Vietnam remained third in Southeast Asia, behind Singapore and Indonesia, in terms of the number of investments and amount of funding for startups.

Ascend Vietnam Ventures has exceeded its US$50 million target for its flagship early-stage venture capital fund, AVV Alpha.

E-commerce accounts for less than 5% of retail in Vietnam, meanwhile, it is one-third in China. That means the country's growth potential is huge.

The Vietnamese Government recognizes that tech startups are the new engines of growth for the country.

Vietnam, along with Indonesia and Singapore, remains a golden triangle for startup development in Southeast Asia.