Vietnam-based company Abivin wins the 2019 Startup World Cup in the US. (Photo: VNA)

This is borne out by local firms’ recent achievements in the sector, including winning a prestigious entrepreneur competition amid distinguished entrants from the rest of the world, the newspaper noted. The newspaper also affirmed Vietnam’s bright economic outlook, which is reflected in the growing number of locals and immigrants venturing into business on its shores. 

The Southeast Asian country, with a population of 95 million, is seeing a surge in the number of tech companies  taking advantage of its unique startup culture, IBTimes reported. Citing Vietnam-based company Abivin which won the 2019 Startup World Cup as an excellent example of Vietnamese startups, IBTimes said that the firm’s AI logistics platform beat hundreds of other businesses around the world who pitched their ideas and vied for the 1 million USD investment prize.

IBTimes is a growing digital global news publication that delivers international business news to an audience of 50 million people worldwide every month through its network of digital publishing platforms.