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Foreign Entrepreneurs Finding Business Opportunities in Vietnam

Foreigners seek startup opportunities in Vietnam

Startup companies like Homebase and Persona Studios are being founded in Vietnam by entrepreneurs who previously worked in the United States and received venture capital from Antler Fund.

In 2023, Persona Studios was established, focusing on AI technology to assist businesses with automating operations, client interactions, and recruitment. The startup is located in Vung Tau City.

Kevin Davis, co-founder and CEO of Personata Studios, explained that he selected Vietnam due to its exceptional tech workforce and thriving startup environment. He believes that Vietnam’s investment landscape, with its reasonable costs, will facilitate the rapid growth of the startup.

Davis, a seasoned entrepreneur with successful ventures under his belt, admires the collaborative spirit and strong work ethic of Vietnam’s tech community.

Meanwhile, Homebase, founded in 2019, offers solutions for individuals facing financial obstacles when buying real estate.

After Antler’s initial investment, Homebase secured funding from Y Combinator, a prominent US fund that has backed companies like Airbnb, Coinbase, and Dropbox.

Homebase became the first Vietnamese company with a headquarters to receive funding from Y Combinator. Shortly after, it raised another $30 million from investors worldwide.

Phillip An, Homebase’s co-founder and COO, highlighted Vietnam as a dynamic and rapidly expanding market with a tech-savvy young population and a growing middle class.

Kevin Davis of Persona Studios praised the skillful and hardworking Vietnamese tech engineers, emphasizing their dedication to delivering high-quality products to clients on time.


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