Vietnam is one of the most rapidly-expanding tech ecosystems in Southeast Asia. : 500 Startups has set its sights on Vietnam, a historically dormant market that’s recently emerged as one of the most rapidly-expanding tech ecosystems in Southeast Asia. The Silicon Valley startup accelerator and venture capital fund has raised $14 million for 500 Startups Vietnam, it’s Ho Chi Minh City-based micro-fund focused on Vietnam-headquartered startups or companies catering to the Vietnamese market. The fund launched in March 2016 with a $10 million target to capitalize on a new cohort of internet-era startups.