Quest Ventures continues commitment to Vietnam.
The investment provides 360° support across capital, talent and business development to accelerate Vietnam’s startup ecosystem at critical inflection point
The commitment is backed by over 40 Venture Capital firms spanning Korea, Japan, Singapore, Indonesia, the US, and Vietnam (full list of firms can be found in the Appendix).
Themed Shifting Global Capital Flows, this third edition of the Vietnam Venture Summit drew the largest gathering of Vietnam’s top political leaders, global investors, founders, international tech giants and venture capital firms to discuss the future of SEA’s startup ecosystem and, in particular, Vietnam’s growing importance on the regional and global scale as an investment magnet.
Against the uncertain global outlook, emerging and developing Asia is predicted to witness the highest GDP growth of 4.9% in 2023, topping all other global regions; SEA attracted US$174 billion in foreign direct investment in 2021; and SEA-focused VC funds raised US$3.1B so far in 2022, nearing the US$3.5B they raised in all of 2021.
In particular, Vietnam shines ever brighter against the region’s positive outlook, with Vietnamese startups raising a record US$1.4 billion across 165 deals in 2021 and the momentum expected to continue into 2023 with an anticipated GDP growth of 6.7 per cent in 2023.