July 26, 2015.
Vietnam Silicon Valley, or VSV, a government sponsored group in Vietnam that helps to fund startups, was initiated in 2013. VSV wants to encourage the creation of billion-dollar startups to make a difference in the world, while simultaneously boosting their country’s economy. Only a year ago, the mobile game “Flappy Bird” went viral. The game came out of Hanoi, created by Nguyen Ha Dong. Since then, many new startups and entrepreneurs have emerged and taken the scene in Vietnam. With currently between 1,000 and 2,000 startups, Vietnam’s goal is to have 5,000 functioning tech companies by 2020. With the necessary support from the government and VSV, the Vietnamese startup scene is well on its way.
Louie Nguyen, CFA is the CIO of San Diego-based Soledad Investment Management. Soledad invests qualified clients’ assets in markets around the world, including Vietnam.