Vietnam-focused VCs eye startups enabling digital adoption by SMEs

DealStreetAsia

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.

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