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Published by BARONMAG
Vietnam is ranked second in Southeast Asia in terms of the development rate of the startup ecosystem, according to Ernst & Young’s latest market research. According to a survey on Financial Sector Technology by Vietnam National University, Ho Chi Minh City (VNUHCM-IBT), more than 154 companies operate in the FinTech field in Vietnam, and 70% of them have raised funds from investors from developed countries such as USA, UK, France, and Japan. They have raised a record total of $117 million in 2018, which happens to be the highest amount of investment in Vietnamese startups so far.