The Vietnamese startup community has made breakthroughs despite difficulties brought by the COVID-19 pandemic as a record high of more than US$1.3 billion in venture capital was pumped into startups last year.

Ten startups in promising new technology areas will receive financial benefits of US$10,000 each from Qualcomm, and be invited for months of technical and business incubation, the semiconductor producer announced on March 16.

Domestic firms should consider expanding partnerships with Japan in new areas like smart city and startup incubation, suggested Dr. Vo Tri Thanh, Director of the Institute of Branding and Competition Strategy.

A record of over US$1.3 billion was poured into Vietnamese startups in 2021 despite the complicated developments of the COVID-19 pandemic, helping the country rank third in the group of the most dynamic innovative startup ecosystems in Southeast Asia, only after Indonesia and Singapore.

VOV.VN - The Australian Government has pledged an investment of AUD4.9 million, equivalent to approximately US$3.5 million, in Ascend Vietnam Ventures, a Vietnamese venture capital fund which will support local burgeoning technology startup market, according to the Australian Embassy in Vietnam.

VOV.VN - The COVID-19 pandemic has negatively impacted all aspects of life, although the spirit of innovative start-ups over the years has greatly contributed to economic development and the nation’s further recovery.

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.