HCM City ranks third in Southeast Asia for startup ecosystem value: report
Ho Chi Minh City ranks third in Southeast Asia in terms of startup ecosystem value, with an economic impact of 5.22 billion USD, according to Startup Genome Global Startup Ecosystem Report, released at the Saigon Summit recently held in the city.
HCM City (VNA) – Ho Chi Minh City ranks third in Southeast Asia in terms of startup ecosystem value, with an economic impact of 5.22 billion USD, according to Startup Genome Global Startup Ecosystem Report, released at the Saigon Summit recently held in the city.
Meanwhile, the 2023 Southeast Asia Digital Economy Report, jointly conducted by Google, Temasek, and Bain & Co, predicted that Vietnam’s digital economy will continue to grow at a rapid pace, with an estimated value of 45 billion USD by 2025.
Vietnam's large consumer base of approximately 100 million people offers significant opportunities for startups and businesses looking to expand their operations, it said.
In addition, a report from Vietnam's National Innovation Centre (NIC) and Golden Gate Ventures identified five key sectors expected to drive Vietnam's future economic growth - healthcare technology, financial technology (fintech), logistics tech, green economy, and educational technology.
Themed “Charting Vietnam’s Tech Future”, the Saigon Summit highlighted Vietnam’s growing prominence in the tech industry, which is rapidly advancing to compete with other major players in the region.
It attracted over 700 startup and innovation leaders from across Southeast Asia, alongside representatives of 50 companies and 20 prominent speakers. Keynote addresses were delivered by notable figures such as Le Hong Minh, founder and CEO of VNG; Niraan de Silva, CEO of VNLife; and Min-Liang Tan, CEO and co-founder of Razer.
𓃲 The event provided valuable networking opportunities for participants to connect with innovators and entrepreneurs, explore emerging sectors, and build partnerships. The summit's "Investor Hour" also featured tailored meetings based on industry sectors and stages of business development, encouraging in-depth discussions between founders and investors./.
Ample room remains for cooperation between Ho Chi Minh City and Japan’s Kanagawa prefecture, especially in sectors like logistics, healthcare, education, and industry, heard a seminar in the southern metropolis on November 13.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
