Many startup businesses in Vietnam have chosen technological products and services as their development direction and have achieved impressive results so far. In 2021, Elsa was successful in its Series B funding round to attract US$15 million from Vietnam Investments Group and SIG. Among the 800 startup unicorns in the world, four come from Vietnam, namely VNG, Sky Mavis, VNLife and M_Service. Vietnamese startups can now enjoy a rich capital source from both large domestic corporations or trading boosting organizations and international investors like VSV Capital - Vietnam Silicon Valley, Mekong Capital, 500 Startups Vietnam, Vietnam Investment Group, IDG Ventures Vietnam, Nextrans. Another example is the 22-milion-dollar investment of VNG startup unicorn in Telio – a B2B e-commerce platform.

Source: VietNamNet News January 22, 2022 03:03 UTC