Introduction to Vietnam’s Startup Ecosystem�

Presented by Mike Tran

So who am I ? Apart from “still on survival mode” �

§  Founder and CEO at Keewi §  Studied in Canada §  Doing startup in Vietnam for a while §  Running a startup community in VN

Vietnam is potentially a goldmine

Vietnam is a very hard & tricky

market to figure out

Pop: Over 91 millions

Internet Penetration: 35% (higher than global avg)

Growing rate: 5%

95% age 15-24 have accessed to internet

73% of internet users are under 35

66% of netizens using web everyday

Big numbers

Every year there are 1 mil new born babies

Over 50% of Viet population is under 30 y/o

25% below 15 y/o

And 69% are in rural areas

Young population country

Mobile user penetration: 130 million subscribers Smartphones: 17% 3G penetration: 12% Zalo hits 500,000 Android downloads in no time

iOS & Android picking up

Large portion for internet usage is

still on computers

81% desktops

47% laptops

56% mobiles

3 in 4 households have a computer now

 

Credit card: 2.5% but spending (transaction) is very low, mostly users pay for oversea payment. Bank account users: around 20% according to government’s announcement

Various online payment gateway: Paypal, Onepay, Nganluong … Pay by text messaging but limited amount and Telcos take around 50% range.

But you should be able to do it anyway learn

Running a startup in Vietnam Hard to find quality people & right mindsets Have to clearly understand culture & market High valuation is rare Honestly… competition sucks & COD is still king

Startups that are doing it… anyway Keewi.me Giaohangnhanh.vn Appstore.vn Ig9.vn Tiki.vn …

VCs that are funding it… anyway CyberAgent Ventures IDG Ventures PVNI DFJI Vina Capital Kusto Tiger IT Investment fund …

+�Once you get it, you get it

Thank you, any questions ?

Mike Tran Founder & CEO at Keewi mike@keewi.me @mike726x