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Introduction to Vietnam’s Startup Ecosystem�
Presented by Mike Tran
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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
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Vietnam is potentially a goldmine
Vietnam is a very hard & tricky
market to figure out
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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
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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
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Mobile user penetration: 130 million subscribers Smartphones: 17% 3G penetration: 12% Zalo hits 500,000 Android downloads in no time
iOS & Android picking up
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Large portion for internet usage is
still on computers
81% desktops
47% laptops
56% mobiles
3 in 4 households have a computer now
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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.
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But you should be able to do it anyway learn
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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
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Startups that are doing it… anyway Keewi.me Giaohangnhanh.vn Appstore.vn Ig9.vn Tiki.vn …
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VCs that are funding it… anyway CyberAgent Ventures IDG Ventures PVNI DFJI Vina Capital Kusto Tiger IT Investment fund …
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+�Once you get it, you get it