HCM City ranks third in SEA 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.

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.

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 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./.