In 2018, investments in Vietnamese startups reached US$889 million, nearly triple the deal value compared to US$291 million in 2017, according to a report released by Topica Founder Institute (TFI), a startup accelerator programme. The number of deals in 2018 was the same as 2017, at 92.
Last year was a significant year for Vietnamese startups with Yeah1, a digital video firm being listed on the Ho Chi Minh City Stock Exchange at a valuation of $500 million. In addition, VNG, an internet and gaming firm, is on track to be the country’s first unicorn with a valuation of over US$1 billion.
This is an exerpt from an article appearing on Vietnam Briefing. For the latest economic, regulatory and business news on Vietnam, visit vietnam-briefing.com.
