Viet Nam jumps two spots in global startup ecosystem rankings

Viet Nam's startup ecosystem index has regained positive growth momentum this year, StartupBlink's "Global Startup Ecosystem Index 2024" shows.

Viet Nam's startup ecosystem continues to hold the 5th position in Southeast Asia and is ranked 12th in the Asia-Pacific region. Meanwhile, the Southeast Asian nation stands 31st globally in terms of the number of startups.

Viet Nam's startup ecosystem in the first months of 2024 has achieved significant successes, attracting a lot of capital in various areas including e-commerce, financial technology, food technology, business solutions and information technology services.

The central city of Da Nang joined the top 1,000 cities with the highest startup ecosystem index globally for the first time, ranking 896th, along with Ho Chi Minh City (111th) and Ha Noi (157th).

In Southeast Asia, Ho Chi Minh City and Ha Noi maintain their positions at 6th and 7th respectively, while Da Nang ranks 22nd. Besides, Ho Chi Minh City and Ha Noi are also ranked 2nd and 7th in Southeast Asia and both are in top 100 globally in terms of the startup ecosystem index.

The free trade agreements with the EU, the UK, and many Asia-Pacific countries also enhance Viet Nam's appeal to foreign investors. Viet Nam can leverage these advantages to become a regional and global manufacturing hub, noted the report./.