Investment in startup projects doubles in 2017
Vietnam recorded 92 startup investment deals worth more than 290 million USD in 2017, with the total value doubling that of 2016.
(Infographic: VNA)HCM City (VNA) – Vietnam recorded 92 startup investment deals worth more than 290 million USD in 2017, with the total value doubling that of 2016.
According to the Topica Founder Institute’s statistics for last year, of the total deals, eight were successfully divested via merger and acquisition (M&A) contracts worth 128 million USD.
There were about 40 investment funds, mostly foreign-based, operating in Vietnam.
Despite substantial growth, the capital poured into startup projects in Vietnam remained small compared to the region and the world.
The number of investment transactions in Vietnam was increasing, but transactions with less than 1 million USD made up the majority.
Few of the investments were worth more than 10 million USD. The number of merger and acquisition (M&A) deals was very small. No startup made an initial public offering (IPO).
The Government has employed many regulations to support startups, especially innovative startups, including Decree 38/2018/ND-CP on innovative startup investment.
A representative from Ministry of Planning and Investment, said Decree 38 identified and recognised innovative startup investment activities as a business and identified the legal status of innovative startups and funds.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
