Game, Payment and E-commerce in Vietnam are hunted by ‘sharks’ scattering USD

The National Innovation Center (NIC, Ministry of Planning and Investment) and the venture capital fund Do Ventures have just released the Vietnam Innovation and Technology Investment Report.

According to this report, 2021 is a record year for venture investment in Vietnam. In the midst of the volatile Covid-19 pandemic, the total amount of investment in Vietnamese startups reached $1.4 billion, an increase of 1.5 times compared to the figure of $874 million in 2019.

The assessment of experts NIC and Do Ventures shows that investor’s taste has quickly shifted and focused on the group of industries that have not been strongly affected by the pandemic. The convenience of webinar applications makes travel restrictions no longer a barrier in the investment decision-making process.

Statistics show that, in 2021, Vietnam has welcomed the appearance of two new technology unicorns. It’s the super app MoMo and game studio Sky Mavis. The success of these two companies has contributed to affirming Vietnam’s position as an emerging technology hub of the region.

Vietnam’s innovative businesses have a promising future when there are dozens of companies with a valuation of several hundred million USD that are thriving. These companies are expected to soon become new technology unicorns in the coming years.

Statistics of the National Innovation Center show that the total number of investment funds participating in activities in Vietnam has increased by 60%. These funds are relatively evenly distributed in many different countries.

In which, the country with the most active investors in 2021 is Singapore, followed by Vietnamese and US investors. Investment activities from Japan into Vietnam are also gradually becoming more active after 2 years of slowing down.

Payment and e-commerce are still the two leading industries in attracting investment capital. The Video Game (Gaming) industry has now risen to the 3rd position among the most invested industries. This is thanks to the global success of Sky Mavis and the game Axie Infinity.

The Covid-19 pandemic has also created a boom in transactions in a number of new industries, which has led to a tremendous growth in the amount of investment in these areas.

The three most prominent industries in the above group include Health, Education and Enterprise Digital Transformation. The growth in investment amount in these 3 industries in 2021 is 1.016%, 526% and 205% respectively.

The total number of transactions of deals over 10 million USD in Vietnam has now exceeded 1 billion USD, up 255% over the previous year. Capital flowing into the seed ring is currently at a record high in both volume and value of deals. Meanwhile, capital flowing into rounds after series A has returned to pre-pandemic levels.

In particular, 2021 will see the appearance of 5 transactions worth over 100 million USD in the fields of Payment, E-commerce and Gaming in Vietnam.

With a large number of potential startups and a favorable business environment, Vietnam’s innovation ecosystem is ready to enter a more mature stage.

According to Mr. Vu Quoc Huy – Director of the National Innovation Center, this unit will continue to research and propose experimental mechanisms, policies and legal frameworks (sandboxes) to encourage innovation activities. creativity nationwide.

“With the achievements achieved in 2021, we can believe that 2022 will be the pivotal year for Vietnam’s innovation ecosystem to have breakthrough developments, opening up many opportunities for the period. next development of the digital economy,” said Mr. Huy.

Trong Dat