Vietnam Could Be Asia's Next Startup Hub, VC Says
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Vietnam’s nascent startup sector is on pace to be the region’s next tech hub, according to Binh Tran, co-founder of Ascend Vietnam Ventures.
Venture funding for startups in Vietnam reached $2.1 billion last year, up from just $48 million in 2017, he said on Bloomberg Television’s “AseanAhead” segment. The sector is now attracting top tier Silicon Valley venture capitalists, including Goodwater Capital LLC, Accel Partners LP and Altos Ventures Management Inc, said Tran, co-founder of Klout Inc. who relocated to Vietnam from the San Francisco in 2020.