Over two dozen Vietnamese tech companies have amassed several billions of US dollars in funding in the last decade. While the time has now arrived for them to generate exits for their investors, exit avenues in the country appear dismal.
The IPO tap — long considered the most popular route for tech exits — seems to have dried up in Vietnam. Only two new companies — digital media firm Yeah1 and digital marketing firm Clever Group — have listed on the Ho Chi Minh City stock exchange since 2018, and their share prices, too, are down significantly since then.
