will become the third-largest ecosystem in the region in 2022, according to venture fund Nextrans Viet Nam. INARI Coordinates GRAFT Challenge Vietnam 2021. . This . FinTech Vietnam kết thúc 2020 với nhiều điểm nhấn quan trọng. Last year, Vietnam emerged as a regional startup hub in Southeast Asia with investments worth US$815 million at the Vietnam Ventures Summit. In the first half of 2021, Nextrans Vietnam reported that the . The Vietnam Open Innovation Landscape Report 2021, which provides an overview of the startups ecosystem in Vietnam for investors to learn and look for investment opportunities, will be launched at the end of 2021. The global startup ecosystem map now includes more ecosystems and countries. Vietnam's fintech startups. The Organizing Committee of TECHFEST Vietnam introduces the mapping startup ecosystem in Vietnam with the central role belongs to startup. As the startup and venture capital ecosystems gear up for the year ahead in 2021, it is expected that the digital economy in Southeast Asia will continue to develop. Startup Funding. Vietnam Open Innovation Landscape Report is the first and the most holistic report to provide the latest update about Vietnam Open innovation ecosystem and Highlights of Innovation trends to watch. This reflects the attractiveness of Vietnam's startup ecosystem to both local and foreign investors." Vietnam is an emerging startup market with the best growth potential in the region. Key takeaways. The Vietnam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local startup and innovation ecosystem so far, is set to be released in December. 2- eKYC: renown players from Silicon Valley, Japan, South Korea, India expanded into VN aggressively while local startups also claim part of the…. Report detailing Vietnam's startup scene set to be released this year. It was launched in the year 2019 and is located in Ho Chi Minh City, Vietnam. They are expecting that Vietnam will have 8 unicorns by 2030. Vietnam's startup ecosystem remained robust in 2021, and foreign investments in the country are estimated to have reached US$20 billion last year despite COVID impacts. About the Author. Singapore and Indonesia have traditionally dominated Southeast Asia's startup scene. A 2017 report by Oxford Economics projects Ho Chi Minh City to be the second-fastest-growing city in Asia through 2021 partly due to its manufacturing and services sectors. In this first edition, we took a look into the Vietnam Startup Ecosystem. According to Golden Gate Ventures, Vietnam is expected to become the third largest startup ecosystem by 2022. As of October 2020, Vietnam was home to 39 licensed non-bank payment services providers, with the five biggest e-wallets being MoMo, Payoo, Moca, ZaloPay and ViettelPay. View startup ecosystem dashboards of cities or countries by using the Location Search Box. That made the Vietnam startup ecosystem exhibit impressive development while keeping the pandemic under control. Understanding the Vietnam Startup Ecosystem Trần Trí Dũng; vebimo@gmail.com Hà Nội 08/09/2021 2. Vietnam has launched the construction of National Innovation Centre (NIC), worth 740 billion VND ($32 million), spread across the area of 35 hectares in Hoa Lac hi-tech park on the outskirts of Hanoi. By 2020 the country recorded a US$400 million increase in investments, rivaling Indonesia as Southeast Asia's top growth market for tech investments. Listen to how the startup ecosystem changed in 2021 Watch the whole conversation between Zdravko Zdravkov (Co-founder of Out2Bound) and Ned Dervenkov (CEO of BESCO - The Bulgarian Startup Association). There will be over 300 IPOs in 2030 in Vietnam, nearly three times the number of companies . Expanding the market for startup products From the point of view of successful startup founders and now startup investors, our guests shall share their points of view on where Vietnam is and what Vietnam could do to build an effective startup and innovation ecosystem for the country. Hệ sinh thái FinTech Vietnam đầu năm 2021 có gì. Vietnam is shaping up to be Southeast Asia's next hottest startup ecosystem. to contribute more effectively to the Vietnamese startup ecosystem, especially the commercialization of . Where the Vietnamese startup ecosystem is from a shark's point of view and practical tips for Viet founders to succeed . Inclusive Business Promotion Through Startup Innovation Ecosystem Development. According to the Vietnam Tech