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Startups

Vietnam startups gain on Indonesia and Singapore with new funding

E-tailer Tiki receives lion's share of $246m investment in first half of 2019

Indonesian ride-hailing operator Go-Jek entered the Vietnamese market in 2018. (Photo by Akira Kodaka)

SINGAPORE -- Vietnam's startup sector is growing at a rapid clip despite the global economic slump, as it closes the gap with regional leaders Indonesia and Singapore.

According to joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures, startup investment in Vietnam hit $246 million this year through June on 56 deals.

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