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Facts and Figures
Vietnam

Population
98.9 million (2023)
Capital
Hanoi
Major Cities
Ho Chi Minh City, Da Nang, Can Tho, Hai Phong
GDP per Capita
4,346 USD (2023)
Average Age
32.9 years (2024)
Main Industries
textiles, telecommunications, furniture, tourism

The startup ecosystem in Vietnam

Vietnam’s startup ecosystem continues to grow in the major cities and expand into second-tier cities, generating a broader range of startups targeting local markets. Organizations are specializing in verticals and providing support for corporate innovation. Multiple cities now host incubators, accelerators, and mentorship programs, creating a strong foundation for further ecosystem growth. A national government program supports innovation and access to international markets. While there is a healthy flow of domestic and international investment, gaps remain in funding for early-stage startups and women founders