Vietnam's Startup Investment Growth Highest in Southeast Asia

Technology & Telecommunications

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Andrea Lidwina 07/02/2020 11:13 WIB

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Startup investment in Vietnam grew by almost 160% in 2019, the highest in Southeast Asia. However, three countries in the region experienced negative growth.

Southeast Asian Startup Investment Growth (2019)

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Vietnam's Startup Investment Growth Highest in Southeast Asia

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Southeast Asian Startup Investment Growth (2019)

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Startup investment in Vietnam grew nearly 160% in 2019, the highest in Southeast Asia. The country received US$741 million in funding, up from US$287 million the previous year.

Investment in Thailand also grew by 73.1%, with Thai startups receiving US$135 million in funding.

Conversely, three Southeast Asian countries experienced negative growth last year. Startup investment in Malaysia and Indonesia plummeted by around 40%, while Singapore saw a slight decline of around 1.7%. The Philippines saw no growth in investment value.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."