Vietnam's startup ecosystem is growing in depth.
The report indicates that Vietnam's startup ecosystem has entered a more advanced stage of development after more than ten years of formation, with over 4,000 innovative startups and two active tech unicorns.
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A highlight of this year's report is the shift in investment trends from mass support to a focus on core technologies. Vietnam is implementing a plan to establish a national venture capital fund, expected to have an initial state capital of approximately $20 million and aiming to reach a size of at least $100 million to support technology startups. Local authorities are also encouraged to establish provincial-level venture capital funds to attract private capital and international partners.
According to UNDP data, Vietnam has entered an accelerated phase in the deployment and application of AI. Currently, there are 765 active AI/ML startups, while private capital invested in this sector has increased eightfold compared to 2024, reaching approximately $80 million.
The total venture capital investment across the market in 2025 is projected at $398 million across 118 deals. Sectors attracting strong investment include B2B digital transformation, agricultural technology, AI, climate technology, the creative economy , educational technology, green plastic solutions, electric vehicles, and Vietnamese startups abroad.
Strategic direction lays the foundation for a new generation of unicorns.
The goal of creating 3-4 more unicorns by 2030 is linked to Vietnam's strategy of developing 11 strategic technologies, with a focus on artificial intelligence (AI), semiconductor technology, and green technology. These three areas are expected to drive national competitiveness, expand the scale of technology businesses, and generate a new wave of investment in the economy.
This strategy aims not only to increase the number of unicorns, but also to foster technology companies capable of leading regional markets, mastering core technologies, and directly contributing to digital transformation and knowledge-based economic growth.
The establishment of a national venture capital fund, the promotion of linkages between central and local governments, businesses, and investors, along with the increasing flow of international capital, are considered crucial factors in helping Vietnam realize this goal.
Source: https://doanhnghiepvn.vn/cong-nghe/khoi-nghiep-viet-nam-tang-toc-ky-vong-them-ky-lan-trong-linh-vuc-ai-va-ban-dan/20251212051451373
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