Vietnam broke into the global top 50 startup ecosystems for the first time in 2026, and Ho Chi Minh City cracked the global top 100 alongside it. Three cities are driving that climb: Ho Chi Minh City, the commercial engine with 30,000 ICT firms and a new city-backed venture fund; Hanoi, home to Vietnam's flagship national hi-tech park and its deepest ICT talent pool; and Da Nang, the newest of the three, still emerging.