Vietnamese technology start-ups raised more than US$120 million in 2024, a 38.7% decrease compared to the US$196 million in 2023, reported the market intelligence platform Tracxn.

Many technology talents have been returning to Vietnam after studying abroad, helping fuel not only domestic electronics supply chains but also the fast-growing digital economy.

A training course of the Google for Startups programme has been held for 25 tech startups in the southern region of Vietnam.

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”.