Investment Report 2019 by Do Ventures, startup investment in the region reached a record high of US$ 861 million in 123 venture deals in 2019, twice that of 2018. Fintech. The Report has created the Vietnam Startup Mapping 2021 with 4 main pillars: Business, People, Society, and Technology with holistic and multi-dimensional maps of the innovation startup ecosystem in 11 prominent areas: Consumer Goods, Retail, Education, Finance, Healthcare, Martech & Salestech, Logistics & Supply Chain, Sustainable Development . The State Bank of Vietnam granted FinTech startup GPay a 10-year license to provide intermediary payment services in the country — electronic payment portals, payment . Meet Shark Pham Thanh Hung - the original shark on Shark Tank Vietnam all 4 seasons and get his . December 17, 2021, Management and Sustainable Development Institute (MSD) - United Way Vietnam and National Economics University organized the Award Ceremony of the Future Solution Contest 2021 and Seminar on Startup Connect: "Investment and mobilization resources for social innovation" and "Social Innovation and Digital Marketing in the new era". Healthcare technology is often dominated by large enterprises. and pantheons with the Vietnam. The components appearing in the mapping are selected based on 3 criterion below: The contribution to the creative startup community. Six countries have two or more top startup ecosystems. The tech sector dominates the startup ecosystem in Vietnam. just to name a few. Vietnam will have more than 300 IPOs in 2030, almost three times the number of companies listed in 2020. In addition, the Vietnam Silicon Valley Accelerator collaborates with experts from all over the world to gain valuable expertise in building the ecosystem. ASEAN Startup Awards is part of the Global Startup Awards, providing an annual spotlight to those who dare to dream big and shape the way our future will look. February 9, 2021. The StartupBlink interactive startup ecosystem map tracks over 100,000 ecosystem stakeholders worldwide. 500 Global Vietnam is a US$14 million fund to invest in promising Vietnam-connected startups. The report, compiled by the National Startup Support Centre and the BambuUP Joint Stock Company, will be available in Vietnamese and English. This has been released in the Vietnam Open Innovation Landscape Report 2021 by BambuUP under the auspices of the National Startup Support Center under the Ministry of Science and Technology on January 13. But now, startups are developing solutions that can provide healthcare professionals better tools to deal with their patients. Consumer goods But now, a new contender is . Social Republic of Viet Nam • Area: 331,210 sq km • Coastline: 3,444 km • Population: ~ 100 mln • Workforce: ~55 mln • GDP: $220-$250 bln • Agriculture: 15% • Industry: 33% • Services: 52% . Our report brings the total market landscape of Vietnam Startup Ecosystem, highlights the notable rising trend in each industries and updates the lastest upcoming trends on ongoing 2021. Venture capital fund Golden Gate Ventures has called Vietnam a "rising star" in Southeast Asia and believes it will have the third-largest startup ecosystem in the region by the end of this year. Vietnam also ranks at number 6 for startups in South East Asia. . ARLINGTON, VA, September 2, 2021 - On October 1, 2021, the U.S. Support for Economic Growth in Asia (US-SEGA) program—funded by the United States Agency for International Development (USAID) and the U.S. Department of State — launched the Workforce for an Innovation and Start-Up Ecosystem (WISE) activity — a two-year, US$ 2 million pilot activity with Vietnam's Ministry of Planning . The National Startup Support Center (NSSC), in partnership with BambuUp Joint Stock Company, announced plans to release a report detailing Vietnam's startup ecosystem and its development outlook, August 31, 2021. This is the first edition of the Startup Ecosystem Report series where we will dive into the various startup ecosystems in Southeast Asia. Another Vietnamese startup hub that is strongly emerging is the coastal city of Da Nang. 111 companies took part in the […] The National Startup Support Center (NSSC), in partnership with BambuUp Joint Stock Company, announced plans to release a report detailing Vietnam's startup ecosystem and its development outlook, August 31, 2021. The StartupBlink annual Global Startup Ecosystem Index, which ranks the startup ecosystems of over 1,000 