Vietnam’s Startup Ecosystem: 

An Emerging Innovation Hub in Southeast Asia

Vietnam’s startup ecosystem is rapidly establishing itself as a emerging innovation hub in Southeast Asia, fueled by the government’s proactive innovation policies and a dynamic market environment. Notably, the country ranked 55th in the 2025 Global Startup Ecosystem Index, recording an impressive ecosystem growth rate of 17.9%.

The Vietnamese government is spearheading a strong political agenda in key future sectors—specifically 1) Digital Transformation, 2) Artificial Intelligence (AI), and 3)High-tech Agriculture—by combining comprehensive national strategies with large-scale financial support.

Driven by these initiatives, investment in the AI sector has surged eight times compared to last year. Furthermore, the digital economy has maintained a rapid and steady growth trajectory over the past five years, cementing its status as a core pillar of the national economy. This robust growth can be attributed to the synergy between the government’s aggressive innovation policies and the "demographic dividend" resulting from 4) a population that surpassed 102.3 million in 2025, characterized by a substantial working-age population.

As human capital and policy foundations mature in tandem, Vietnam is increasingly recognized as a market of new opportunities for startups worldwide.

1) National Digital Transformation Program: Decision No. 749/QD-TTg (Chương trình Chuyển đổi số quốc gia)

2) National Artificial Intelligence Strategy: Decision No. 127/QD-TTg (Chiến lược quốc gia về Trí tuệ nhân tạo)

3) High-tech Agriculture Credit Package: 100 trillion VND financial support package (Gói tín dụng nông nghiệp công nghệ cao)

4) Report on socio-economic situation in the fourth quarter and 2025 , Vietnam General Statistics Offic

Advancing Digital Transformation and Green Transition

To facilitate structural economic transformation and secure long-term growth drivers, Vietnam is aggressively promoting digital transformation across all industries, underpinned by robust government investment.

Building on key resolutions for scientific and technological innovation, the government solidified its institutional framework in 2025 by enacting 5) the Law on Science and Technology Innovation and the Law on Digital Technology Industry.

Simultaneously, addressing the urgent need for climate action, Vietnam remains steadfast in its commitment to achieving Net Zero by 2050—a pledge originally made at the 2021 UN Climate Change Conference (COP26). This commitment was officially elevated to a national priority task in January 2026. This policy stance is catalyzing a rapid surge in demand for energy efficiency and eco-friendly technologies.

Ultimately, the "Digital" and "Green" transitions extend beyond mere industrial trends to become Vietnam’s core national growth strategies, presenting a critical window of opportunity for startups possessing innovative solutions in these sectors.

5) Resolution No. 57-NQ/TW: Resolution on breakthroughs in science and technology development, innovation, and digital transformation (Nghị quyết về phát triển khoa học và công nghệ, đổi mới sáng tạo và chuyển đổi số)

Beyond Acceleration: A Global Bridge for Impact 

Within Vietnam’s ongoing transition, ICAS has been adopting Digital Transformation and Green Growth as its main themes when indentifiying impact-driven startups. ICAS is not only a selection program, but a collaborative platform that connects mission-driven innovators with international partners. Through this approach, ICAS aims to foster the sustainable growth of Vietnamese startups and contribute to positive change across the wider ecosystem. By accelerating impactful solutions, ICAS serves as an important foundation for advancing Vietnam’s innovation landscape.

ICAS 2025: 
225 Proof Points: Unlocking Vietnam’s 
Real Potential 

ICAS 2025 attracted a record-breaking 225 promising startups. Notably, 63.6% of applicants presented digital solutions, while 36.4% focused on green solutions centered on the circular economy and energy efficiency. These figures serve as a practical indicator that Vietnamese startups possess more than just ideas; they have the execution power to transform national challenges into business opportunities.


This year’s top-tier startups demonstrated disruptive innovation across diverse sectors, including healthcare accessibility, financial inclusion, and smart agriculture. From AI-driven precision soil analysis that boosts agricultural productivity to circular economy models that repurpose orange peels and agricultural waste into high-value bio-materials, ICAS 2025 has set a new standard for how technology can be channeled into meaningful social impact.

INTRODUCTION OF
2024 ICAS
TOP 1~20 COMPANIES


TOP 1



iCare Partner is a Management Service Organization (MSO) in Vietnam that collaborates with doctors to operate tech-enabled 'point-of-care' clinics. Our mission is to enhance healthcare accessibility for the Vietnamese people by providing high-quality medical services at affordable prices.



Impact

  • iCare improves clinic productivity
    by managing non-clinical tasks,
    allowing doctors to focus on
    patient care.
  • iCare empowers patients with
    reliablehealth information through
    content creation and social media 
    engagement.
  • iCare ensures that every patient
    receives the same high standard of
    healthcare.


TOP 2



Ekko is a B2B2C social impact startup revolutionizing pay delivery to improve financial wellness for Southeast Asian workers. Through employer partnerships, we provide real-time access to earned wages, transforming financial accessibility for the underserved.



Impact

  • Ekko helps users manage cash
    flow, avoid high-interest loans,
    and reduce financial stress.
  • Ekko provides financial security
    for employees, boosting their
    productivity and ultimately
    driving economic growth.
  • Ekko fosters financial
    inclusion and reduces in
    equality by offering financial
    education and practical money
    management tips.


2025 IMPACT SPECIAL AWARD COMPANY






Plantner is an agricultural biotechnology company developing eco-friendly controlled-release fertilizers using seaweed-derived natural biopolymers to promote a more sustainable agricultural ecosystem.



Impact

  • PLANTNER restores degraded soils devastated by low-quality chemical overuse.
  • PLANTNER enables affordable agriculture for farmers in developing rural areas.
  • PLANTNER builds a green agricultural value and food chain, delivering healthier meals.



2025 IMPACT CHALLENGE AT SEA COMPANY

SPONSORED BY
CO-HOSTS
CHALLENGE PARTNERS
OUTREACH PARTNERS

SEE THE IMPACT,
SAIL TO INNOVATION


Impact Square Co., Ltd.

53, Seoul Forest-gil, Seongdong-gu, Seoul

Representative: Do Hyun-myung

120-87-60341