Vietnamese start-ups raise $413mn for Q2 total funding

Vietnamese start-up companies secured cumulative funding of US$413 million in the second quarter of this year, according to DealStreetAsia. The most significant decline in funding, 58.6 percent, was witnessed in Southeast Asia. Start-ups based in this region garnered $2.13 billion during the second quarter, as opposed to the $5.13 billion achieved in the corresponding quarter of 2022. Indonesian start-up fundraising lagged behind that of Vietnam, accumulating total equity funding of $327 million. Start-up fundraising in the region in the first half of 2023 reached only 44 percent of the levels recorded for the same period last year.