By the end of 2024, Vietnam’s startup ecosystem had grown to over 4,000 startups, including two unicorns and eleven endeavors valued at over $100 million.
Aus4Innovation is a ten-year (2018-2028) AUD33.5 million flagship program aimed at strengthening Vietnam’s innovation system to support inclusive and sustainable socio-economic development.
The tax authority has already implemented tax collection for cross-border e-commerce platforms from 102 foreign suppliers, including Facebook, Google, etc.
The business community has witnessed positive policy shifts from regulatory bodies, with the government actively addressing outdated regulations and streamlining administrative procedures.