Vietnam’s real estate market has seen rapid growth in recent years, and the rise of proptech has been a significant contributing factor. Proptech, or property technology, is a term used to describe the application of technology to the real estate industry. In Vietnam, the proptech market is growing at an impressive rate, with increasing investment, a growing number of startups, and expanding services. In this article, we will take a closer look at the Vietnam proptech market, its potential, and what the future may hold.
Market Overview
According to a report by Savills Vietnam, the proptech market in Vietnam is expected to grow at a CAGR of approximately 20% over the next five years. In 2020, the proptech market in Vietnam was valued at approximately $1 billion, and this is expected to reach $3 billion by 2025. The number of proptech startups in Vietnam has also increased significantly in recent years, with more than 200 proptech companies operating in the market as of 2021.
The growth of the proptech market in Vietnam is driven by several factors, including increasing internet penetration and smartphone adoption, a growing middle class with more disposable income, and a strong demand for transparent and efficient real estate services. With these trends in place, the potential for growth in the Vietnam proptech market is significant.
Challenges and Opportunities
While the Vietnam proptech market presents significant opportunities, there are also challenges that must be addressed. One of the biggest challenges is the lack of regulation, which can lead to issues such as fraud and disputes. Additionally, the market is highly competitive, with a growing number of players vying for market share. Companies will need to differentiate themselves by offering innovative and valuable services to stand out from the crowd.
Despite these challenges, there are significant opportunities in the Vietnam proptech market. With a growing middle class and increasing internet penetration, there is a strong demand for transparent and efficient real estate services. The rise of new technologies such as blockchain and AI also presents significant opportunities for innovation and disruption in the market.
Meet the new player in the market
Tempus Financial is a new player in the market of real estate derivatives solutions catering to foreigners who are actively participating in Vietnam’s property market. The platform offers a variety of features to help users find the perfect property to fit their needs and budget, including a gamification approach that customizes products and services to the specific needs of customers.
One of the standout features of the Tempus Financial platform is its 3D capture technology, which allows users to view properties in an immersive and realistic way through 3D virtual tours. This is a significant advantage for users, as it allows them to get a better sense of the properties they are interested in and make more informed decisions.
Additionally, the platform offers a transparent pricing model, with no fees for its services, only charging for legal services required during the property purchasing/renting procedures. In addition to its technology, Tempus Financial offers a comprehensive lawyer service that supports customers throughout the entire life cycle of owning or renting real estate derivatives. This includes assistance with legal procedures, contract negotiations, and ongoing support to ensure a smooth and successful property transaction.
Tempus Financial also offers a process monitoring and payments form, so users can easily keep track of the progress of their property transactions and make payments with ease. This is a great feature for users who want to stay informed and have peace of mind throughout the process.
Conclusion
The Vietnam proptech market is a rapidly growing and promising industry, with a growing number of companies, increasing investment, and expanding services. While there are challenges that must be addressed, the potential for growth in the market is significant. As the market continues to mature and more players enter the space, it will be interesting to see how companies differentiate themselves and innovate to meet the evolving needs of customers. Ultimately, the Vietnam proptech market is a rising star in Southeast Asia and one to watch in the coming years.
Every new year brings a new wave of progress, from game-changing breakthroughs to incremental advancements in a wide range of fields.
CB Insights’ report on 11 Tech Trends to Watch Closely in 2023 highlights some key areas of focus for the tech industry in the coming year.
The report derives its trends from earnings transcripts, media mentions, investment activity, patents, and other sources.
Immortality-as-a-service
The concept of immortality-as-a-service is an intriguing one that is attracting the interest of venture capitalists and tech companies. With advances in AI and genetics, there is a growing ability to analyze and manipulate data to help people live longer and healthier lives. The potential economic and societal impacts of such a world are significant, with a larger workforce, more consumers, and changes in how people plan their lives.
While immortality may be a stretch, the pursuit of longer and healthier lives is a goal that many tech companies are actively pursuing. The potential rewards for those that succeed are significant, with age-defying consumers providing a lucrative source of recurring revenue. As the population ages and people live longer, there is a growing market for services that help people live longer and healthier lives. The race to provide those services is on, and it will be interesting to see which companies emerge as the leaders in this space.
