Top 20 Startups in Vietnam: Innovating the Future

 Top 20 Startups in Vietnam: Innovating the Future

Vietnam's startup landscape is rapidly evolving, brimming with fresh ideas and entrepreneurial spirit. From fintech to health tech, Vietnamese startups are making significant strides and grabbing global attention. Here’s a look at the top 20 startups in Vietnam that are leading the charge, including their industry, founders, year of foundation, and valuation.

1. MoMo

Industry: Fintech
Founders: Nguyen Ba Quoc and Nguyen Manh Tuong
Year of Foundation: 2010
Valuation: $2 billion

MoMo is Vietnam's leading mobile wallet and financial services platform. It offers a range of services from digital payments to financial management, making it a staple in the daily lives of millions of Vietnamese users.

2. Tiki

Industry: E-commerce
Founders: Hanh Nguyen and Trung Nguyen
Year of Foundation: 2010
Valuation: $1 billion

Tiki started as an online bookstore and has evolved into one of Vietnam's largest e-commerce platforms. It offers a wide range of products, from electronics to fashion, and is known for its efficient delivery services.

3. Shopee Vietnam

Industry: E-commerce
Founders: Chris Feng
Year of Foundation: 2015
Valuation: $15 billion (Shopee's global valuation)

Shopee, owned by Sea Group, is a leading e-commerce platform in Southeast Asia. In Vietnam, it has become a major player in online shopping, providing a wide range of products and services with a focus on user experience.

4. VNPay

Industry: Fintech
Founders: Nguyen Huu Tuat and Nguyen Ba Quoc
Year of Foundation: 2007
Valuation: $500 million

VNPay is a prominent payment gateway and digital wallet service provider in Vietnam. It facilitates secure transactions for businesses and consumers, making online payments more accessible.

5. Topica EdTech

Industry: EdTech
Founders: Nguyen Thanh Nam and Doan Thi Quynh Nga
Year of Foundation: 2011
Valuation: $60 million

Topica EdTech offers online education solutions, including courses and degree programs. It provides flexible learning options for students and professionals, enhancing educational accessibility in Vietnam and beyond.

6. Rongbay

Industry: Classifieds
Founders: Nguyen Huu Tho and Nguyen Thi Thu Thuy
Year of Foundation: 2007
Valuation: $40 million

Rongbay is a popular online classifieds platform in Vietnam. It allows users to post and browse advertisements for various products and services, including real estate, jobs, and automobiles.

7. Logivan

Industry: Logistics
Founders: Le Thanh Binh and Le Hoang Phuc
Year of Foundation: 2017
Valuation: $30 million

Logivan is a logistics startup that connects shippers with truck drivers using a digital platform. It aims to streamline the transportation process and reduce costs for businesses and consumers alike.

8. Coolmate

Industry: E-commerce
Founders: Nguyen Minh Tuan and Hoang Nguyen
Year of Foundation: 2017
Valuation: $20 million

Coolmate is an e-commerce startup specializing in men’s fashion, offering a wide range of clothing and accessories. It emphasizes quality and customer satisfaction, catering to modern men’s fashion needs.

9. Be Group

Industry: Mobility
Founders: Nguyen Hoang Trung and Doan Thi Mai
Year of Foundation: 2018
Valuation: $150 million

Be Group operates a ride-hailing platform, providing transportation solutions across major Vietnamese cities. It aims to offer a reliable and affordable alternative to traditional taxis and ride services.

10. Fundiin

Industry: Fintech
Founders: Nguyen Thi Thu Thuy and Pham Hoang Son
Year of Foundation: 2017
Valuation: $10 million

Fundiin provides buy-now-pay-later services, allowing consumers to purchase products and pay in installments. It offers a flexible payment option for both online and offline purchases.

11. Ecomobi

Industry: AdTech
Founders: Tran Huy Hoang and Nguyen Thi Thao
Year of Foundation: 2015
Valuation: $25 million

Ecomobi specializes in affiliate marketing and performance-based advertising. Its platform connects businesses with publishers to drive sales and improve marketing efficiency.

12. Vinalink

Industry: Digital Marketing
Founders: Nguyen Quoc Toan and Le Thi Thanh
Year of Foundation: 2010
Valuation: $15 million

Vinalink offers digital marketing services, including SEO, SEM, and social media marketing. It helps businesses enhance their online presence and reach their target audience effectively.

13. FoodHub

Industry: Food Delivery
Founders: Nguyen Van Tuan and Do Thi Mai
Year of Foundation: 2016
Valuation: $18 million

FoodHub is a food delivery platform that connects users with local restaurants and cafes. It provides a convenient way to order food and has become popular for its quick and reliable service.

14. Propzy

Industry: Real Estate
Founders: Nguyen Thi Hong and Pham Minh Tuan
Year of Foundation: 2016
Valuation: $50 million

Propzy offers a digital platform for real estate transactions, including buying, selling, and renting properties. It aims to simplify the real estate process and provide a transparent marketplace for users.

15. GOBI

Industry: Logistics
Founders: Tran Ngoc Hanh and Nguyen Thi Tuyet
Year of Foundation: 2019
Valuation: $12 million

GOBI provides a logistics platform focusing on delivery and supply chain management. It offers solutions to optimize logistics operations and improve delivery efficiency for businesses.

16. Zalora Vietnam

Industry: E-commerce
Founders: Claudio Lim and Manuel Kuntz
Year of Foundation: 2012
Valuation: $500 million (Zalora's global valuation)

Zalora is an online fashion retailer operating in Vietnam, offering a wide range of clothing, shoes, and accessories. It provides a convenient shopping experience with a focus on fashion trends and quality.

17. LalaMove Vietnam

Industry: Logistics
Founders: Shing Chow and Yat Siu
Year of Foundation: 2013
Valuation: $1 billion (LalaMove's global valuation)

LalaMove offers on-demand logistics and delivery services, connecting users with drivers for efficient transportation of goods. It operates across several cities in Vietnam, catering to various delivery needs.

18. Sendo

Industry: E-commerce
Founders: Le Thi Thao and Nguyen Thi Thu
Year of Foundation: 2012
Valuation: $500 million

Sendo is an online marketplace offering a diverse range of products, from electronics to fashion. It focuses on providing a user-friendly shopping experience and has become a significant player in Vietnam's e-commerce sector.

19. Tima

Industry: Fintech
Founders: Nguyen Thi Hanh and Bui Minh Quang
Year of Foundation: 2015
Valuation: $20 million

Tima provides peer-to-peer lending services, connecting borrowers with investors through its digital platform. It aims to offer accessible and affordable financial solutions for individuals and businesses.

20. Vexere

Industry: Transportation
Founders: Nguyen Thuy and Le Anh
Year of Foundation: 2015
Valuation: $12 million

Vexere is a bus ticket booking platform that simplifies the process of purchasing and managing bus tickets. It offers a convenient way for travelers to book tickets and plan their journeys across Vietnam.

Conclusion

Vietnam’s startup ecosystem is a vibrant mix of innovative companies pushing boundaries in various sectors. From fintech and e-commerce to logistics and ed-tech, these top 20 startups are driving progress and setting new standards in their respective fields. As Vietnam continues to grow as a hub for entrepreneurship, these startups are poised to make an even greater impact on both the local and global stage. Keep an eye on these dynamic companies as they shape the future of their industries!