Ho Chi Minh City is known for its combination of old-world charm and modern vibrance. The city is steeped in culture and history, with iconic landmarks such as the Reunification Palace.
Its mix of traditional markets and contemporary shopping malls draw tourists in from all over.
The city is also often referred to as the economic powerhouse of Vietnam. Ho Chi Minh City is the largest city in the country, and is an ideal location for startups especially in the tech sector.
The city boasts a young population who are both tech-savvy and highly educated. The result has been new innovative ideas coupled with a growing network of venture capital firms and investors to fuel the startup industry.
How Many Startups Are In Ho Chi Minh City?
According to StartupBlink, Ho Chi Minh City currently has 182 registered startups. This accounts for around 52% of the country’s startups, making the city an ideal place to run a business.
InCorp Vietnam reported that Ho Chi Minh City is currently ranked 111 globally as a top destination for startups. What is notable about this is that the city jumped 68 places within 3 years.
As a prominent environment for startups, let’s take a look at 10 of the startups that have thrived in the city’s business ecosystem.
10 Startups To Watch In Ho Chi Minh City
From healthcare and education to technology and transportation, these 10 startups have grown to world-class recognition and continue to succeed in Ho Chi Minh City’s flourishing business environment.
1. Aspire
Aspire offers an all-in-one AI-powered finance on a single platform. In addition to growing your business account with multiple currencies, their solutions also provide corporate cards and expense management. Founded in 2018, the company aims to redefine business finance for entrepreneurs who shouldn’t be held back by banking bottlenecks.
2. Autonomous
Founded in 2015, Autonomous sells office products that will accommodate the future of work. In addition to 3D-printed office chairs and configurable smart desks, they also offer solar-powered work from home office pods. 3 million products have been sold to date, with 130 000 offices trusting Autonomous products for their teams.
3. Distribusion
Distribusion promotes sustainable transport by providing access to ground transportation around the world. The company has successfully connected global travel brands with hundreds of bus, airport transfer, ferry and train providers. This connection was made possible through their development of the world’s first B2B booking API.
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4. Sendo Farm
Sendo Farm is a multi-technology integrated system that delivers fresh food and consumer goods to customers at competitive prices. Their application of digital transformation tech in agriculture and the retail industry has allowed them to create millions of clean meals every day for consumers. The company was the Sao Khue 2022 award winner at the Vietnam Software and IT Services Association, affirming its pioneering position in the industry.
5. Marathon Education
As Vietnam’s leading online learning platform, Marathon Education combines tech with teaching methods to enhance learning. The company was the first education startup in Southeast Asia to receive funding from the same fund that co-funded Microsoft. They were also one of the top 10 enterprises to win the Vietnam’s Leading Brand award in 2023.
6. Jio Health
Jio Health is a medical platform that caters to patients’ healthcare needs. Patients can receive on-demand healthcare services in case of emergencies, book consultations online or order prescription medication. The platform is used by more than 300 000 patients who can receive medical advice from the comfort of their homes.
7. Gohub
Since its inception in 2018, Gohub’s travel SIM cards have been trusted by more than 100,000 travellers. The company provides both traditional SIM cards and eSIMs that have grown in popularity in recent years. Being unable to stay in contact while in foreign countries is always a concern of travellers, but Gohub’s SIMs have ensured that travellers are connected wherever they are.
8. Inspectorio
Founded in 2016, Inspectorio is a company transforming the global supply chain. Their solutions assist retailers, manufacturers and suppliers manage their chain operations with a core focus on quality and responsible sourcing. The company was named one of CB Insights’ Retail Tech 100 List in 2023.
9. BrightChamps
BrightChamps is made up of alumni from Harvard, NYU, IIT and IIM as well as PhD holders and ISRO scientists who offer one-on-one live classes to children. Their aim is to equip the children with mathematical thinking and understanding the power of technology. Some of the other futuristic programs include learning about fintech, coding, robotics and generative artificial intelligence (AI).
10. Renn Labs
Renn Labs is an innovation studio committed to developing transformative solutions in the AI, finance and e-commerce spaces. Their intelligent AI systems have the ability to adapt, learn and evolve with machine learning and natural language processing. The company’s e-commerce solutions have succeeded in creating thriving digital marketplaces with user experiences that are unmatched.