The most read Vietnamese newspaper
Edition: International | Vietnamese
© Copyright 1997 VnExpress.net. All rights reserved.
Get VnExpress first in Google Search
See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
 |
|
Robotics arms displayed at the VIIE 2025 Innovation Exhibition in October 2025. Photo by VnExpress/Luu Quy |
Approved by the city’s People’s Committee, the fund is scheduled to start operating in 2026 with VND200 billion from the State budget and VND300 billion from private investors. Officials hope to grow its total capital to at least VND5 trillion by 2035.
The fund will operate under a public–private partnership model, with the State providing "seed capital" to attract private investments. For every VND1 of State capital, the city expects to mobilize VND2–3 from the private sector.
Several corporations and investment funds, including Sovico Group, Vingroup, VinaCapital, Becamex IDC, VNG Corporation, CT Group, Hoa Sen Group, Lotte Ventures Vietnam and FPT Corporation, have committed to joining as founding investors.
During 2026–2035, the fund plans to invest in 50–150 innovative startups and science-technology enterprises, support the commercialization of at least 50 new products or technologies, and help develop at least five large technology firms capable of listing on stock exchanges or engaging in international mergers and acquisitions.
Priority investment areas include digital technologies such as artificial intelligence, big data and blockchain, semiconductor manufacturing, biotechnology, new materials, renewable energy, automation and robotics.
