Prime Minister Pham Minh Chinh urged domestic innovative startups to work harder to become “unicorns” of the region and the world while addressing the key ceremony of the National Innovative Entrepreneurship Day 2022 (Techfest Vietnam 2022) in the southern province of Binh Duong on December 3.
Vietnam is creating favourable conditions for the birth of Asia’s next tech start-up unicorns, according to the Asian Development Bank (ADB) July 2022 report entitled “Vietnam’s Ecosystem for Technology Startups”.
Asia and the Pacific’s next tech start-up “unicorn” may come from Vietnam, as the groundwork to build a strong ecosystem capable of supporting these businesses is well underway, according to a new report by the Asian Development Bank (ADB).
Three Vietnamese startups have been selected by Microsoft to participate in the “Highway to a 100 Unicorns” initiative in the Asia-Pacific region, a scheme that aims to strengthen the region’s startup ecosystem.
Vietnam wants to have at least five billion-dollar tech firms (unicorns) by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.
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