The United Nations Development Programme (UNDP) has made significant strides in building the capacity of vulnerable communities in Vietnam through initiatives aimed at both Social Impact Businesses (SIBs) and youth
Introduction and Investment Philosophy Quest Ventures is one of Asia’s leading venture capital firms, supported by Singapore’s national investment fund and a network of institutional investors, family offices, and influential
Global and Domestic Context The coming period is expected to bring complex, rapid, and unpredictable developments in the global landscape. The world economy is undergoing profound, comprehensive transformation, driven by
The United Nations Development Programme (UNDP) has made significant strides in building the capacity of vulnerable communities in Vietnam through initiatives aimed at both Social Impact Businesses (SIBs) and youth
The United Nations Development Programme (UNDP) has been actively involved in building the capacity of government agencies and relevant organizations to foster innovation and sustainable development. One of its prominent
The United Nations Development Programme (UNDP) plays a significant role in promoting the startup ecosystem in Vietnam, particularly in addressing sustainable development challenges. UNDP runs various projects that support not
Promoting international partnerships is a key strategy for leveraging external resources to strengthen the country’s startup ecosystem. Through various initiatives, Vietnam has established strong collaborative ties with major international organizations
Vietnam’s Startup Ecosystem Ranking on the Global StartupBlink Index According to the Global Startup Ecosystem Index by StartupBlink in 2024, Vietnam ranks 56th in the world, improving by two places
Open Innovation (OI) is a strategic approach that encourages businesses to leverage external creative resources such as experts, research institutes, and creative communities to improve their products and services. The
Da Nang has made significant progress in establishing policies and developing its startup ecosystem. The 2016 Decision No. 844/QĐ-TTg laid the legal foundation for the city to issue more than
In 2019, the Hanoi People’s Committee approved the “Creative Startup Support Program in Hanoi for 2019-2025,” marking an important step in the development of a dynamic and sustainable startup ecosystem.
Ho Chi Minh City (HCMC) plays a pivotal role as the driving force of Vietnam’s startup ecosystem, accounting for approximately 50% of the country’s startups. The city hosts about 40%
In recent years, the support for startups has gained momentum across Vietnam’s provinces and cities, reflecting strong local alignment with the national innovation agenda. As of now, 60 out of
The National Innovation Center (NIC), operating under the Ministry of Planning and Investment of Vietnam, was established by the Prime Minister’s Decision No. 1269/QĐ-TTg dated October 2, 2019. The NIC
Fostering Innovation and Collaboration in the Ecosystem In the coming years, the focus must be on facilitating open innovation and collaboration among various players in the ecosystem. Large corporations, government
Leveraging the Expertise of the Vietnamese Overseas The Vietnamese diaspora plays a critical role in contributing to the country’s innovation ecosystem. Engaging intellectuals, experts, and entrepreneurs abroad can provide practical
The State Bank of Vietnam (SBV) has played a crucial role in supporting the innovation startup ecosystem through institutional reforms, policy development, and preferential credit mechanisms. These efforts aim to
The Ministry of Foreign Affairs (MOFA) has proactively mainstreamed innovation and startup support into its foreign economic policies and strategic government directives. These efforts contribute to implementing national objectives for
As part of the Master Plan for Vietnam’s APEC Year 2017 and the implementation of the Ministerial Meeting on Small and Medium Enterprises (SMEs) hosted by the Ministry of Planning
Since 2013, Vietnam has been an official member of the Global Entrepreneurship Network (GEN), with the Vietnam Chamber of Commerce and Industry (VCCI) serving as the national focal point. Vietnam
The National Startup Program (originally managed by Business Forum Newspaper, now under Business Forum Magazine, official website: www.khoinghiep.org.vn) has solidified its pivotal role in promoting entrepreneurship and nurturing the startup
Vietnam’s startup ecosystem has evolved into one of Southeast Asia’s most dynamic markets, driven not only by local entrepreneurial spirit but also by an increasingly diverse pool of investment sources.
