Vietnam expected to be 'rising star' in South-East Asia's startup ecosystem

SINGAPORE, July 16 (Bernama): Vietnam will emerge in 2022 as the third largest startup ecosystem in Southeast Asia, with stronger signs of venture capital (VC) funds putting more efforts into early-stage investments in the country, according to a new report by venture capital (VC) firm Golden Gate Ventures.

More start-ups in Southeast Asia are expected to go public, with the annual number of initial public offerings (IPOs) in the region expected to cross 300 by 2030, said the report "The "Southeast Asia Ecosystem 2.0” released on July 15 as quoted by Vietnam News Agency.