Vietnam will emerge in 2022 as the third largest startup ecosystem in Southeast Asia, with stronger signs of venture capital (VC) funds putting more efforts into early-stage investments in the country, according to a new report by venture capital (VC) firm Golden Gate Ventures. More start-ups in Southeast Asia are expected to go public, with the annual number of initial public offerings (IPOs) in the region expected to cross 300 by 2030, said the report “The Southeast Asia Ecosystem 2.0” released on Thursday.

The report says it will be almost three times the number of regional firms that went public last year.

Some of the firms likely to list are online marketplace Carousell, real estate platform PropertyGuru, and travel booking site Traveloka.

Source: VOV5