The secret invasion of super apps
The competition among super app-level platforms is heating up, with tech companies converging on each other’s territory and giving rise to effective super app-level platforms. The battle for dominance is centered around search, as players seek to integrate features ranging from shopping to news feeds to capture more advertising dollars and expand further into the consumer market.
Microsoft is one company that is considering building a super app with its Bing search engine as the backbone. If successful, this move could help Microsoft capture a larger advertising market share and increase its consumer market presence. Other tech companies are also making moves in this space, with some developing their own super apps and others acquiring existing ones.
As more and more companies enter the fray, the competition for consumer attention and advertising dollars will only intensify. The winners in this space will be those that can effectively integrate multiple services into a seamless user experience and provide unique value to their users.
Fintech’s rapid regeneration
Many fintech startups are already pivoting to new areas and rethinking their business models to weather the economic uncertainty ahead. One area of focus is expanding into new verticals such as insurance, wealth management, and real estate. Another strategy is to
cater to enterprises and partner with traditional financial institutions to offer their services to a wider customer base.
As the market tightens, only the most innovative and adaptable fintech startups are likely to survive. But for those that do, there could be a big payoff as traditional financial institutions continue to struggle with outdated technology and regulatory hurdles.
Bots in the house
In addition to simple tasks, Tech leaders and startups are also exploring how robots can provide companionship and emotional support to people living alone or with limited social interaction. These social robots could be particularly beneficial for older adults, children, and people with disabilities or mental health conditions.
However, there are concerns about privacy and security, as well as the potential for these robots to replace human social interaction rather than enhance it. As technology continues to develop, it will be important for companies to consider these ethical and social implications.
The opportunity in the space is already substantial: The consumer robots market is estimated to be worth $22B, per CB Insights’ Industry Analyst Consensus.
Virtual power plants
Virtual power plants (VPPs) are a decentralized energy management system that can aggregate power from a network of distributed energy resources, such as residential solar panels, large-capacity batteries, wind farms, and more. VPPs use a cloud-based system and AI tools to manage the distribution of power based on demand and availability, making grids more resilient. VPPs can reduce reliance on coal and gas, stabilize the grid, and lower energy costs for households.
Interest in startups that support VPP management and energy storage has been increasing steadily among investors, industry leaders, and governments, driving advances and competition in the space. As a result, VPPs are becoming much more common.
Healthcare’s invisibility trick
Ambient health monitoring takes this a step further, by incorporating a range of connected devices into patients’ daily lives. These devices can continuously collect data such as heart rate, blood pressure, and respiratory rate without requiring active engagement from the patient. This passive approach to healthcare monitoring has the potential to identify health issues earlier and prevent hospitalizations, leading to better health outcomes and cost savings.
The market for ambient health monitoring is expected to grow rapidly in the coming years. According to a report by Grand View Research, the global market for remote patient monitoring and ambient assisted living is projected to reach $238.5 billion by 2028, with ambient assisted living accounting for the majority of that growth. With the rise of wearable technology and the increasing availability of internet of things (IoT) devices, ambient health monitoring is poised to become an increasingly important part of the healthcare landscape.
Smell goes digital
AI is helping to unravel the complexity of smells by analyzing patterns in large datasets of scent molecules and correlating them with human responses. In some cases, AI algorithms have even been used to predict how people will react to a given scent based on their genetic makeup.
Companies are also developing hardware devices that can analyze the chemical makeup of scents and use that information to generate digital scent profiles. These profiles can then be used to reproduce the scent on demand, or to create entirely new scents that match a particular profile. The potential applications of smell tech are vast, and it will be interesting to see how this field develops in the coming years.
Femtech turns to menopause
As women’s healthcare continues to expand, startups are turning their attention to underserved issues like menopause. Despite its significance, women receive little formal education about menopause, making it difficult to identify symptoms and seek support.
However, a growing number of startups are specifically catering to women going through menopause. Medical treatment options for significant menopausal symptoms remain limited.
