Investment capital in Vietnamese startups decreased by two digits, to 529 million USD

According to the Vietnam Technology and Innovation Investment 2024 report announced at the Vietnam Innovation Forum 2024 taking place on April 26, Vietnamese startups have received a total amount of investment capital. is 529 million USD in 2023, down 17% compared to the previous year.

This decline shows that the technology investment landscape in Vietnam continues to be affected by the volatile economic situation globally.

However, compared to the 35% decrease in total venture capital investment globally, the slight decrease of 17% shows that the Vietnamese market is still resilient in the face of many challenges in the capital market.

In 2023, nearly 100 funds poured capital into Vietnamese startups, of which the most active investors came from Singapore, followed by Vietnamese investors.

The healthcare sector received a record high amount of capital, skyrocketing 391% over the same period last year, becoming the most invested sector.

The education sector also received the highest amount of capital ever, up 107% over the same period last year.

In the Southeast Asia region, Vietnam maintained third place in number of investment deals and regained third place in total investment value. Singapore leads in both number of deals and total investment value, followed by Indonesia.

Vietnam Innovation Forum 2024 is organized by the National Innovation Center (NIC) and Do Ventures Investment Fund with the desire to promote innovation activities in Vietnam, and discuss current trends. Latest investment direction in the field of innovation in Vietnam.