Top 10 Successful Vietnamese Start-ups Worth Learning From

Built since mid-2012 in Ho Chi Minh City, Vietnam, Foody is a trusted community where everyone can search, rate, and comment on dining places: restaurants, eateries, cafes, bars, karaoke, bakeries, tourist destinations... in Vietnam - from the website or mobile app. Connecting members from North to South, Foody links diners to dining places nationwide, with hundreds of thousands of locations and comments, images in Vietnam, in most provinces and cities. Foody is the easiest way for you to find and choose the best places for yourself and your friends.

Foody owns an intelligent search tool by typing: place name, or address, or street name, or dish name, or purpose, or area name. The search system uses suggestions & quick view information, helping you find places quickly. Foody categorizes places in detail: by purpose, type, food, price, cuisine type... This helps the community filter places according to their purposes very quickly. Foody allows members to insert images into comments, rate places with 5 criteria: Food, Location, Space, Price, and Service, which helps the community have an overview of the criteria of each place. Due to the different nature of each place, for example, Cafes, the community will be interested in the Space, for Restaurants, the community is interested in the quality of the dish... This is the difference of Foody compared to other service methods.

After more than 4 years of operation, Foody increasingly demonstrates its position as it is growing not only domestically but also gradually expanding to the international market. Not stopping there, Foody has successfully called for funding 4 times, notably the successful call for funding from the Tiger Global Investment fund of the United States in 2015. This shows the significant success of a website established in Vietnam.

Website: foody.vn

Lozi is a completely Vietnamese application, the brainchild of a young startup team aiming to serve the needs of sharing famous dining spots and various other needs of young people. It has become one of Vietnam's most talked-about startups, having raised millions of dollars from two investors: Golden Gates Ventures and DesignOne Japan Inc. Lozi has over 500,000 app downloads and more than 600,000 registered users on its website, with over 4 million views per month as of now.

Not just a social media app for sharing images and dining places, with Lozi, users can easily find shops selling clothes, cosmetics, books, and many other trendy products for young people today. Especially, not just a mere customer, with Lozi software, you can sell your own products at Lozi Online store.

The image of a cat with a fish on its head - Lozi's symbol - has become a familiar companion to many young people. This was also the intention of this startup when building its logo. 'We don't want Lozi to be just a dry brand, we want to personify the brand into a character, with emotions, with personality: Lozi is a fat cat always ready to chat with everyone, to share moments of culinary enjoyment, always ready to give suggestions for dining anytime, anywhere,' shared Quang Huy - Marketing Director of Lozi. It can be said that investing in building a brand is one of the important highlights that creates value and differentiation for this startup compared to many startup projects in Vietnam. Speaking about this, Tran Minh Son said: 'We see many Vietnamese startups only focus on investing in products and forget about branding, while branding is the soul of the product'.

Website: lozi.vn

With the increasingly strong wave of startups, many businesses have achieved certain success after a period of struggle to realize their dreams. Among them, the giant TicketBox is no longer unfamiliar to those who often attend events in Vietnam.

This name has recently become the 'tycoon' of Vietnamese startups when surpassing other formidable competitors to win the title 'Startup of the Year' at the ASEAN Startup Community Honors - Rice Bowl Startup Awards and becoming the representative of Vietnam participating in the regional awards held in September in the Philippines.

According to Mr. Mike Tran, the Ticketbox app was born from a very simple idea of helping people buy event tickets more easily, avoiding the need to run to ticket counters, line up, and sometimes buy tickets at very high prices.

After more than two years of operation, Ticketbox has served for over 6,000 events, big and small, and is a partner of about 700-800 event organizing companies in Vietnam. Currently, Ticketbox has ambitions to expand its operations to other Southeast Asian countries such as Singapore, Thailand, Malaysia, and others.

Website: https://ticketbox.vn/

Websosanh.vn stands as the foremost comparison portal in Vietnam, wielding substantial potential in the e-commerce realm, facilitating consumers in securing the finest products at the most economical prices from nearby vendors. Conceiving the idea long ago, Websosanh.vn emerged in 2012, becoming a search and comparison tool catering to the needs of Vietnamese consumers. Processing over 3 million products from 20,000 websites to satisfy the nationwide demand for comparing and discovering where products are sold cheapest and closest. Presently, with data on over 10 million products, Websosanh.vn leads in the comparison sector in Vietnam.

Though a relatively young startup, Websosanh doesn't lag behind its predecessors. In 2015, Websosanh successfully secured funding from Yello Shopping Media Group from South Korea. To this day, Websosanh has amassed millions of users and brought benefits to numerous consumers.

Websosanh.vn aims to establish a comparison information gateway for consumers, ensuring that consumers always BUY AT THE CHEAPEST PRICE. Therefore, before purchasing any product, don't forget to compare at Websosanh.vn to always acquire the best product at the cheapest price from nearby sellers!

Website: websosanh.vn

Meete is an application that connects offline service businesses in the area to online customer sources through reviews, discounts, and customer care programs.

