According to Thai tech insiders, there are many advantages to collaboration between the startup ecosystems of Thailand and Vietnam. Investment flows between the two countries are increasing, providing opportunities for international startups to seek talent in this market.
Speaking at the recent Techsauce Global Summit 2024, Oranuch (Mimee) Lerdsuwankij, CEO of Techsauce, shared her insights: “There are many advantages to building collaboration between the startup ecosystems of Vietnam and Thailand, with investment flows between the two countries growing rapidly. International and Thai startups alike are always on the lookout for tech talent in this market, and this is where Vietnam has an edge over many other markets.”
She highlighted that both Thailand and Vietnam are strategically located in the region. In terms of logistics, they can serve as a hub for many countries looking to expand their services and solutions, particularly for tangible products.
For the digital field, which does not require tangible products, Thailand boasts a robust digital infrastructure along with a favorable position in logistics. Thailand has numerous listed companies very interested in seeking technology solutions to integrate into their operations. Meanwhile, Vietnam possesses a strong talent pool, which makes it an attractive partner for Thailand in developing tech solutions.
The CEO emphasized the advantages of collaboration between the two countries’ tech ecosystems, reflecting the pressing need for tech talent in Thailand, where companies are seeking innovative solutions. “We are not just looking for partners, but also aiming to build a strong network to support each other in tech development,” she stressed.
Photo: Oranuch (Mimee) Lerdsuwankij, CEO of Techsauce.
With Vietnam’s tech market booming, areas like artificial intelligence (AI), fintech, and healthtech have attracted significant attention from domestic and foreign investment funds. Many tech startups are drawing interest from investors, and the government is also pushing for digital transformation, encouraging the adoption of technology in various economic and social fields. This promising landscape holds the potential to unlock economic growth, foster innovation, and enhance Vietnam’s competitiveness in the international arena.
Lerdsuwankij emphasized that “Thai tech companies are not only seeking partners but also need solutions to serve large corporations, ranging from food to healthcare.”
Thanussak Thanyasiri, Executive Director of KBTG Vietnam, echoed this sentiment, stating that harnessing technology’s potential is not just about applying techniques but also about developing people and fostering an innovative mindset.
