Duyen Tran

Recently, Forbes Asia has released the inaugural 100 to Watch list, which spotlights notable small companies and startups on the rise across the Asia-Pacific region. Among the 100 featured companies, Vietnam has four of its startups selected, operating in the fields of e-commerce, logistics, proptech, and healthtech.

In face of adversity, that’s when the DNA of entrepreneurs comes into play. And the resurgence of COVID-19 is another opportunity for entrepreneurs to display their grit, tenacity, and flexibility to adapt to an evolving situation. For some high-potential Vietnamese startups, this is not the time to stand still and just plan for survival.

Emerging from the pandemic while other countries are still in the midst of the crisis is giving Vietnam an advantage. The country’s startup ecosystem has been transformed from the second-least active to the third-most active among ASEAN countries, trailing only Indonesia and Singapore.

Microinsurance can grow to become a foundation for those gig workers to obtain financial protection against material and health risks such as failed delivery, damaged products during delivery, injuries, accidents, and illness, etc.