According to a report recently released by Topica Founder Institute (TFI), a startup accelerator program in Vietnam and Thailand run by Hanoi-headquartered multinational educational technology company Topica, 92 investment deals amounting totaling $889 million were struck in 2018.

The most profitable fields for startups in 2018 were fintech, e-commerce, and traveltech.

Domestic funds invested over $500 million, over half of total investments in startups, director of TFI Mai Duy Quang said. "This means that domestic funds are paying more attention [to Vietnamese startups], and that there is an abundance of domestic capital available for startups right now."

Of these, the top 10 investments alone totaled $734 million, accounting for 83 percent of the total value of all investments in startups. The three biggest deals were made by Vietnamese multichannel media giant Yeah1 ($100 million), e-commerce company Sendo ($51 million) and tech education company Topica ($50 million).

The five most profitable fields for startups were fintech, e-commerce, traveltech, logistics and edtech. Fintech returned to the top spot in investment volume in 2018 with 8 deals totaling $117 million.

In second place was e-commerce, which saw just 5 deals worth around $104 million, down from 21 deals in 2017. Traveltech (technology services related to tourism) was an unexpected third, with 8 deals worth $64 million by online hotel booking service Vntrip, homestay platform Luxstay, cheap flight booker Atadi, and business to business travel network Vleisure.

Logistics and edtech fields respectively attracted 3 and 4 deals worth a combined $50 million.

"Vietnam is a vibrant startup market full of potential for breakthroughs if proper investments are made," said Yinglan Tan, founder of Insignia Venture Partners.

According to the TFI report, startups struck 92 investment deals in 2017, too, but the total investment capital was just $291 million.

Start up with Q-Mart convenience stores

(BGO) - Duong Van Quan (born in 1983) at Kha La hamlet, Tan Lap commune, Luc Ngan district, Bac Giang province is the head of Q-Mart, a chain of convenience stores and director of Viet Lai Phat investment JSC specializing in exporting lychee. He not only enriches himself and his family but also creates jobs for the youth and contributes to consumption of the local agricultural produce. 

 

Women of Da Mai ward start up with dried vermicelli

(BGO) - Fresh vermicelli used only within one day is made into dried one which can be preserved for half of a year with solar energy. This startup idea by the group of authors in Da Mai ward, Bac Giang city won the first prize at the provincial “Women’s Startup Idea Contest in producing and processing safe farm produce”.

 

Best Vietnamese startups honoured

The automatic multi-channel selling project PowerSell has won the first prize of the “Startup Viet 2018”, an annual programme selecting the best startups in Vietnam.

 

Bac Giang’s youth confidently runs startups and creates bright future

(BGO)- In current hectic life, a number of young people take challenges to run their startups in new sectors. With their passion and dynamism, many of them succeed in realizing their dreams.

 

Vietnamese startups to compete in November

The final round of NTT Com Startup Challenge, a contest for Vietnamese startups, will be held in Ho Chi Minh City on November 22.

 

Source: VnExpress