5 Vietnamese startups received non-refundable seed capital
The support was awarded at the closing ceremony of the Startup Business Support Program, under the Collaboration for Growth (Co4Growth) project, this weekend. The program will be implemented in the period 2024-2027, with 5 acceleration courses, expected to provide intensive support for 400 young entrepreneurs from 18 to 35 years old.
The five startups selected for seed funding include Fuwa Biotech, Spicy Country, An Khang Clean Incense, Real Bean Coffee and Hirenow. Startups span many fields, from AI and biotechnology to agricultural processing and sustainable development.
In particular, Hirenow develops an AI application platform that helps businesses verify job descriptions (JD), evaluate the competitiveness of salaries and predict recruitment capabilities before investing time and costs in the process of finding candidates. FUWA Biotech applies biotechnology to produce biological detergents from pineapple peels according to the circular economy model.
Spicy Country combines traditional fermentation methods with modern technology to produce spices from Vietnamese agricultural products. Real Bean Coffee develops a social enterprise model in the field of Fine Robusta specialty coffee.
According to the organizers, primer capital is initial support, helping startups test growth solutions and improve management capacity before approaching financial institutions and investors in the next stage of development.
Ms. Trinh Nhu Quynh, a member of the Council, said that this bait capital is not only "a short-term financial reward", but also a guarantee for the startup to confidently dialogue with larger financial institutions.
Meanwhile, Ms. Nguyen Nha Quyen, Operations Director of Vietnam Science and Technology Startup Fund (SVF), said that the fact that startups receive seed capital shows that the trend of impact investing is increasingly clear in Vietnam.
Vietnam's startup ecosystem continues to expand. According to StartupBlink's 2026 Startup Ecosystem Index Report, Vietnam ranked 50th globally, up 5 places compared to before and is the highest ranking ever.
Vietnam currently has about 4,000 startups, 208 investment funds, 84 incubators and more than 20 startup support centers at national and local levels. According to the implementation plan of Resolution 57, Vietnam aims to increase the number of startups by 30%, form 30-50 spin-off businesses from research institutes and universities, and build at least three innovation and startup centers in Hanoi, Da Nang and Ho Chi Minh City.
Trong Dat