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Vietnam's start-up talent draws foreign funds

Venture capitalists drawn to country's tech-savvy population with a median age of just 30

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Published Thu, Apr 14, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Hanoi

    VIETNAM'S tech startups are emerging as a force to be reckoned with as foreign private equity funds bet the country's talented young brains will yield more successes like the international hit game Flappy Bird.

    Just last month, financial powerhouses Goldman Sachs and Standard Chartered plc raised their investment in the operator of e-wallet MoMo by US$28 million, while Silicon Valley-based venture capitalist 500 Startups announced a US$10 million Vietnam-focused fund.

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