Silicon Valley meets Saigon

Next Story

Invest in Vietnam: How You Can Play The Distribution Phase

May 04, 2016

Start-ups, e-commerce, co-working space and unicorns are historically the lingo of Silicon Valley angels and venture capital investors.  These same terms are becoming more commonplace in Vietnam as the startup community heats up.

With a population of around 95 million, Vietnam has emerged as the market to watch in Southeast Asia. With 40 million Internet users and 20 million smartphone users, the country is growing fast, prompting global VC’s and startups to make an entry.  With this impressive mobile expansion, startups need to be savvy with mobile and tap the power of social media.

Even the US government is jumping in on the action.  The US embassy in Vietnam is planning to organize an Entrepreneurship Challenge, which will grant seed money to the winners to help bring their startups to market.

Here is an unsolicited sample list, in no particular order, of companies in Vietnam’s current startup ecosystem:

Vietnam Silicon Valley – A project in Hanoi that has incubated and funded 15 technology startups with the help of Silicon Valley mentors since 2014.

Hub.IT – A co-working space and incubator in Hanoi funded by Topica.

Toong – A co-working space also in Hanoi, with amenities to stimulate creativity and relaxation in a balanced venue. A meditation room, game room, lounge, bar and art gallery provide startups, investors and mobile professionals a place to connect, network or just chill.

500 Startups – A Silicon Valley-based fund with $10 million dedicated to Vietnam financial startups, B2B firms and enterprise SaaS technology.

PeaceSoft – The leading online shopping, e-commerce, payment network, and advertising and publishing destination in the country.

Nganluong.vn – An online payment gateway for buying and selling online goods.

eBay.vn – An auction site partnership with eBay USA.

Shipchung.vn – A shipping portal fulfilling e-commerce deliveries for thousands of online merchants in Vietnam.

BoxMe.vn – The first warehousing and fulfilment system created in Vietnam.

Chodientu.vn – The first and oldest e-marketplace of Vietnam.

Hotdeal.vn – A coupon-based e-marketplace

This is just a partial list.  If you know of a promising startup or have a startup idea you want to put into action, let us know in the comment section, or sign up for a free initial consultation with Soledad Investment Management.

More From the Author

  • VNM on the Back of Unicorns, Beer & Films: Vietnam 2017 Forecast
  • Blog: ASEAN Is The First To Dump Trump
  • Blog: 6 Stats Explaining How Easy It Is To Do Business in Vietnam
  • 4 Ways A Trump Presidency Could Affect Vietnam
  • Latest Update: Dangerous Floods in Vietnam – Oct 20th
  • Vietnamese Stocks: Biggest One Day Loss in Two Months
  • VietnamAdvisors is on Barron’s Again!
  • Prisma Delight: Four Moments in Saigon
  • Casting Call HCMC Em Chua 18
  • Casting Call HCMC Vietnam International Fashion Week 2016
  • Saigon: Living Like a Prince via Amazing Deals
  • The World’s First-Ever Vietnam Tax Infographic
  • Interview: Two Venture Capitalists at the Forefront of Vietnamese Innovation
  • Cycling for Newborns!
  • Interview with Head of Uber Vietnam
  • Summer Reading For Asia Investors
  • Cambodia Rises in Economic Status
  • Venture Capital in Overdrive
  • All Aboard – Hop on the Deal Flow Train!
  • Kieu Hoang: Three Lessons from a King of Hustle
  • Leave a Reply

    Subscribe Today

    We will send directly to your inbox the latest Vietnam investment commentaries, travel tips and "in the know" tidbits! 
    Join the Vietnamese IN CROWD!
    First Name
    Email address