Ho Chi Minh City is a major center for Vietnam's growing startup scene, with companies in many different fields. The city is home to businesses in e-commerce, finance technology, and even electric vehicles.
Some companies have attracted large investments, like consumer retail platform The CrownX with $1.1B in funding. E-commerce company Tiki has also raised over $470M to support its growth.
Below is our list of 55 Ho Chi Minh City startups worth keeping an eye on.
Failory's Top 10 Picks
Tool
Fundraising OS
Everything you need to raise funding for your startup, including 3,500+ investors, 7 tools, 18 templates and 3 learning resources.
Buy It For $97 $297 →Sheet
2,189 Accelerators & Incubators
Information about the industries, countries, and cities they generally invest in.
Get the Sheet for $50Sheet
1,600+ Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
Get the Sheet for $50Sheet
250 BioTech & Health Investors
List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Sheet
250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50Vietnam-based Dat Bike builds electric motorbikes designed to outperform their gasoline counterparts. Their vehicles combine modern technology with a commitment to accelerating the green transportation shift in Southeast Asia.
| Year Founded | 2021 |
| Founders | Son Nguyen |
| Funding Amount | $41.9M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | Hustle Fund, InnoVen Capital, Jungle Ventures, GSR Ventures, Wavemaker Partners |
Stride builds and installs solar energy and battery systems to make clean power more affordable and accessible. The climate tech startup offers these solutions to both homes and businesses, helping them transition to renewable energy sources.
| Year Founded | 2021 |
| Founders | Andrew Fairthorne, Leo Polojac, Tra Le |
| Funding Amount | $8.5M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | UOB Venture, TRINE, Clime Capital, Touchstone Partners |
Tiki has built one of Vietnam's leading B2C e-commerce platforms, connecting consumers with a diverse range of products. Their platform stands out for its signature 2-hour delivery service and a hybrid retail model that combines a marketplace with first-party sales.
| Year Founded | 2010 |
| Founders | Son Tran Ngoc Thai |
| Funding Amount | $470.5M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Temasek Holdings, UBS, JD.com, AppWorks, InnoVen Capital |
AI Hay builds an AI-powered answer engine designed to replace traditional search with a conversational, question-and-answer experience. Their platform processes natural language to provide users with direct, synthesized answers instead of just a list of links.
| Year Founded | 2021 |
| Founders | Chuong Nguyen, Duc Tran, Hiep Nguyen |
| Funding Amount | $19.3M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Series A |
| Top Investors | AppWorks, Northstar Ventures, Northstar Group, Argor Capital, Square Peg Capital |
Gene Solutions develops next-generation genetic tests focused on reproductive health and oncology. They provide non-invasive solutions that offer critical health insights to patients and their doctors.
| Year Founded | 2017 |
| Founders | Giang Hoa, Nguyen Huu Nguyen, Nguyen Nghia |
| Funding Amount | $36M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | HSBC, Mekong Capital, August Global Partners, Viet Capital Ventures |
COOLMATE offers a complete wardrobe for men in Vietnam, with collections spanning sportswear, office wear, and casual styles. The direct-to-consumer brand sells its apparel through its own website and various e-commerce marketplaces.
| Year Founded | 2019 |
| Founders | Hiep Nguyen, Nhu Pham, Xuan Lan Nguyen |
| Funding Amount | $12.1M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series B |
| Top Investors | 500 Global, Vertex Ventures Southeast Asia & India, GSR Ventures, CyberAgent Capital, DSG Consumer Partners |
SonKim Land develops luxury and high-end real estate projects across Vietnam. They are recognized for a portfolio of premium residential and commercial properties in prime locations.
| Year Founded | 1993 |
| Founders | — |
| Funding Amount | $404M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Debt Financing |
| Top Investors | Credit Suisse, Asian Capital Alliance, Eos Capital, EXS Capital, skymont capital |
Momo developed Vietnam's leading e-wallet, a super app designed for digital payments and money transfers. Their platform allows millions of users to pay for daily life services, from utility bills and groceries to travel and entertainment.
| Year Founded | 2007 |
| Founders | Diep Nguyen |
| Funding Amount | $433.8M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Goodwater Capital, Warburg Pincus, Standard Chartered Bank, Mizuho Bank, Kora |
Techcoop operates an agrifintech platform that connects agricultural MSMEs with financial services and market access. Their comprehensive solution helps small and medium-sized businesses in the sector grow by reaching a wider customer base.
| Year Founded | 2022 |
| Founders | Hao Diep, Tuan Nguyen |
| Funding Amount | $75M |
| Startup Size | Lean Team (11-50) |
| Last Funding Status | Debt Financing |
| Top Investors | TNB Aura, Capria Ventures, AppWorks, AVV, FMO |
The CrownX operates an integrated platform that merges consumer goods with retail operations. This model creates a direct-to-consumer ecosystem that controls the product journey from production to final sale.
| Year Founded | 2019 |
| Founders | — |
| Funding Amount | $1.1B |
| Startup Size | — |
| Last Funding Status | Private Equity |
| Top Investors | TPG, Alibaba Group, Abu Dhabi Investment Authority, SeaTown Holdings, BPEA EQT |
45 Additional Ho Chi Minh City Startups Worth Following
Those top ten companies are just the beginning of the story in Ho Chi Minh City. Founders are building all sorts of businesses, especially in retail, fintech, and healthcare, raising over a billion dollars combined. Some are brand new and others have been around for years, but they are all worth watching. Here’s a look at the rest of the startups shaping the city's scene.