Tech Industry in VietnamNOW is the time!<br />Public Version<br />Tai Tran<br />July 2011<br />
Expected tech bubble 2015. Invest now?<br />Macroeconomic Factors<br /><br />If history repeats, we can expect a tech bubble in NASDAQ in the next 2-3 years.<br />Vietnam may lag behind 1-2 years. A tech bubble may be fall in 2015-2016.<br />Investors should invest now and exit before the next tech bubble bursts.<br />
Maturity<br />Investors and Incubators<br /><ul><li>In 2008, there were only two active VC: IDG Ventures Vietnam and DFJ Vietnam (managed by VinaCapital).
In 2011, besides the incumbent IDGVV & DFJV, CyberAgent (Japan) is being very aggressive in investing in web and mobile technology startups. Other firms including CMC and vatgia also reserve their fund for investing in young enterprises. For the first time in Vietnam, professional angel investors emerge.
Professional incubators are also established. 5Desire, V!Combinator, assisting young startup teams. Launch, a networking and knowledge sharing group is active on FB. Some groups also copy TechCrunch's startup event organization. Stanford prof & students run a program to assist startups in Vietnam, this program is managed by VYE. Savvi</li></ul>Service Providers are now more mature<br />In 2008, Vinagame was not having a clear vision where they were heading. At one time, they had apprximately 15 web projects running concurrently. In 2011, the company is a multiple hundred million business and has a clear strategy: social platform and mobile internet.<br />In 2008, FPT Online tested the market with Visky.Vitalk, the mobile chat app, became the most profitable. In 2011, the company has a vision of its e-citizen and social platform banbe.net. The social music site nhacso.info is also revamped.<br />In 2008, everyone started afresh. In 2011, market leader positions can be identified in each niche market<br />The big-4 in Vietnam web market: VNG, VCCorp, VTC, FPT Online<br />PeaceSoftis the leader in C2C payment<br />FPT Online secures the leading position in online media (newspaper)<br />VNG is the leader in social network<br />In 2010 and 2011, Groupon clones have boosted the e-commerce industry in Vietnam<br />Many users now are used to buying online<br />Users are educated on e-payment methods<br />Attention from media to e-commerce<br />