Vietnam Climbs to 50th in Startup Ecosystems Globally

Photo courtesy of VN Express

Vietnam's startup ecosystem has made significant strides, climbing to the 50th position in the Global Startup Ecosystem Index 2026 by StartupBlink. This marked its best-ever ranking, highlighting Vietnam as one of the fastest-growing ecosystems globally, particularly within the 21–50 global segment. The nation's increasing innovation activities, growing policy support, and international integration are key factors behind this progress.

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According to the index, published annually since 2017, Vietnam's ecosystem quality, business environment, and startup activity scale have boosted its ranking. With approximately 4,000 startups and notable developments like Ho Chi Minh City entering the top 100 global startup ecosystems, Vietnam leads Southeast Asia in ecosystem maturity, especially in fintech and blockchain sectors.

Experts attribute the rise to an expansion of innovation activities beyond traditional hubs like Hanoi and Da Nang to other cities like Hai Phong. This broader geographical spread reflects Vietnam's strategic focus on manufacturing, logistics, and technology, supported by enhanced policy efforts from the Ministry of Science and Technology under Resolution No. 57-NQ/TW.

Looking forward, Vietnam aims to further increase startup numbers by 30% and establish multiple innovation centers in major cities by 2026. The introduction of the 2025 Law on Science, Technology, and Innovation introduces "strategic technologies" into national legislation, guiding the country toward commercializing advanced technology products like semiconductor chips and AI applications.

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  Adapted by ASEAN Now · VN Express · 22 May 2026