The bio-based materials boom
Bio-based materials are becoming more popular as companies seek sustainable alternatives to traditional materials. These materials are made from natural sources like mushrooms and seaweed and can offer durability and biodegradability. They are particularly appealing to companies in the CPG and fashion industries who are looking to meet ambitious sustainability goals.
While many companies have set targets for the use of post-consumer recycled (PCR) plastic, there simply isn’t enough recycled plastic available to meet demand. As a result, more companies are turning to bio-based materials to reduce their reliance on plastic.
India’s tech ascent
India’s tech sector is attracting significant attention from venture capitalists, with both domestic and international firms investing heavily in the country.
The country’s growing tech sector is seen as a key driving force behind these investments, with a number of unicorn companies emerging in recent years. Additionally, India’s digital economy is rapidly expanding, with sectors such as financial services and healthcare leading the way.
Regenerative agtech takes root
As brands and retailers turn to regenerative agriculture, startups offering enabling technology are gaining momentum. These technologies can help farmers implement regenerative practices more effectively and efficiently.
As more brands and retailers commit to regenerative agriculture, the demand for agtech solutions is likely to grow. This presents an opportunity for startups to play a key role in helping farmers transition to more sustainable and regenerative practices.
The technology trends of 2023 are set to be exciting and innovative, with a focus on addressing key societal and environmental challenges. From the emergence of immortality-as-a-service to the growth of regenerative agtech, the potential for technology to make a positive impact on the world is more evident than ever. It is clear that these trends are set to shape the future of various industries, and businesses must keep up with the pace of change to remain competitive. It will be fascinating to see how these trends unfold and develop over the coming years, and what other new technologies will emerge.
Fundraising is a crucial part of a startup’s journey. It’s the process of raising capital to grow and scale the business. However, fundraising can be a daunting task for startups, especially those that are new to the industry. That’s where Fundraising as a Service (FaaS) comes in. FaaS is a solution that provides startups with the necessary tools and services to help them raise capital. It’s a comprehensive approach that takes care of all aspects of fundraising, from investor relations to co-investment monitoring.
Startups need FaaS because it offers them several advantages. For starters, it allows them to focus on their core business while leaving fundraising to the experts. FaaS providers have extensive networks of investors, making it easier for startups to find potential investors who are interested in their industry and growth potential. Additionally, FaaS providers have experience in deal-making, which can be a significant advantage for startups who are not familiar with the investment process.
Raising Venture Capital with Wiziin
Wiziin is a data-driven investment platform that offers Fundraising as a Service to startups. With a growing network of regional and global investors, Wiziin helps startups secure the strategic capital they need to grow and succeed. The FaaS is designed to make the capital raising process easier and more effective for startups, regardless of their stage of development.
Wiziin’s FaaS uses a data-driven approach to connect startups with investors most likely to be interested in their business. By analyzing data from various sources, Wiziin identifies the most promising investment opportunities and connects startups with investors who are most likely to invest. This approach enables startups to make more informed investment decisions and increase their chances of success.
In addition to capital raising, Wiziin also offers a range of other investment-related services, including deal-making, investor relations, and co-investment monitoring. Wiziin’s comprehensive suite of tools and services helps startups grow and succeed in the highly competitive startup ecosystem.
Wiziin’s team of experienced venture capitalists and angels from Ireland and Canada brings on-the-ground experience to fundraising services. They have worked with over 500 startups, 100 VCs, and 30 angels from across the Asia Pacific region, making them one of the leading FaaS providers in the region.
Conclusion
Fundraising as a Service is essential for startups looking to raise capital. With Wiziin’s FaaS, startups can tap into a network of regional and global investors, take advantage of a data-driven approach to capital raising, and access a comprehensive suite of investment-related services. Wiziin’s experience and expertise make them the ideal partner for startups looking to grow and succeed in the highly competitive startup ecosystem.
The digital economy of Southeast Asia is expected to reach $1 trillion by the end of the decade. In addition to having the world’s second fastest growing region in terms of internet users, the region has seen the rise of its own multi-service tech unicorns that provide a wide range of services ranging from food delivery to ride-hailing to online learning to digital banking.
