Entrepreneurial hustle, tech talent, potential differentiates Vietnam from region: 500 Startups

Vietnam is receiving significant support to build a startup ecosystem and has drawn sizeable attention from investors. US early stage venture capital firm 500 Startups, that is among the most active in Southeast Asia this year, had announced its $10 million Vietnam-dedicated fund in March. The firm said that it had already helped its portfolio companies in Vietnam raise new follow-on funding. Four of the portfolio companies will have raised new rounds by the end of December, while three more are on track to do the same in the first half of 2017, the fund said in its December newsletter. In an interaction with this portal, 500 Startups’ local partners Eddie Thai and Binh Tran, shared their views on the startup scene in Vietnam and their expectation for 2017.