Meete is a technology startup specializing in dining deals. The app was developed from a founder training program, one of the 6 graduation projects of Topica Founder Institute 4.

Shortly after, Meete achieved the Country Winner title for Best Newcomer at the Asian Startup Awards in mid-2016 and received investment from Angel Investors.

Currently, Meete is available in HCM, Hanoi, and plans to expand to other provinces and cities soon. With a clear direction from the team, Meete aims to expand its services to serve the majority of the essential shopping needs of urban residents within the next 2 years.

Website Meete: https://www.meete.co/

Money Lover is a personal finance management mobile application created by Ngo Xuan Huy - a 1990-born IT guy.

Money Lover helps you easily track your daily income and expenses, plan your spending efficiently. The app also helps you record debts, track savings, generate reports, and provide advice based on your spending habits and plans.

Currently, Money Lover has attracted the attention of millions of individuals and businesses domestically and internationally, with installations in over 34 different languages.

The Money Lover app won first prize in the Vietnamese Talent Competition 2014 and was voted by Google as one of the top 5 apps in 2017.

Website: https://web.moneylover.me

OnOnPay simplifies a familiar task for most prepaid mobile subscribers - topping up their phones. While traditional top-up methods require many steps, from purchasing top-up cards to entering complex codes, OnOnPay's app and website allow users to top up their accounts with just a few clicks.

In addition, the app offers users numerous discounts and attractive promotions from reputable brands in the market, such as Uber, GrabTaxi, Deca.vn, Mytour.vn, and many other shopping and dining venues. What's special is that these offers are completely free for OnOnPay users.

The founder and CEO of OnOnPay, Mr. Bui Sy Phong, stated that OnOnPay is entering a phase of rapid development both in terms of user numbers and transaction volume. The app emphasizes improving user experience with quick and convenient operations. Another factor is that OnOnPay has introduced users to an attractive and practical gift system from famous service and consumer partners such as Uber and GrabTaxi. Finally, superior customer service quality is a priority.

OnOnPay received investment news just three months after its launch at TechInAsia event in Singapore in early 2015. The app was honored in the top 3 out of more than 250 technology startup initiatives in Asia participating in this competition.

Moreover, OnOnPay received a six-figure investment from Captii Ventures, marking the first capital injection from this Singaporean venture capital fund in Vietnam. In 2016, the startup continued to attract $800,000 in Series A funding from Gobi Partners. Especially in 2018, Fenox Investment Fund (Fenox Venture Capital), based in Silicon Valley, recently invested in OnOnPay. Although the specific amount was not disclosed, this is a major success that no Vietnamese startup has achieved before.

Website: https://ononpay.com/

In June 2012, Fast Delivery Services Joint Stock Company was born from the determination and enthusiasm of 7 technology-loving students from Ho Chi Minh City University of Technology.

After one year of operation, Fast Delivery has built a network across 15 provinces and cities, handling 825,000 orders with over 300 employees. The following year, the company expanded its service to 2 million orders with 1,000 employees. By early 2015, the network covered 700 districts, handling 3.5 million orders with 2,000 employees.

Impressively scaling in terms of size and quantity in the first 3 years, Fast Delivery decided to shift focus towards enhancing service quality. The company introduced the Ahamove super-fast delivery application within 60 minutes to bring optimal value to customers.

After nearly 6 years in the market, Fast Delivery is now one of the top three e-commerce logistics companies present in all 63 provinces and cities nationwide. The massive system utilizes 15,000 employees to maximize delivery speed. On average, the company processes 150,000 – 200,000 orders per day.

Website: https://ghn.vn/

Established in 2007, MoMo is a pioneering company in the mobile payment sector, with a mission to utilize technology to provide equal opportunities for all Vietnamese people to access financial services and products.

In 2018, MoMo officially emerged and quickly became the 'partner' of many enthusiasts of online shopping. It can be said that this is one of the most prominent fintech startups in recent years in Vietnam.

MoMo has built an ecosystem that meets most of the essential needs of customers with 10,000 business partners in fields such as consumer finance, insurance, money transfer, payment, entertainment, e-commerce, shopping, transportation, and dining services...

With over 100,000 MoMo wallet acceptance points and a network of 8,000 agents across Vietnam, MoMo currently has over 10 million customers using e-wallets, while serving at counters and assisting 3.5 million customers residing in remote areas, where banking and smartphone services are not yet widespread, to access services.

The Fintech100 ranking for 2018 is divided into two parts: the top 50 leading companies (Leading 50) and the top 50 emerging companies (Emerging 50). MoMo Wallet is listed in the top 50 emerging companies thanks to factors such as being a novel and interesting fintech company, advancing in technology, practicing innovation, and pursuing new business models.

Updated figures show that the MoMo e-wallet has nearly 10 million app users on both iOS and Android platforms. The app has been at times among the top 20 most popular apps and tops the list of free financial apps on Google Play.

Website: https://momo.vn/