Capital sources for startups need catalysts and favorable environment
In the context of challenges surrounding the global economy, capital being poured into Vietnam’s startup and innovation sector has also fallen. With the arrival of foreign funds in the country and the birth of many domestic funds, there are opportunities for Vietnamese startups to raise capital if they can prove their business model and convince investors of their sound operational capacity, especially in the current context of significant fluctuations. Vietnam is considered a startup ecosystem of potential in the eyes of venture capital funds, but there remain certain barriers. In addition to internal efforts within startups, support from the government in removing investment and legal bottlenecks are also expected to help attract venture capital and innovation into the country.