Vietnamese startups not ready for later stage investment: Mai Duy Quang, Topica

Regulations have been a major obstacle to investment activities in Vietnam, and startup visas is a recent issue that has seen a lot of debate within the country’s entrepreneurs. In an interview with DEALSTREETASIA, Mai Duy Quang, a director at Topica Founder Institute and vice president of the Vietnam Software and IT Service Association (VINASA), emphasised that the issue of business visas as well as legal and regulatory challenges in Vietnam were impeding the robust growth of startups. Edited excerpts:-