Most Vietnamese startups find it difficult to call for investment, especially foreign investment.

Vietnam's plans on digital economy, the Fourth Industrial Revolution, smart cities and startups are clearly helping the country’s IT industry continue to record strong revenue growth

Treating waste is not an easy task in Vietnam. A start-up has chosen for itself the tough job of connecting various parties for treating waste. 

The newearphone is a wireless smart device that can track brain waves, facial muscles and eye movement, thereby helping regulate and improve the quality of sleep.

The rapid development of the IT revolution has helped startups generate a buzz in the social circle, establishing a new era of promoting globalisation in all sectors while building a new economy – the sharing economy.

Giving up a doctoral degree at Paris Sud University in France, Le Cong Thanh set up a business which collects 14 billion data records and scans 40 million bits of information a day.

There has been a growing number of local startups who neglect raising funds in subsequent rounds after gaining initial successes, said an expert.

Tran Khanh Trang closes the lid of her laptop after a long discussion with her human resources team, ending just another ordinary day in her life.

The success of startups depends on the support of the community so they can grow and become unicorns.

The startup ecosystem has been developing very strongly over the last 15 years, but no other unicorn startup has appeared, except VNG, which was valued at $1 billion in 2014.

VietNamNet Bridge - Vietnam has no startups with value of $1 billion and higher (called unicorns), but foreign investment funds are optimistic about the future.

VietNamNet Bridge - With many promotion programs, Vietnam is looking to be recognized as a "startup nation". However, the business environment lacks innovative models.

VietNamNet Bridge - Even startups with good plans and funding can sometimes face problems or fail. Here are a few that encountered difficulties in 2018. 

VietNamNet Bridge - Vietnam’s fintech market was valued at $4.4 million by the end of 2017, and the figure may reach $7.8 billion by 2020, a study of Solidiance found.

VietNamNet Bridge - More large-scale investment funds are being set up, and the value of investment deals is increasing, especially in technology startups. 

Startup funds only reserve 10 percent of their capital in agriculture, a field which bears high risks.

VietNamNet Bridge - Consultants say that even startups with high capability and good business ideas are finding it difficult to call for investment.

VietNamNet Bridge - Forty venture funds operate in Vietnam, but most of them are foreign invested.

VietNamNet Bridge - Lacking venture funds and strong service bases, Vietnam is still far from reaching its goal of having 5,000 technology startups by 2020.

VietNamNet Bridge - Investors have poured more capital into Vietnamese technology startups amid the strong rise of new technologies such as AI and Big Data.