Vietnam’s startup ecosystem is experiencing rapid growth, establishing itself as a rising force in Southeast Asia. However, persistently low survival rates underscore an urgent need for more robust policies, more capital, and a deeper talent pool to help startups thrive and scale. According to the Global Startup Ecosystem Index 2025, Vietnam has risen one spot to rank 55th globally, while maintaining its position as the fifth-strongest startup ecosystem in Southeast Asia. Notably, HCMC has secured a place among the world’s top 30 Blockchain hubs, highlighting the remarkable momentum of the country’s emerging startup landscape. However, data presented at the Vietnam Private Sector Forum (VPSF) 2025 reveal a sobering reality: only around 10% of startups survive beyond five years, with a mere 3% considered truly successful. In contrast, approximately 30% fail or go bankrupt within the first one to two years, while 60% face significant challenges during years three and four. Speaking at the “Incubation Meetup – Vietnamese Startups, The Global Stage” held in HCMC on August 19, Nguyen Dinh Quy, CEO and co-founder of WorkFlow Space, emphasized the significant hurdles facing many Vietnamese startup founders. He noted that one of the most critical yet frequently overlooked factors is the lack […]
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