Venture investors are eyeing Vietnam as the latest destination for their capital. Vietnamese start-ups raised a record $1.4 billion across 165 deals last year, according to Vietnam’s National Innovation Centre NIC. The year finished up from $894 million and 126 deals in 2019 an indication that dealmaking in the market has regained momentum following a small Covid-19-induced dip in 2020.
Start-up founders across the region not just from Vietnam are eyeing the Southeast Asian nation as an ideal launchpad for their regional businesses, explained Ascend Vietnam Ventures AVV co-founder and managing partner, Binh Tran.
“Vietnam’s tech ecosystem is relatively young, clocking in at six to seven…
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