Vietnam will be the third largest startup ecosystem in Southeast Asia
Vietnam will be the third largest startup ecosystem in Southeast Asia, GoldenGate Venture says
According to Golden Gate Ventures, Vietnam is expected to become the third largest startup ecosystem by 2022. Vietnam will have more than 300 IPOs in 2030, almost three times the number of companies listed in 2020.
As quoted by the press Vietnam News, Golden Gate Ventures said in its Southeast Asia Startup Ecosystem 2.0 report that Southeast Asia-focused venture capital is expected to invest earlier in Vietnam’s development. E-commerce, financial services, online media, online travel services, and food transportation are five sectors of Vietnam with great growth potential.
We’ve seen fast-growing start-ups in Southeast Asia, such as Grab and Go-Jek, but the new generation of entrepreneurs in these fast-growing companies are now starting their own businesses. Over the last decade, more corporate venture capitalists have arrived and they are leading more and more seed and Round A funding.
The Vietnamese government offers four years of corporate tax exemption and free government-owned innovation facilities and incubators for local start-ups.