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"500 Startups, a U.S.-based venture capital firm with a growing penchant for investing in Asian startups, has kickstarted a $10 million fund in Vietnam.\nThe fund will aim to make at least 100 investments in Vietnamese startups, with one-time check sizes reaching as high as $250,000, the company announced on Monday.\nThe VC firm was founded by Dave McClure, an angel investor who worked for both Paypal \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tpypl\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t and Founders Fund before he started 500 Startups in 2010.\nOver the past year, according to TechCrunch, 500 Startups has started a $30 million fund in Japan, a $25 million fund in India, and upped its pool for Southeast Asia to $22 million. Last year, the firm closed a global fund of $85 million with nearly 500 investors that included Yahoo Japan and marketing agency Dentsu.\n\n\t\t\t\t\n\t\t\t\n\t\t\t\n&amp;nbsp;\nVietnam is seeing increasing interest from VC firms, who are targeting a population of around 90 million people living in an economy that&amp;#8217;s growing at around 6% annually in recent years. Around 43% of the population are online, and there are around 147 mobile phones for every 100 people. In 2014, Vietnam also became the fastest growing market for Apple \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\taapl\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t."^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2016/03/08/500-startups-vietnam/>