Hanoi, Jan. 21 -- Venture capital investment in Vietnam's start-up ecosystem fell sharply in 2025, with funding increasingly concentrated on companies that had demonstrated their feasible business models, signalling a clear restructuring phase for the market.
According to the Vietnam Tech & Venture Capital Outlook 2025: Reshaping Growth for a New Era, released by VinVentures, total venture capital investment in Vietnam is estimated at about 215 million USD in 2025 across 41 deals, down roughly 30% year on year. The downturn extends a correction trend that began after the market peaked in 2021.
The report notes that this prolonged adjustment reflects not only tighter global capital flows but also a shift in investor mindset following a fiv...