Gain: Creating Global Tech Champions


Consumption Growth

Vietnam’s GDP growth pace is set to sustain at around 7% through 2020s and will surpass the $10,000 GDP per capita milestone in 2030.

Young Population

With over 95 million residents, Vietnam ranks as the 14th largest population in the world. 60% are comprised of young population under 35.

Digital Population

Ongoing mobile and internet penetration that will bring 10M+ more consumer online by 2023.

Tech Investment

Vietnam jumped from the second least active startup ecosystem among the 6 largest ASEAN countries into #3, trailing behind only Indonesia and Singapore.

Vibrant Ecosystem

Vietnam has the third-highest rate for startups in Southeast Asia. By 2020, the city aims to have established approximately 1 billion new businesses and supported development of innovative startup enterprises.

Raising Fund

2018 and 2019 has also produced a new wave of Vietnam startups that raised $50M to $100M rounds for the first time.


  • The economy will expand 6.5% in 2020, which is unchanged from last month’s forecast, and 6.4% in 2021
  • The annual inflation rate in Vietnam declined to 1.98 percent in September 2019
  • Vietnam is quickly becoming an investment and tech hub for local and international enterprises, and Ho Chi Minh City is at the heart of this transformation
  • Access to a pool of highly-skilled programmers with reasonable labour costs
  • Foreign venture capital funds and international technology organisations are growing the footprint in Vietnam’s innovation economy
  • Best sectors for investment in Vietnam in 2019 such as: Real estate, Business process outsourcing, Retail banking and Fintech, , Traveltech, Logistech, Ecommerce, Ed-tech, Food and Modern agribusiness



Innolab Asia has been appointed as the implementation partner for Open Innovation Vietnam (a national initiative launched by NATEC at TechFest 2018 to build an open innovation platform to connect corporates, SMEs with the startup ecosystem in Vietnam towards 2025). Our vision is to create an innovative collaboration platform where all stakeholders in one innovation ecosystem meet, collaborate and succeed together. We also connect startups with corporates, VCs, investors, incubators, accelerators and relevant government bodies and assist in market entry.

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Schedule: Program is to be confirmed for the year 2020 Participation Costs: USD 2,500


  • Program of workshops and meeting activities
  • Mentor costs
  • City transportation


  • Flight tickets
  • Accommodation
  • Tickets to selected external events
  • Personal consumption