Vietnam’s startup market is shining on the global stage, with $18.15 billion in foreign direct investment by August 2023, marking an 8.2% increase from 2022. It ranks 54th globally, boasting around 3,800 startups. Since 2021, these startups have attracted $2.6 billion in investments, turning Vietnam into Southeast Asia’s tech hub. With 208 venture capital funds and Vietnam as the third-largest recipient of foreign investments in Southeast Asia, it’s part of the “Golden Triangle of Entrepreneurship” alongside Singapore and Indonesia. Key sectors include finance, non-essential and essential consumer goods, information technology, and growing interest in renewable energy, ESG factors, and more. The Vietnamese government supports startups through favorable policies and incentives.

For foreign startups eyeing Vietnam, Southeast-Asia Impact Alliance offers comprehensive services such as legal matters, market information, customer sources, or company management to navigate the market.