'Golden Period' Of Corporations Venturing Into Asian Technology Market

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Jamie Nguyen News

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Jamie is the CEO of VMO Global, a trusted IT outsourcing company with more than 12 years of tech accomplishments globally. Read Jamie Nguyen's full executive profile here.

In recent years, Southeast Asia has become a shining star as the"home" of technology businesses. Vietnam, in particular, has recently seen capital inflows from major players, including well-known U.S. technology businesses.Corporate venturing is a way for corporations to get involved in the success of external innovation. It's a collaborative framework that acts as a bridge between established firms and innovative startups.

Corporations are the first choice for startups seeking to shorten their time to market entry or obtain technological know-how., 40% of global corporate venture capital investments in 2019 came from Asia. Nine areas in East and Southeast Asia account for a portion of corporate venturing activity: Taiwan, Thailand, Vietnam, Hong Kong, Indonesia, Japan, Singapore, South Korea and mainland China.

The information technology growth potential of the global market is still quite high and keeps rising annually. There seems to be a lot of room for expansion, as evidenced by the Vietnamese digital industry firms' current international market revenue.

 

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