Hiring a great team is essential for building an enduring startup, regardless of sector or market. However, in today’s world of lofty job-seeker expectations and fierce competition for skilled workers, hiring is no easy feat. It is even more difficult for resource-constrained, early-stage startups. This is one of the biggest areas in which founders in our portfolio seek guidance and support.

There have been some notable developments within the tech ecosystem in the second half of Q1. In this volume’s Vietnam Tech in the News section, we will touch on the increasingly dynamic roles of Vietnam as a market and a breeding ground for regional startups. We will also discuss Sky Mavis’ Ronin Bridge hack, dubbed one of the biggest crypto hacks to date. Finally, we will highlight recent investment interest in digital commerce before diving into social commerce in the Spotlight section.

Increased investments and fierce competition, combined with the innate characteristics of Vietnam’s social commerce market could mean that the next big Vietnamese company will evolve from this space.

Turing books $87M at a $1.1B valuation to help source, hire and manage engineers remotely

Welcome to the first edition of AVV’s newsletter, the Ascent, and thanks for being an early subscriber 🙏 . If you came here via our last 500 Startups Vietnam newsletter or have otherwise stayed updated on our activities...

When we first considered launching 500 Startups Vietnam, the startup landscape in Vietnam was completely different from what it is today...

Sky Mavis, the developer of NFT gaming sensation Axie Infinity, announced the close of a US$152M Series B led by Andreesen Horowitz (A16Z) with participation from existing investors...