Entrepreneurship has emerged as a key driver of innovation and economic growth. Among the vibrant contributors to this transformation are students—young individuals full of creativity and ambition. Recognizing their potential,
A comprehensive and enabling legal framework is fundamental to the growth of Vietnam’s startup ecosystem. Over the years, Vietnam has made significant strides in establishing and refining policies to support
Vietnamese Startups Drive Innovation in Emerging Technologies In the realm of high-tech and emerging technologies, Vietnamese startups are swiftly adopting cutting-edge tools – from artificial intelligence (AI) to blockchain –
Green-Tech Startups Accelerate Vietnam’s Sustainable Transition In Vietnam’s green transition landscape, startups are making significant strides in developing environmentally friendly technological solutions that contribute to environmental protection and sustainable development.
Vietnam’s Leading Startup Sectors Drive Innovation and Investment Vietnam’s startup ecosystem has grown into one of Southeast Asia’s most dynamic innovation hubs, driven by a variety of industries that are
Overview of the current landscape Most startups in Vietnam are still in the early fundraising stages, primarily in the Pre-seed and Seed rounds. Notably, the Pre-seed round accounts for the
Vietnam’s high-tech investment landscape has witnessed a remarkable transformation over the past decade, with the rise of a dynamic and integrated startup ecosystem. Growth of High-Tech Startups Vietnam’s startup ecosystem
In the era of digital transformation, entrepreneurship has become a golden opportunity for Vietnamese youth to realize their ambitions, generate wealth, and contribute to national development through innovation and knowledge.
In an economy that increasingly demands innovation and entrepreneurial spirit, Vietnamese women have asserted their vital role – not only as a key workforce but also as driving forces behind
The Vietnamese government launched Project 844 in 2016 (Decision No. 844/QD-TTg) to foster a dynamic startup ecosystem by supporting fast-growing enterprises built on intellectual property. In 2021, the project was
Vietnam’s startup ecosystem is emerging as a key driver of innovation, economic development, and social progress. The role of the startup ecosystem has become increasingly central over the past decade,
As growth programs designed to launch and energize startups become increasingly popular, the terms “business incubators” and “accelerators” are often used interchangeably. This is understandable, as these two types of
Vietnam’s startup ecosystem has rapidly evolved, with thousands of new enterprises emerging across various industries. Over the past decade, Vietnam has become one of Southeast Asia’s most dynamic startup hubs,
Vietnam’s startup ecosystem has undergone remarkable growth over the past decade, transitioning from an emerging landscape to a dynamic and competitive market within Southeast Asia. This article outlines the key
In recent years, Vietnam’s startup ecosystem has experienced significant growth, contributing to the nation’s economic development. To effectively engage with this ecosystem, it’s essential to comprehend the key terms and
Vietnam is emerging as an attractive destination for foreign venture capital investors, with a dynamic and promising startup ecosystem. Despite significant opportunities, Vietnamese startups face numerous challenges in attracting and
Vietnam has emerged as an attractive destination for foreign venture capital (VC) investors, thanks to its rapidly growing startup ecosystem and high innovation potential. However, while there are many opportunities,
Vietnam’s startup ecosystem has been rapidly expanding, attracting substantial interest from both domestic and international investors. Recognizing the importance of venture capital (VC) investments in fostering innovation and economic growth,
The Growth of Vietnam’s Startup Ecosystem Vietnam’s startup ecosystem has witnessed rapid growth in recent years, attracting significant attention from both domestic and international investors. The combination of government support
WHAT IS MARKET ENTRY Market entry refers to the strategic process through which a business introduces its products or services into a new market. This could mean expanding into a
THE URGENCY OF SALES ACCELERATION IN B2B In today’s hyper-competitive, digitally driven economy, the ability to accelerate sales is no longer a “nice-to-have” — it’s a critical business function. This
THE RISE OF COLLABORATIVE INNOVATION In today’s hyperconnected and rapidly evolving world, innovation has become the heartbeat of progress. Yet, as technology grows more complex and global challenges become more
Based on data collected from the survey “Current Situation and Operations of Startups in Vietnam”, the majority of startups have recognized and highly valued the importance of intellectual property (IP)
As Vietnam’s startup ecosystem enters a new phase of maturity, a transformative force is emerging at the intersection of entrepreneurship and collaboration: open innovation. No longer just a buzzword or
At NSSC, we believe in the power of collaboration to shape a thriving startup ecosystem.
Together, we both strengthen position in the global startup ecosystem landscape.
