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Vietnam TechBio market projected to reach USD 94.4 million by 2034
Vietnam is developing a growing biotechnology and tech ecosystem, though the market for AI-driven drug discovery remains in its early stages. The sector is valued at approximately USD 9.6 million in 2025 and is projected to reach USD 94.4 million by 2034, representing a compound annual growth rate of roughly 28%.
Growth in this sector is expected to be driven by government policy support, infrastructure development, and the integration of AI into pharmaceutical research and development processes. While pure-play AI drug discovery startups are currently rare, Vietnamese biotech companies are finding commercial success in areas such as genomic diagnostics, agritech, probiotics, and generic manufacturing.
To support this development, programs like TECH PLANTER are operating in Ho Chi Minh City. This deep-tech seed acceleration platform aims to identify and fund early-stage entrepreneurs in fields including biotech and AI by connecting them with global mentors and investors.