Vietnam's tech growth will make it easier for startups to become unicorns

Vietnam's tech growth will make it easier for startups to become unicorns

Photo by Annie Spratt on Unsplash

As the Vietnamese tech ecosystem matures, the industry is expected to see more unicorns produced at a faster pace, with some local champions already close to hitting the coveted billion-dollar valuation mark.

Back in 2014, VNG Corporation became the first Vietnamese company to earn the unicorn moniker. Six years later, the country saw VNLIFE, the parent firm of payment major VNPAY, emerge as the second unicorn.

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