Start-up city: Vietnam's young invest ideas in Ho Chi Minh City

12 Jul 2020 12:39PMHO CHI MINH CITY: A tech-savvy population, a fast-growing economy, and the perks of being first in an emerging market – Vietnamese entrepreneur Le Thanh saw the potential in booming Ho Chi Minh City for his start-up transforming coffee grounds into masks.

Although Indonesia remains the leader, the amount pumped into Vietnam start-ups pushed ahead of Singapore for the first time in 2019, the venture capital firm said. And although Thai said investment had paused due to the coronavirus pandemic, Vietnam is well-placed to bounce back. His cutting edge design uses woven fibre made from coffee grounds to make a washable outer layer, with a biodegradable filter inside.

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