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Unusually low startup funding reported for Vietnam in Q3

In the third quarter of this year, Vietnamese tech startups received US$50.1 million in funding the Vietnam Investment Review is reporting citing data from Tracxn. The publication is saying this is a 504 percent increase on Q2 startup funding, however, Deal Street Asia put startup funding in Vietnam in Q2 of this year at US$413 million. This is a big difference between these two data sources.

That said, Tracxn’s own website lists at least three deals in the third quarter of this year with startups Gene Solutions, F88, and Telio receiving US$21 million, US$50 million, and US$15 million respectively, for a total of US$86 million.

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