Google: Indonesia, Vietnam, and the Philippines are emerging as long-term investment hotspots for technology.

Southeast Asia remains an attractive investment destination for the technology sector. A report by Google, Temasek, and Bain titled "e-Conomy Southeast Asia 2022" predicts that Indonesia, Vietnam, and the Philippines will be long-term investment magnets for this sector.

The report indicates that venture capital investors in Southeast Asia have US$15 billion (approximately Rp233.5 trillion) in available capital, or "dry powder." However, they are reportedly choosing to fund startups they have previously invested in or those with decreased valuations.

"Venture capital is likely to only invest in portfolio startups or those already funded, rather than exploring unproven startups," according to the Google, Temasek, and Bain report, "e-Conomy Southeast Asia 2022," released on Thursday, October 27th.

Google, Temasek, and Bain predict that Singapore will continue to lead in venture capital funding for technology startups. However, Indonesia, Vietnam, and the Philippines are clearly emerging as "hotspots" for long-term investment in the coming years.

Investment deals in Vietnam's digital sector are projected to increase by 83% from 2025 to 2030. Funding for Indonesia and the Philippines is projected to increase by 73%, Singapore by 50%, Thailand by 47%, and Malaysia by 30%. Meanwhile, technology funding in other Southeast Asian countries is expected to grow by 17%.