Vietnam's plans on digital economy, the Fourth Industrial Revolution, smart cities and startups are clearly helping the country’s IT industry continue to record strong revenue growth

The growth in investment size in Vietnamese startups over the past few years makes the target of having tech unicorns right in Vietnam feasible, Chu Ngoc Anh, minister of Science and Technology stressed.

For years, investors were willing to back losing businesses to gain market share. But now, there is more scrutiny of new investments.

The startup wishes to replace 250 million gasoline motorbikes with electric scooters in Southeast Asia.

With the deal, the group will “realize the commitment” to nurturing young Vietnamese entrepreneurs for societal betterment through smart transportation, smart city development and digital transformation.