A model displayed at the Vietnam International Innovation Expo 2023. (Photo: VNA) NIC Director Vu Quoc Huy said that during discussionsessions, speakers discussed urgent issuesrelated to innovation and startups in the region and Vietnam, thus providingmulti-dimensional perspectives to guide investment strategies for startups in the Southeast Asian nation.
Deputy Minister of Planning and Investment Tran Duy Dongsaid that Vietnam faces a lot of challenges and also opportunities.
Deputy Minister of Planning and Investment Tran Duy Dong speaks at the event. (Photo: VNA) Delano Musafer, Head of Asia-Pacific Capital Markets on the NewYork Stock Exchange, said that Vietnam has emerged rapidly not only in Asia butalso in the global market. Many investors are paying attention to qualitycompanies with strong transformation strategies and high growth rates, and thatis a positive signal for Vietnam as it provides a clear strategy for domestic andforeign markets.
The Vietnamese innovation and startup ecosystem is on the rise, now ranked 46th out of the 132countries and economies according to the 2023 Global Innovation Index. It isone of the three countries with innovation results superior to the level ofdevelopment for 13 consecutive years.
Vietnam's startup ecosystem has increased from the fifth to the third position among the top six economies in Southeast Asia, reflected in theratio of capital invested in the innovation startup market as well as thenumber of investors and investment funds operating in the country.
In the first half of this year, investment in thetechnology sector in Vietnam still ranked third in Southeast Asia, with a totalcapital of 413 million USD./.
VNA
