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The Vietnam Innovation & Tech Investment Report 2023 highlights the country's rapid growth in the digital economy, with a 28% increase from $18 billion in 2021 to $23 billion in 2022. The digital economy is expected to grow twice as fast as GDP through 2030, with the government aiming for it to account for 30% of GDP by that year. The Vietnam National Innovation Center (NIC) has been established to support innovation and entrepreneurship in the country, with initiatives to create a favorable environment for startups and investors while attracting international funding. The report provides an in-depth analysis of the tech investment landscape in Vietnam in 2022 and highlights the government's key initiatives that have driven the growth of the innovation ecosystem. It also delves into the notable trends and characteristics among different generations of Vietnamese venture capitalists to underline the rising role of local funds. The report aims to provide valuable insights for startups, investors, policymakers, and other ecosystem players seeking to understand the dynamics of the digital economy in Vietnam and opportunities for partnership.