cities and 100 countries, is read by hundreds of thousands of decision makers around the world. In our upcoming webinar Startup Ecosystem in Vietnam. Vietnam will emerge as the third largest start-up ecosystem in Southeast Asia (SEA) next year, according to The Southeast Asia Ecosystem 2.0, a new report by venture capital (VC) firm Golden Gate Ventures. A report by Nextrans said that there were about 3,800 startups in Viet Nam, of which four were unicorns and 11 were valued at over US$100 million. About the report At the beginning of 2021 Out2Bound released its report "State of IT Sales" 2021 in Bulgaria. Between 2016 and 2019, invested capital in tech startups has risen by a factor of eight reaching a peak of US$861 million in 2019. We provide finance, mentorship, and connections to both global and regional startups. Sun, 25 July 2021. Mentorship to Ethnic Minority Women Entrepreneurs in Ang Village, Son La Province. Thus, the total investment value increases by about 34% (YoY), excluding unpublished investments. It also invests US$ 10000-20000 in start-ups for 5-10% equity stake. Vietnam's startup ecosystem. VIETNAM STARTUP ECOSYSTEM 2021 - TECHFEST VIETNAM. Vietnam will be the third largest startup ecosystem in Southeast Asia, GoldenGate Venture says. Browse StartupBlink Ecosystem Ranking Tables below the map, and discover how your country or city ranks in comparison to thousands of other startup ecosystems around the world. The Vietnam Startup Ecosystem is a regional Leader in innovation, ranked at number 59 globally, and shows a strong hold by 0 spots since 2020. You can find the report here! Vietnam is currently one of the leading startup hubs of Southeast Asia. . GEN works to build smarter entrepreneurial ecosystems in every . VNA Sunday, January 30, 2022 . Our startups have gone on to raise capital from such renowned investors as Sequoia, Social Capital, Stanford StartX, Google Launchpad, and more. USAID's Vietnam Workforce for Innovation and Startup Ecosystem (WISE) project is supporting Vietnam to upskill its workforce to meet the rapidly increasing demands of digital skills and power the economy.. On July 20, USAID WISE, in partnership with the Ministry . Due to the months-long lockdown imposed in Vietnam in mid-2021, physical site visits and business mission trips were not possible. USAID's Vietnam Workforce for Innovation and Startup Ecosystem (WISE) project is supporting Vietnam to upskill its workforce to meet the rapidly increasing demands of digital skills and power the economy.. On July 20, USAID WISE, in partnership with the Ministry . This has been released in the Vietnam Open Innovation Landscape Report 2021 by BambuUP under the auspices of the National Startup Support Center under the Ministry of Science and Technology on January 13. Wrap up unprecedented stories about Entertainment and Media made-in-Vietnam unicorns in the year of 2021. Top eCommerce sites | Key factors | Top eCommerce B2C sites | Startup Scene | Mobile Web Understanding the Vietnam Startups Ecosystem 2021. The 2020 Global Startup Ecosystem Report (GSER) from Startup Genome and Global Entrepreneurship Network is the world's most comprehensive and widely-read research on startup ecosystems. Vietnam is a "rising star" and will emerge as the third-largest startup ecosystem in Southeast Asia in2022, according to a report by venture capital firm Golden Gate. (Photo by Nhac NGUYEN / AFP) This startup is transforming Vietnam's healthcare sector through tech. They are concentrated on bringing thee benefits of blockchain to everyone through fun and practical applications. Despite the ravages of Covid-19, 2021 saw a series of huge capital calls by Vietnamese startups, with a total value of more than $1.3 billion. | Source: Shutterstock. Vietnam is expected to be the third biggest startup ecosystem by 2022, according to Golden Gate Ventures. Sky Mavis. The company said that the Vietnam startup ecosystem has improved significantly and was ranked 59 globally among all countries, and the Capital of Hanoi was ranked 196 out of the top 200 cities . Vietnam is fast becoming a tech startup hub in the ASEAN region. Vietnam's ecosystem has truly 'come of age.' The fledgling startup ecosystem, once a blip on the world's tech radar, is now a global player in its own right. In the first nine months of 2021 (3Q2021), Vietnam financial technology (FinTech) firms secured a total of US$375 million in funding across 15 deals 