Vietnam's AI prowess boosts precision medicine startups

HANOI -- Vietnam's rapid strides in artificial intelligence and technology are rubbing off on health tech investments in the country, particularly in precision medicine.

Despite the overall gloom for fundraising in 2023, health tech investments in Southeast Asia held up as startups in the sector raised $580 million from 60 deals, according to the "SE Asia Deal Review: Q4 2023" report by DealStreetAsia's Data Vantage. While startups in Singapore and Indonesia, which have much larger economies, cornered the lion's share of the health tech fundraising, Vietnam ranked third in the region with a 3.9% share of the investments.