WNAM MONITORING: Vietnam maintained its third position in the number of investment deals and regained the third place in terms of total investment in startups in Southeast Asia. That is notable information in the 2024 Technology and Innovation Investment Report released at the Vietnam Innovation Forum 2024 recently.
In 2023, Vietnamese startups received a total investment capital of USD 529 million.
Singapore led in both the number of deals and total investment capital for startups, followed by Indonesia.
In 2023, Vietnamese startups’ total investment capital of USD 529 million dropped by 17 percent compared to the previous year.
Meanwhile, Vietnam’s number of deals involving startups slightly decreased by 9 percent to 122 deals, reflecting that the technology investment landscape in Vietnam continues to be affected by changes in the global economy.
However, this reduction rate was slighter than the decrease of 35 percent to USD 345 billion in total global venture capital investment, showing that the Vietnam market is still an attractive destination in the capital market.
