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Mike vietnam startup ecosystem

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Mike vietnam startup ecosystem

  1. 1. Introduction toVietnam’s Startup Ecosystem Presented by Mike Tran
  2. 2. 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
  3. 3. Vietnam is potentiallya goldmineVietnam is a veryhard & trickymarket to figure out
  4. 4. Big numbersPop: Over 91 millionsInternet Penetration: 35% (higher than global avg)Growing rate: 5%95% age 15-24 have accessed to internet73% of internet users are under 3566% of netizens using web everyday
  5. 5. Young population countryEvery year there are 1 mil new born babiesOver 50% of Viet population is under 30 y/o25% below 15 y/oAnd 69% are in rural areas
  6. 6. iOS & Android picking upMobile user penetration: 130 million subscribersSmartphones: 17%3G penetration: 12%Zalo hits 500,000 Android downloads in no time
  7. 7. Large portion for internet usage is still on computers81% desktops47% laptops56% mobiles3 in 4 households have a computer now  
  8. 8. Credit card: 2.5% but spending (transaction) is verylow, mostly users pay for oversea payment.Bank account users: around 20% according togovernment’s announcementVarious online payment gateway: Paypal, Onepay,Nganluong …Pay by text messaging but limited amount andTelcos take around 50% range.
  9. 9. But you should be able to do it anyway learn
  10. 10. Running a startup in VietnamHard to find quality people & right mindsetsHave to clearly understand culture & marketHigh valuation is rareHonestly… competition sucks & COD is still king
  11. 11. Startups that are doing it……
  12. 12. VCs that are funding it… anywayCyberAgent VenturesIDG VenturesPVNIDFJI Vina CapitalKusto Tiger IT Investment fund…
  13. 13. Once you get it,you get it
  14. 14. Thank you, any questions ? Mike Tran Founder & CEO at Keewi @mike726x