Vietnamplus

Educational technology (edtech) startups in Vietnam have drawn many domestic and foreign venture capital funds thanks to their high development potential.

Vietnam will emerge in 2022 as the third largest startup ecosystem in Southeast Asia, with stronger signs of venture capital (VC) funds putting more efforts into early-stage investments in the country, according to a new report by venture capital (VC) firm Golden Gate Ventures.

The national innovation and start-up festival Techfest 2017 is going to take place under the theme “Start-up Ecosystem Connect” in Hanoi on November 14-15.

The start-up culture in Vietnam has taken off since last year, with more young people eager to start businesses as the Government and local organisations have offered more favourable conditions.

Venture capital is a relatively new concept for many Vietnamese, so the Government should attract investors to the field, Minister of Science and Technology Nguyen Quan said