Vietnam Exchange Rate and Improvement of Investment Opportunities in Innovation and Startups
The USD/VND Exchange Rate for November 1, 2023: USD 1.00 = 24,600.25 VND, which is less than one cent compared to the USD.
According to the Vietnam Venture Summit held by the National Innovation Centre (NIC) and Golden Gate Ventures on October 30, Vietnam is taking advantage of investment opportunities in innovation and startups.
According to Deputy Minister of Planning and Investment Tran Duy Dong, Vietnam faces many challenges and opportunities.
Taking advantage of opportunities requires a clear understanding of the challenges, said Dong. This is why their theme was "Innovating through Adversity: Strategies for a Transformative Vietnam.".
Delano Musafer, Head of Asia-Pacific Capital Markets on the New York Stock Exchange, said Vietnam is growing rapidly not only in Asia but globally as well. The fact that investors are paying attention to quality companies with strong growth rates and transformation strategies is a positive sign for Vietnam because it provides a clear strategy for both domestic and international markets.
The Vietnamese innovation and startup ecosystem is on the rise, ranked 46th out of 132 countries and economies according to the Global Innovation Index for 2023. For 13 consecutive years, it has achieved innovation results that outperform the level of development.
Vietnam's startup ecosystem has increased from the fifth to the third position among the top six economies in Southeast Asia, as evidenced by the ratio of capital invested in the innovation startup market and the number of investors and investment funds operating here.
Vietnam ranked third in Southeast Asia for technology investment in the first half of this year, with a total capital of 413 million USD.
