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Ho chi minh citys startup scene is revving up and taking the world by storm this bustling city in southern vietnam is home to a vibrant ecosystem of entrepreneurs and innovative tech startups that are shaking up the scene and putting hcmc on the map as a major player in the global tech scene ho chi minh city formerly known as saigon is the largest city in vietnam with a population of around 9 million people the city has a rich history of entrepreneurship dating back to the days of french colonialism when vietnamese merchants established themselves as major players in the regions trading networks today the citys startup scene is thriving due to its dynamic entrepreneurial culture and access to a large pool of talented engineers and developers hcmc has emerged as a hotbed of technological innovation with startups in fields such as fintech ecommerce and logistics leading the way the city has a rapidly growing middle class with high levels of internet penetration making it an attractive market for digital services companies such as vng a leading tech company that produces popular online games and messaging apps and tiki a major ecommerce platform have been founded in hcmc and have gone on to achieve great success hcmc is home to several top universities including the university of science and the university of technology which have played a key role in developing the local talent pool the living wage in hcmc is around 44 million vietnamese dong around 190 per month and the unemployment rate is around 4 hcmcs gdp is one of the highest in vietnam and is driven in part by the citys thriving startup scene the rate of new companies starting and ending in hcmc is high reflecting the citys competitive and fastpaced environment however the startup scene is not without its challenges the ecosystem is still relatively young and lacks the same level of investment and support as more established tech hubs in the region additionally there is a shortage of experienced mentors and investors which can make it difficult for startups to scale overall ho chi minh citys startup scene is thriving due to its dynamic entrepreneurial culture access to talent and rapidly growing economy with continued support from the government and private investors hcmc has the potential to become a major tech hub in southeast asia and beyond watch out silicon valley hcmc is coming for you