(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