FUNDING HALVES FOR VIETNAMESE TECH STARTUPS IN FIRST HALF OF 2024

Total funding into Vietnam tech startups dropped 52.7 per cent to $46.5 million in the first half of 2024, compared with $98.5 million in the first half of 2023, according to a report by Tracxn, a leading global SaaS-based market intelligence platform.

The report released on June 25 revealed that Vietnam tech startups garnered seed-stage funding worth $5.2 million in the first half of 2024, representing a 29 per cent drop from $7.4 million in the second half of 2023 and a 23.5 per cent decline from $6.8 million in the first half of 2023.

Early-stage investments stood at $41.3 million, a 41 per cent decrease from the $70 million raised in the latter half of 2023 and a 53.4 per cent drop from $88.6 million in the first half of 2023.

Furthermore, there was no funding for late-stage startups in the first half of 2024, mirroring the trend from the second half of 2023, whereas $3 million was raised in the first six months of 2023.

‍Ho Chi Minh City led the funding space, followed by Hanoi, showcasing the regional distribution of investment within Vietnam. Tech startups based in Ho Chi Minh City raised $36.3 million in the first half of 2024, while those based in Hanoi raised $7.7 million.

Sector-wise, transportation and logistics tech, edtech, and retail emerged as the top-performing sectors in the first half of 2024, highlighting strategic growth areas despite the overall funding decline. Companies in the transportation and logistics tech sector witnessed a huge spike of 940 per cent in funding, from $3 million in the first half of 2023 to $31.2 million in the first six months of 2024. The edtech segment, too, recorded a 280% surge in funding, from $2.5 million in the first half of 2023 to $9.52 million in the first half of 2024.

‍However, no new unicorns were created in the first half of 2024, continuing a similar trend in the previous period. The M&A landscape also saw a contraction, with only two acquisitions in the first half of 2024 compared to three in the first half of 2023. Notably, RHB Vietnam Securities was acquired by Public Bank for $15.2 million, marking the highest-valued acquisition in the period, following the Home Credit Vietnam buyout by SCBX.

‍Investment activity in Vietnam's tech ecosystem was driven by key players such as CyberAgent Capital, Insignia Ventures Partners, and Genesia Ventures, who remained the top investors overall. Northstar Ventures, Ansible Ventures, and Monk's Hill Ventures also stood out as significant contributors to the investment landscape in H1/2024.

‍Despite the funding challenges, Vietnam's tech startup ecosystem continues to exhibit resilience, driven by strong performances in key sectors and strategic regional investments.

Source: VIR

Related News

BANKING / FINANCE / INSURANCE / TAX

VIETNAM’S CREDIT TOPS VND19.18 QUADRILLION, FLOWS INTO PRODUCTION SECTORS

Total outstanding loans in Vietnam’s banking system had reached over VND19.18 quadrillion in the year to March 31, up 3.18% against the end of 2025, with lending largely directed toward production and priority sectors, according to the State Bank of Vietnam. Data released at the central bank’s first-quarter press briefing on April 14 showed that several Government-backed lending programs have recorded notable disbursement progress. A credit package for the forestry and fisheries sectors has been expanded sharply, from VND15 trillion to VND185 trillion.

Apr 16, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026

In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Apr 16, 2026

HR / LABOUR/ EMPLOYMENT

VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS

Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.

Apr 16, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM RAISES OVER VND80 TRILLION THROUGH G-BONDS IN Q1

The Vietnam State Treasury mobilized VND80.1 trillion through Government bond issues in the first quarter of 2026, fulfilling 73% of the quarterly plan and 16% of the annual target. This capital mobilization, unveiled by the Hanoi Stock Exchange (HNX), underscores a strong start for the domestic sovereign debt market.

Apr 16, 2026