Vietnam: December 2022

Vietnam tech news
December snapshot

Vietnam’s tech news snapshot for December 2022 revolved around developments in the country’s startup ecosystem, with new international funding commitments emerging, and the TechFest Vietnam event where announcements were made.  Hit the links to read each article in full, online.

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Vietnam E-Conomy 2022 Report / Google, Bain, Temasek (pdf)

• Vietnam: An overview of the recent Techfest Vietnam 2022 event, and FundGo Startup and Investment Fund’s activities through the year

• “Venture capital firms have committed to invest $1.5 billion in Vietnam over the course of the next three years, the organisers of the Vietnam Venture Summit 2022 announced…”

“This combined commitment represents a major increase from 2020 when 33 participating VCs committed over $815 million for the 2021-2025 period. At the inaugural event of the Vietnam Venture Summit in 2019, investors committed $425 million to support Vietnamese startups between 2019 and 2021.”

• Vietnam: Quqo B2B distribution platform secures $1M seed funding, connecting buyers, suppliers, and end-consumers in the FMCG sector, digitizing to streamline supply chains

• “Vietnam’s startup market is set to receive investment capital worth US$5 billion during the 2023-2025 period.”

Lowy Institute: Asia Power Index, 2023 edition

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