With a large workforce, lower labour costs and sizeable market, Vietnam is one of the popular destinations for Singapore’s start-ups, according to The Straits Times.

The innovation week and startup festival of Hai Phong (Techfest Haiphong 2022) will take place from September 27 to October 4, according to Tran Quang Tuan, head of the northern port city's Department of Science and Technology.

The chance to disrupt the market – paired with confidence, optimism, and financial reward among other reasons – has drawn both home-grown and international startup entrepreneurs to Vietnam.

VOV.VN - Vietnam Startup Day 2022 kicked off in Ho Chi Minh City on August 25, attracting the participation of 150 Vietnamese and international startups.

Plastic People is the only Vietnamese innovator in the Top 5 of the Plastic Waste to Value Southeast Asia Challenge to tackle plastic waste mismanagement in the region.

A startup festival (Techfest) for the south-central and Central Highlands regions will take place in Khanh Hoa province on August 19-20, heard a press conference in Nha Trang city on August 16.

The explosion of online shopping and the increasing numbers of internet and smartphone users have contributed to market growth in Asia-Pacific, including Vietnam.

Dr Jonathan Choi, Chairman of the Hong Kong-based Sunwah Group, has expressed his optimism about Vietnam’s future, saying the country has recovered “very quickly” after the COVID-19 pandemic was controlled and is one of the best performers in the ASEAN in this regard.

Vietnam is creating favourable conditions for the birth of Asia’s next tech start-up unicorns, according to the Asian Development Bank (ADB) July 2022 report entitled “Vietnam’s Ecosystem for Technology Startups”.

VOV.VN - With the recent boom in blockchain technology and speedy digital transformation, the nation boasts huge potential for blockchain development to compete in the global market.