Business

All-round report on Vietnam’s startup ecosystem to be unveiled

The Vietnam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the local startup and innovation ecosystem so far, is set to be released in December.
All-round report on Vietnam’s startup ecosystem to be unveiled ảnh 1Statistics show that Vietnam is currently home to about 3,000 innovative startups (Photo: vneconomy.vn)
Hanoi (VNA) –The Vietnam Open Innovation Landscape Report 2021, the most comprehensive andup-to-date overview of the local startup and innovation ecosystem so far, isset to be released in December.

The report, compiled by theNational Startup Support Centre and the BambuUP Joint Stock Company, will be availablein Vietnamese and English.

BambuUP General Director NguyenHuong Quynh said the report aims to give an all-round panorama of the openstartup and innovation ecosystem in Vietnam, update and analyse global anddomestic innovation trends, assess the role of Vietnam’s startup ecosystem in theworld, and create a diverse and up-to-date database.

It will also provide a “startupmap” in several outstanding sectors like retail, financial technology (fintech),educational technology (edutech), healthcare technology (healthtech), marketingand sales technology, logistics, agricultural technology (agtech & foodtech),and tourism, she added.

All-round report on Vietnam’s startup ecosystem to be unveiled ảnh 2Illustrative image (Photo: vneconomy.vn)
The report is expected to bea source of information for startups, enterprises, and investors to seek andexpand partnerships, thereby giving a stronger impulse to innovation andsupporting recovery and growth in the “new normal” period.

It will also help theGovernment and policymakers to map out long-term development orientations for theopen startup and innovation ecosystem, Quynh said.

She expressed her hope thatthis report will help introduce Vietnamese startups to foreign partners,including 5,000 organisations, businesses, and individuals in about 20 countries.

Statistics show that nearly135,000 businesses were established in Vietnam in 2020, and the country iscurrently home to about 3,000 innovative startups. Vietnam will emerge in 2022 as the third-largest startup ecosystem in Southeast Asia along with Singapore and Indonesia, according to the Southeast Asia Startup Ecosystem 2.0 report report by Golden Gate Ventures.

However, BambuUP noted morethan 95 percent of major enterprises have yet to gain sufficient information aboutthe country’s startup ecosystem, so demand for comprehensive and updatedinformation is now greater than ever./.
VNA
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