Introduction toVietnam’s Startup Ecosystem Presented by Mike Tran
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
Vietnam is potentiallya goldmineVietnam is a veryhard & trickymarket to figure out
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
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
iOS & Android picking upMobile user penetration: 130 million subscribersSmartphones: 17%3G penetration: 12%Zalo hits 500,000 Android downloads in no time
Large portion for internet usage is still on computers81% desktops47% laptops56% mobiles3 in 4 households have a computer now
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.