Insights

Vietnam has entered a transformative era — one where its ambition, resilience, and digital drive are converging to create unprecedented opportunities for private capital. The Vietnam Private Capital & Innovation Report 2025, jointly released by the Vietnam Private Capital Agency (VPCA), the National Innovation Center (NIC), and Boston Consulting Group (BCG), paints a compelling picture: Vietnam is not just ready for capital – it is ready to lead. Despite a cooling global economy and capital market tightening, Vietnam saw US$2.3 billion deployed across 141 deals in 2024. Resilient deal activity, buoyed by fundamentals, signals continued investor confidence even as global venture and private equity flows softened.

In collaboration with Glints, Monk's Hill Ventures launched the ultimate salary, insights and trends report to help startup founders in Southeast Asia reimagine team building and scaling in an AI era.

In 2023, Vietnamese tech startups received a total investment of $529M, which represents a 17% drop from the previous year. This statistic points to a sustained trend impacted by challenging worldwide economic conditions. Despite its own 17% decrease, Vietnam’s VC funding exhibited impressive resilience, standing out amidst a global environment where total VC funding dropped by 35%. In Southeast Asia, Vietnam maintained its third position in deal count and reclaimed the third spot in deal value, with Singapore leading in both aspects, closely followed by Indonesia. Healthcare and Education saw record-high investments, with impressive jumps of 391% and 107% respectively. In 2023, nearly 100 investors backed Vietnamese startups, with Singapore leading as the most active investor in Vietnam’s tech sector, followed closely by Vietnam in second place.

This joint report by Golden Gate Ventures and BCG provides a comprehensive analysis of Vietnam's investment landscape.

Despite a strong rebound in the prior period, Vietnam venture capital saw a sharp decline of 56% compared to the previous year in response to the prevailing global economic downturn.