15/04/2024

Vietnam is quickly becoming a “convergence point” for global tech giants, attracting hundreds of millions of dollars in investment projects. In recent years, foreign direct investment (FDI) has increasingly shifted toward green and high-tech sectors in Vietnam.


Over the past decade, tech startup investment has surged in Vietnam; however, the pace has slowed in the past two years amid global economic uncertainty. In the first nine months of 2023 alone, total investment in deals dropped 13%, reaching $427 million, with the number of transactions at its lowest since 2018.

Ms. Vy Le from Do Ventures noted that fundraising is becoming more challenging as investors exercise greater caution. Experts emphasize that focusing on core products will be key for startups to attract high-quality investment.

Despite the positive investment momentum, Vietnam faces challenges in meeting investor demand for a skilled workforce. To retain these major tech players, Vietnam will need to improve technical infrastructure, ensure macroeconomic stability, and create favorable incentive policies.


Source: VnEconomy.vn

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