Venture capital investors in Vietnam are betting big on startups enabling digital transformation in small and medium enterprises across various sectors.
Active investors in the region — Do Ventures, Quest Ventures, Genesia, BEENEXT and VI Group — are bullish on backing tech startups that are mounting traditional or physical businesses onto the digital platform.
“Quest is looking for tech companies that will disrupt the agri-food tech sectors, fintech, and smart cities/urban solutions spaces,” said senior associate Michelle Ng.
The challenge could be educating not just the SMEs but even micro-businesses in Vietnam, Ng from Quest Ventures said.
“Micro-businesses and SMEs do not have the capacity for a digital transformation team to map out their plan,” she added.