Vietnam first spawned a unicorn in 2014 when tech major VNG Corporation was reported by the World Startup Report to secure the coveted $1-billion valuation. It was one year following VNG’s entry into the club that the region saw the birth of its second unicorn in Garena (now Sea Ltd).
It took VNG Corp nearly 11 years to reach the milestone, and, for Vietnam, the wait for a second unicorn continues despite all the right buzz surrounding its startup ecosystem.
