Vietnam-based company Abivin wins the 2019 Startup World Cup. (Photo: VNA) Hanoi (VNA) – Vietnam is becoming one of the hottest startup hubs notonly in Asia but also in the world, according to the International BusinessTimes (IBTimes), a world leading provider of business and financial news.
This is validated by local firms’ recent achievements in the sector, includingwinning a prestigious entrepreneur competition against the rest of the world,the newspaper said.
In the past years, Vietnam has moved from its rural and poverty-stricken pastto one of the most dynamic economies in Southeast Asia. In fact, it is one ofthe fastest growing economies in the continent. Pew Research’s study shows that94 percent of the respondents believe the next generation of Vietnamese willhave better financial stability than their parents.
The newspaper also affirmed Vietnam’s bright economic outlook, which isreflected through the growing number of locals and immigrants that venture intobusiness on its shores. The Southeast Asian country, with a population of 95million, is seeing a surge in the number of tech companies who are takingadvantage of its unique startup culture.
Citing Vietnam-based company Abivin which won the 2019 Startup World Cup as an excellentexample of Vietnamese startups, IBT said that the firm’s AI logistics platformbeat hundreds of other businesses around the world who pitched their ideas andvied for 1 million USD investment prize.
Abivin, which also won the regionalcompetition in Vietnam, bested 12 other finalists from Canada, USA, Japan,Australia, Finland and more. The regional competition was staged in 40countries before the finalists were chosen.
IBTimes is agrowing digital global news publication that delivers international businessnews to an audience of 50 million people worldwide every month through itsnetwork of digital publishing platforms.
IBTimesprovides comprehensive content around the most important business, economic andpolitical stories from around the world, while also adhering to other nicheareas that interest global readers. It is produced in 10 country editions in 5different languages, offering in-depth coverage that is relevant and specificto each global market.-VNA
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