Educational technology (edtech) startups in Vietnam have drawn many domestic and foreign venture capital funds thanks to their high development potential.

Vietnam is a "rising star" and will emerge as the third-largest startup ecosystem in Southeast Asia in 2022, according to a report by venture capital firm Golden Gate.

A record high of US$1.35 billion was poured into Vietnamese startups last year, making the country among the most attractive destinations for startups in the region.

The National Startup Festival 2022 took place in Hanoi on January 19, bringing together policymakers, startup accelerators, mentors and advisers, investors, business leaders and representatives of international organisations.

The Mergers and Acquisitions (M&A) market in Vietnam has been going through a downturn due to the pandemic, but the technology sector is bucking the trend, according to experts at a seminar on digital transformation and M&A on January 11.

Otrafy, a startup that provides quality management and supply-chain software to the food industry, will represent Vietnam at the Startup World Cup next year after championing the National Innovative Technopreneur Contest on December 15.

Prime Minister Pham Minh Chinh attended the opening of the national festival for innovative startups TECHFEST and Week for Ho Chi Minh City Innovation, Startup and Entrepreneurship WHISE 2021 via videoconference in Hanoi on December 14.

Agencies of the National Assembly (NA) will continue to fine-tune and organise the implementation of policies related to people with disabilities, creating favourable conditions for them to access social services, Vice Chairman of the NA Nguyen Khac Dinh affirmed on December 13.

Karamba Security, an Israel-based security startup, has announced that it received additional US$10 million in the series B round led by Vietnamese auto maker VinFast, a member of Vietnam’s VinGroup conglomerate.

Despite the severe COVID-19 pandemic, the Vietnamese startup ecosystem is witnessing an impressive growth, with various startup projects being successful in gaining millions of dollars of capital this year.