Vietnam’s youth start-up ecosystem has attracted 529 million USD in venture capital funding for start-ups in 2024, according to the National Study on the State of the Ecosystem for Youth Entrepreneurship in Vietnam.

Hanoi and Ho Chi Minh City have been listed among the top 200 startup cities globally, according to an announcement shared by the Ministry of Science and Technology (MOST) at a press conference for the Vietnam Innovative Startup Day (TECHFEST) 2024.

Ho Chi Minh City ranks third in Southeast Asia in terms of startup ecosystem value, with an economic impact of 5.22 billion USD, according to Startup Genome Global Startup Ecosystem Report, released at the Saigon Summit recently held in the city.

Enfarm, a Vietnamese startup, has introduced a groundbreaking technology that allows farmers to accurately measure soil nutrients, moisture, temperature, and pH levels at an affordable price.

Foreigners are choosing Vietnam as a place to open offices and employ workers in their businesses. With a young labor young force at relatively low cost, Vietnam has become an attractive destination for technology startups and multinationals.

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