Green business
Environmentally friendly products, circular business models, recycled materials... are the direction chosen by many young startups. From rice straws, non-pasteur cosmetics to clothing recycling models, green is no longer a secondary choice, but a survival strategy.
Dr. Amelia Rooks, a sustainability economist at the University of Oxford (UK), commented: Young people today not only want to get rich, they want to make changes. Green startups not only attract customers but also attract investment capital because they truly reflect global trends".
Creative economy
Young people are turning personal talent into a sustainable business model: design, photography, writing, podcasting, YouTube, digital content production... Creative economy does not require large capital, but requires perseverance and clear personal identity.
In the digital age, the explosion of TikTok, Instagram, Substack platforms and Patreon is helping "independent artists" to be financially independent without having to depend on traditional organizations.
AI technology and software
Creating apps, writing chatbots, developing online learning platforms, optimizing business processes with AI... are fields that are booming. With a technology platform, young startups can connect globally without the need for huge facilities.
Mr. Kevin Tran, a venture investor at 500 Global (USA) shared: We have witnessed a strong increase in AI startups from Southeast Asia, especially Vietnam. Young people here have the ability to learn quickly, and the technology model allows them to reach out to the world right from the first year".
Health and mental care
From meditation applications, home health care services, functional foods to online psychotherapy platforms, young people are starting a business in the health sector with a new perspective, not only treating diseases, but also aiming for a healthy and happy life.
Increasing interest in mental health, especially after the COVID-19 pandemic, has made products and services in this field a "gold mine" for startups.
personalized education
An educational startup is no longer just about setting up an extra-curricular center. Now, it is a platform for learning soft skills, critical thinking, programming, 1-1 English via Zoom, short-term micro course for workers... Everyone can study and teach, be a consumer and a content creator.
