According to Tech Collective, the venture capital (VC) trend in Vietnam will be the driving force in the “Golden Triangle of Startups in Southeast Asia”, which includes Vietnam, Indonesia, and Singapore. More than $1.4 billion of investment poured into Vietnam’s tech startups in 2021; 1.6-fold more than in 2019. The number of funds investing in startups rose 60 per cent.
According to the Investment & Trade Promotion Center of Ho Chi Minh City (ITPC), Singapore is the leader among 116 countries and territories investing in the city, with 1,557 projects and total investment of nearly $13.6 billion. It also has the largest number of representative offices in the city, with 371 of the total of nearly 1,900.
