Strengthening the innovation startup ecosystem in Vietnam

Strengthening the innovation startup ecosystem in Vietnam

In recent years, the innovation startup ecosystem in Vietnam has developed strongly. Thanks to a national plan on the issue as well as the launch of initiatives like Techfest last week, Vietnam has risen from one of the least dynamic startup ecosystems in the region to rank 44th among over 130 countries in the Global Innovation Index for 2024, up four places from 2023.
TECHFEST Vietnam 2024 awards YERA first prize

TECHFEST Vietnam 2024 awards YERA first prize

YERA, a protein product made from microbial yeast, won first prize at the National Creative Startup Talent Search Competition at TECHFEST Vietnam 2024.
TECHFEST 2024 hears innovative startup ecosystem solutions

TECHFEST 2024 hears innovative startup ecosystem solutions

TECHFEST 2024 was organised by the Ministry of Science and Technology in Haiphong on November 26.
Dat Bike gains momentum with $4 million boost

Dat Bike gains momentum with $4 million boost

After securing a $4 million convertible loan from InfraCo Asia under PIDG, Vietnamese startup Dat Bike is accelerating rapidly, capturing market share, drawing consumer attention, and stepping into a new era of green transportation.
Growth beckons for GenAI startups in Vietnam

Growth beckons for GenAI startups in Vietnam

The ASEAN GenAI Startup Report shows a boost in funding for startups in the GenAI field, as two thirds have secured early-stage funding in 2024.
PangoCDP bags $1.5 million in seed funding round

PangoCDP bags $1.5 million in seed funding round

PangoCDP, a Vietnam-based B2B startup, announced on October 29 that it successfully wrapped up a $1.5 million seed funding round led by Kairous Capital.
Failed companies outpace new ones

Failed companies outpace new ones

Despite a gradual recovery in domestic production, the Vietnamese economy remains sluggish, with the number of businesses leaving the market outpacing new establishments thus far this year.
Startup business models can be built centred on AI

Startup business models can be built centred on AI

Experts believe that while startups may face challenges in the initial phase, success could be more attainable if they build their business model around AI.
Da Nang, RoK's Seoul fortify startup community connections

Da Nang, RoK's Seoul fortify startup community connections

A scientific workshop titled "Connecting Innovation Spaces: Da Nang - Seoul" was held in the central beach city of Da Nang on August 29.
Every Half Coffee Roasters secures new funding from Singaporean investment firms

Every Half Coffee Roasters secures new funding from Singaporean investment firms

Vietnam's Every Half Coffee Roasters has secured new funding from Singaporean investment firms Openspace Ventures and DSG Consumer Partners.
NIC to venture into startup investments

NIC to venture into startup investments

The MPI wants to set up a national innovation fund.
Blazing a global trail with straw firelighters

Blazing a global trail with straw firelighters

Firelighters made from straw, developed by Nguyen Xuan Tai, are being exported to the United States and Canada as an innovative, eco-friendly product.
Vietnam and South Korea sign MoU to boost innovative startup development

Vietnam and South Korea sign MoU to boost innovative startup development

The startup community is set to get a boost thanks to a new MoU.
Funding halves for Vietnamese tech startups in first half of 2024

Funding halves for Vietnamese tech startups in first half of 2024

Total funding in Vietnamese tech startups dropped 52.7 per cent to $46.5 million in the first half of 2024, compared with $98.5 million in the first half of 2023, according to a report by Tracxn, a leading global SaaS-based market intelligence platform.
Online recruitment startup JobHopin slashes operations amid funding struggles

Online recruitment startup JobHopin slashes operations amid funding struggles

Vietnam-based online recruitment startup JobHopin has drastically scaled down its operations to a skeleton staff, according to Dealstreetasia.
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