Vietnam’s 10 best-known startups
VietNamNet Bridge - Vietnam startups developed well in 2018. Here are the top 10:


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1. MoMo was the only Vietnamese fintech listed in 2018 KPMG’s Top 100 Fintechs in the world.

In 2007, MoMo became the pioneer in the field of mobile payments. It has built an ecosystem powerful enough to satisfy customers’ basic needs with 10,000 business partners in consumer finance, insurance, remittance, payment, entertainment, e-commerce, transport and food services.

With 100,000 POS accepting payments, MoMo now has over 10 million users.

2. Vexere is the largest bus ticketing platform in Vietnam. The firm reported that about 150,000 tickets were sold each day via Vexere in 2017, or 20 percent of tickets sold in the market, while it predicted the 40 percent growth rate by the end of 2018.

In January 2018, Vexere received investment from Spiral Ventures after investment from Japanese CyberAgent Ventures and Singaporean Pix Vine Capital.

3. Aggressive advertisement campaigns, long-lasting sale promotion campaigns and rapid expansion helped Juno conquer the footwear retail market, after it was taken over by Seedcom.

However, its real strength lies in Juno’s capability of utilizing technology to manage business. Thanks to this, Juno launched 30 shoe and bag models into the market each month.

In 2007, MoMo became the pioneer in the field of mobile payments. It has built an ecosystem powerful enough to satisfy customers’ basic needs with 10,000 business partners in consumer finance, insurance, remittance, payment, entertainment, e-commerce, transport and food services.

4. Haravan is one of a few firms in Vietnam that provide technological solutions to businesses from SMEs to listed companies.

Haravan’s opportunities come from the e-commerce market, expected to have value of $10 billion by 2020.

About 20,000 businesses now use Haravan’s services. Its revenue in 2018 was estimated at no less than $2 million.

5. JobHop service overview is one of two models utilizing data analysis technology in recruitment in Southeast Asia.

With its technology, JopHop can match applications for jobs with recruiters’ demands and deal with tens of thousands applications each day.

6. WeFit doesn’t own any yoga and fitness center in Vietnam, but the network’s members can use 600 centers throughout the country. 

WeFit now has 10,000 members, with 90 percent in Hanoi and 70 percent in HCMC.

7. Luxstay is a platform that supports search for vacation and accommodation rentals.

Investors believe that Luxstay’s short-term room sharing model is very promising, since it can help the property oversupply problem.

8. Tugo.com.vn in 2017 organized outbound tours for 12,000 travelers, double that of 2016. 

With the application of high technologies, about 30 percent of the process is automatic.

9. Gene Friend Way was established with just four members, including a former AI engineer at Google. The goal of the company is decoding human genes to discover the causes of diseases.

10. Rever is the first technology firm to join the real estate brokers’ community. 


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Chi Nam

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