Venture capital poured into startups in Vietnam is at a record high

This is a notable highlight in the announcement of the Vietnam Innovation and Technology Investment Report on April 21, organized by the National Innovation Center (NIC) and the Venture Capital Fund Do Ventures. office.

The figures in the report show that, after a difficult year in 2020, the domestic innovation and startup ecosystem has recovered and achieved remarkable achievements in 2021, despite the pandemic. COVID-19 is complicated and stressful.

Accordingly, the total investment amount reached 1.4 billion USD, an increase of 1.5 times compared to the previous record 874 million USD in 2019. Along with that, the total number of investment deals also reached children. the highest number ever is 165, up 57% compared to 2020.

In 2021, the total number of investment funds operating in Vietnam will increase by 60%, evenly distributed among countries. In which, Singapore is the country with the most active investors.

Venture capital flows into Vietnamese startups in the period 2013-2021.

According to the above report, before the new development, investor’s taste has quickly shifted to focus on industry groups that are not strongly affected by the pandemic. Moreover, the convenience of webinar applications also makes travel restrictions no longer a barrier in the investment decision-making process.

Add a highlight, tIn the past year, Vietnam has recorded the appearance of two new technology unicorns, Momo and Sky Mavis. The success of these two companies further affirms Vietnam’s position as an emerging technology hub of the region.

In 2021, payment activities and e-commerce are still the two leading industries in attracting investment capital. While the online gaming industry (Gaming) has risen to third place among the most invested industries thanks to the global success of Sky Mavis and its Axie Infinity product.

In terms of investment value, in the past year, the amount of investment in fundraising rounds of over 10 million USD reached a record of nearly 1.2 billion USD, accounting for more than 82% of the total investment capital of the whole year of 2021. This continues to set a new record when this figure in previous years was 74% in 2021 and 78% in 2019.

In addition, the capital for rounds with a value of less than 10 million USD has also reached a new threshold of 256 million USD, an increase of 118% compared to 2020.

The fact that investment capital has been distributed relatively evenly between capital raising stages in recent years partly shows the stable development of Vietnam’s startup ecosystem.

DIGITAL TRANSFORMATION HELP ENTERPRISE CAN ACHIEVE EXCELLENT GROWTH

At the ceremony, Deputy Minister of Planning and Investment Tran Duy Dong mentioned that “innovation” is an inevitable trend not only in Vietnam but also in the world. At the same time, in recent years, Vietnam has made drastic changes in mechanisms and policies for innovation.

This is reflected in the Global Innovation Index (GII), which goes from 52/141 countries and economies in 2015 to 44/132 in 2021, holding the number one spot in a group of 29 countries. same level of income.

Deputy Minister of Planning and Investment Tran Duy Dong

According to Mr. Dong, innovation and digital transformation activities have not only helped many businesses overcome the crisis, but also helped many companies achieve outstanding growth.

Representative of the National Innovation Center (NIC), Mr. Vu Quoc Huy – Director of NIC said that with the achievements achieved in the past year, 2022 will be the pivotal year for the innovation ecosystem. Vietnam has made breakthrough developments, opening up many opportunities for the next stage of development of innovative enterprises and Vietnam’s digital economy.

Meanwhile, Ms. Le Hoang Uyen Vy, CEO of Do Ventures Fund, said that the e-commerce and startup ecosystem in Vietnam has made impressive recovery steps in 2021 thanks to the persistence of the startups. businesses as well as timely support from the Government.

“With the current momentum of development, I believe that the founders of Vietnam will continue to achieve success and make Vietnam a remarkable technology hub in the region,” said Ms. Le Hoang Uyen Vy. express.

According to Tuan Viet