1.; The payments category took the lion's share, led by VNPay and MoMo (US$250 million and US$100 million respectively). From my point of view, 2020 ended on a high note for FinTech Ecosystem in Vietnam: 1- eWallets (intermediary payment services): 41 eWallets as of Jan 29, 2021. Consumer goods 53. Vietnam's startup ecosystem is making breakthrough developments. ARGET AUDIENCE: Foster in-depth conversations towards the future of E&M among local and worldwide leaders. The Ministry of Science and Technology's (MoST) Project 844 has also proposed solutions to help develop the market for innovative start-ups, bringing products to the market in Vietnam's innovation startup ecosystem. 2021 National Rank & Change . Các thành phần xuất hiện trong mapping được lựa chọn dựa trên một số tiêu chí: Có nhiều đóng góp . WISE's mission is to create equal opportunities for Vietnamese . We hope our report can provide the most valuable insights to startups and investors. VN Investments 2015 - Q1 2016 Seed funding Series A Series B Series C Undisclosed Accquisition Vietnam Start-up Ecosystem -DuyBaPham 22 22. Bringing together amazing ideas and best talents from 10 regions, 105 countries across the globe to celebrate entrepreneurial spirit and startups. Vietnam Investment Deals 2015 Source: topica-founder-institute-vietnam-startup-funding-2015-report Vietnam Start-up Ecosystem -DuyBaPham 21 21. Vietnam's startup ecosystem remained robust in 2021, and foreign investments in the country are estimated to have reached US$20 billion last year despite COVID impacts. The competition process for finding the . The top two startup ecosystems remain the same as they were last year: San Francisco and New York. According to the newly released Q1.2021 Vietnam Startup report by Nextrans Vietnam, the total value of investments in Vietnam startups in the first quarter reached more than $100 million. In 2020 and 21, offline visits were not possible due to COVID-19, so sessions were held in the form of online seminars on the Asian (Vietnam) startup ecosystem and announcements on the performance of excellent startups entering Vietnam. With the theme "Driving the Next", Bengaluru Tech Summit 2021 is an opportunity for Vietnam to learn and promote cooperation hence developing a national innovative startup ecosystem. SOCIAL BUZZ. Photo: Screenshot. Vietnam may be top 3rd SEA start-up ecosystem. Hoang Minh Duc, Special Counsel, Duane Morris, Hanoi, Vietnam - Author of Vietnam Startup Law blog, he recently explained to Asia Law Portal what unique opportunities and challenges Vietnam offers to startups and venture capital investors - and what the Vietnamese Government is doing to help encourage Vietnam's startup ecosystem. The Vietnam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local startup and innovation ecosystem so far, is set to be released in December. COVID-19 has accelerated the digital economy in Vietnam and exacerbated the shortage of digital skills of the workforce of Vietnam. According to Do Ventures, 2021 and beyond is a pivotal time in the maturation of the Vietnamese startup ecosystem for three reasons: they have started to target regional and global markets instead of only the domestic market, they are able to launch products and services using sophisticated technologies such as AI and blockchain and the market . Asia News Network. October 6, 2021 October 6, 2021. Vietnam eCommerce market statistics: top e-commerce sites, startups, top grocery shopping apps, top Vietnam retailers, online shopping sites, marketplace, report, statistics,…. Steve is an Associate Professor in the Department of International Trade at Konkuk University in Seoul, South Korea. By Aaron Raj | 21 September, 2021. WISE Vietnam: Women's Initiative for Start-ups and Entrepreneurship (WISE) supported by the Australian Aid and Asian Development Bank (ADB), Swiss EP and Saigon Innovation Hub (SIHUB), is a network of high profile startup ecosystem builders supporting women startup leaders. Please . The number of investment deals ranging from $500,000 to $3 million has increased 2.58 times compared with 2020. VIETNAM STARTUP REPORT Q1-2021 BY NEXTRANS IS OFFICIALLY RELEASED. FinTech Vietnam Ecosystem 2021. The company aims at simplifying blockchain technology. In line with the recent rapid growth of tech startups in Southeast Asia, Vietnam launched a program on October 5, 2020, to accelerate the founding of startups and to expedite recovery from