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.

A delegation of the Ministry of Science and Technology recently paid a working visit to France and the World Intellectual Property Organisation (WIPO) in Geneva to promote cooperation in science, technology and innovation.

The FinTech market in Vietnam is expected to grow to US$18 billion by 2024, according to analysts at financial holding Robocash Group.

The first half of this year saw flows of foreign investment from the Republic of Korea (RoK) and Singapore, among others, in domestic pharma startups.

Vietnam has one of the newest and most dynamic start-up scenes in Asia, and it has emerged as a hub for start-ups, according to the recently released Emerging Giants in Asia Pacific report.

VOV.VN - The central coastal city of Da Nang hosted a virtual seminar on July 14 as part of efforts to strengthen connectivity between the city’s innovation startup ecosystem and Japanese partners.

Vietnam-based edTech platform Azota has raised US$2.4 million in a Pre-Series A round led by GGV Capital, a global venture capital firm that invests in local founders.