Four factors have contributed to the rapid growth of the digital economy in Southeast Asia. ✔️ For starters, a large youth population of digital natives has significantly contributed to the sector’s growth. ✔️ Second, the rapid adoption of mobile financial services is enabling millions of people to make digital payments. ✔️ Third, because the region has such high mobile penetration, customers frequently use e-commerce and social media sites to purchase goods and services. ✔️ Finally, most governments in Southeast Asia have implemented policies to support the digital economy and infrastructure.
According to McKinsey & Company, the proportion of digital payments in Asia will reach 65% in 2024 (compared to a global average of 52%), making the continent the world’s consumption growth engine. There is no doubt that digital growth in Southeast Asia is accelerating. However, several areas must be improved in order for the region to reach its full potential: digital infrastructure, new consumer development, information security, and effective digital policy.
According to World Bank data, Vietnam’s digital sector is growing at a rate of 10% per year and could reach more than $200 billion by 2045, a massive figure compared to the country’s GDP, which was nearly $352 billion last year. For Vietnam to achieve its goals of becoming a high-income country and a “net-zero” emissions economy, digital transformation will be critical.
The automatic trading system is an important sector of the digital transformation industry. C&T Electronic Company is a growing science and technology company that specializes in automatic trading systems. C&T helps customers streamline their operations and leverage consumer experiences through innovative solutions and cutting-edge technology. C&T wants to contribute to speeding up the Vietnamese digitization process.
Currently, C&T is seeking capital in seed funding to further expand its offerings and strengthen its position in the market.
HMT – House of Media Production, and Technologies, they live and breathe creating easy-to-use, intelligent and unforgettable customer experiences by the combination between cutting-edge technologies such as AI and media production expertise. And dizim.ai, AI creative video generation & digital marketing platform applying AI, big data as well as creative media production expertise, was born to offer online businesses a streamless & easy-to-use experience, automatic digital marketing solution with affordable cost.
Let’s meet the founder behind these new hot startup
Timbake Dang, Founder of HMT Dizim AI
What market opportunity do you see big enough to jump in?
As we knew, Covid-19 changed a lot of people’s behaviors in consuming, entertainment.
Global eCommerce traffic has increased to 22 billion visits due to COVID-19. This statement is higher than the average traffic during the holiday season. E-Commerce will generate $6.452 trillion in sales by 2023, according to eMarketer. There are over 24 mil online stores worldwide. However, there are not many videos created with over 10k views.
So why do online businesses struggle with content marketing?
How to create a million views videos like famous brands Gillette?
How to create videos like Coca-Cola created with only VND $1 million?
Moreover, how to publish video content to multiple channels, analyze content interaction with people on social media effectively?
How to get insights of market trends, consumer behaviors on social media at an affordable cost?
These are big challenges HMT dizim.ai desired to take and solve.
86% of businesses (659 unique respondents) use video as a marketing tool. It’s up from 63% over the last three years (Wyzowl) equal more than 20.4 mil online stores. This means that if we can serve only 20% of those stores (4 mils), we can earn more than USD$ 100 mil in monthly revenue.
What are the Potential Risks to this kind of business and how does your business deal with it?
There are big different challenges that need to be solved. Not only by applying disruptive technologies and in-house creative & digital teams but also by partnering with experts in different fields. It helps to build an ecosystem together to create values and seamless experiences for customers as well as consumers. For example, up to now, there are not many people who know the necessity of branding for themselves and their companies. Even assuming they know, they still have been struggling with how to build a content strategy with customer insights. Those are only some of the many tasks we need to educate them on first. Then we will apply technologies to help them make content easier and more effective.
Changing mindset leads to actions.
We are partnering with education organizations, branding companies, and digital marketing strategy consulting companies to help them build a content strategy, visual assets. After that, they can use our social listening features to get insights of market trends, consumers behaviors on social media. Getting insights is the first step before making content with videos then publishing those to multiple channels.
What is the goal that you want to accomplish this year?
Here is the milestone we are aiming to reach for the next few years
And you know what? HMT Dizim is looking for investors now