the investment dropoff during the first half . . Firms that introduce disruptive technologies in the tailwind industries such as Digital Wallets, Virtual Worlds, and New Retail are poised to thrive, as their solutions will . Sky Mavis is a blockchain and a Video Games startup company. Hãy cùng iDauTu.com tổng kết lại nhé: 1- eWallets (DV Trung gian TT): 41 ví tính đến 29-1, (giấy phép cuối ra ngày 22) 2- Digital Banks: sân chơi ngày càng mở rộng, với nhiều tay . Tech sector dominates. The full report is available for viewing here. Download the Report. Government Supportive Policy for Startups The Vietnamese government is optimistic about the local startup ecosystem. BTC của TechFest Việt Nam vừa qua đã công bố mapping hệ sinh thái khởi nghiệp Việt Nam với vai trò trung tâm của startup. Hoping to develop the first version of the Vietnam Commercialization Acceleration Program in 2021, we believe that the KisStartup representative participating in the program will help us gain the necessary skills, experience and network. Photo: Screenshot. 3. Connect international intellectuals and resources to accelerate the startup ecosystem in Vietnam. All about Vietnam ecommerce market trends. San Francisco is the "supernova" of startup ecosystems, evidenced by its . Figure 1: A summary of funding activity in Vietnam, 3Q2021. Report detailing Vietnam's startup scene set to be released this year. Everything (Almost) About Startup EcoSystem in Vietnam (USAID Report) I am so proud to be a contributor for this comprehensive report that taps into various aspects of startup ecosystem in Vietnam ranging from fintech, cybersecurity, fundraising, venture capital, crowfunding, etc. US-based 500 Startups aims to invest in 80 Vietnamese startups by 2021. VIETNAM STARTUP ECOSYSTEM 2021 - TECHFEST VIETNAM. A stakeholder's point of view on how to effectively build talent, and the support system for the startup & innovation ecosystem in VIetnam. 2 shares. HÀ NỘI — The Việt Nam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local start-up and innovation ecosystem so far, is set to be released in December. As of 2019, Singapore had over $19 billion in PE and VC assets under management, more than twice that of neighboring Indonesia, Philippines . Vietnam Startup Ecosystem Report 2021. Women Entrepreneurship Ecosystem in Viet Nam. Vietnam Startup Ecosystem 2021 1. "It has already solidified its growing prominence . Vietnam Open Innovation Landscape Report is the first and the most holistic report to provide the latest update about Vietnam Open innovation ecosystem and Highlights of Innovation trends to watch. In 3Q2021, Vietnam-based FinTech firms raised a total of US$375 million in funding through 15 deals—exceeding 2020's total, but still below 2019's US$402 million total. Although the COVID-19 epidemic lasted for a long time, negatively affecting all aspects of life, production and business environment, the spirit of entrepreneurship and innovation did not decline, on the contrary, it has been developed, contributed to economic growth and recovery. Vietnam is also one of the largest recipients of remittances in the world; $17Bn flowed in 2019, equivalent to 6% of GDP. In the first half of 2019, Vietnamese startups raised US$246 million, with startups such as Tiki, VNPay, and VNG capturing 63% of these deals. According to Crunchbase, in Q4 of 2018, $ 272.2M was raised in the ecosystem, and reached $ 2B in Q4 of 2021, making it the third most active startup ecosystem in Southeast Asia. Vietnam's startup ecosystem is projected to expand further, with the help of major foreign investors, including Singapore. The country's GDP is forecast to grow at a rate of 4 per cent in 2021, the highest in Southeast Asia. The GSER now ranks the top 140 startup ecosystems from an assessment of several hundreds. A glimpse into Singapore's current startup ecosystem. The number of investment deals ranging from $500,000 to $3 million has increased 2.58 times compared with 2020. Source: Tracxn (last accessed 5 October 2021) 3Q2021 FinTech funding in Vietnam recovers from 2020 lows. Hanoi and Ho Chi Minh City have developed a robust ecosystem for tech startups, with dominating sectors including AI, e-commerce, fin-tech, and enterprise solutions. Learn More →. In 2019, Vietnam surpassed the tech leader Singapore's startup funding and earned 17% of South East Asia's total startup investment. 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