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Ho Chi Minh City has approved the establishment of a VND 5 trillion venture capital fund, with a focus on investing in sectors such as blockchain and AI.
Svmuu News: The Ho Chi Minh City People’s Committee has officially approved a project to establish a large-scale new venture capital fund. The fund plans to raise 5 trillion Vietnamese dong (approximately $190 million) by 2035 to promote the development of the city’s technology ecosystem. Priority investment areas include artificial intelligence and blockchain technologies, semiconductors, biotechnology, and renewable energy. A consortium comprising multiple companies and investment funds—including Vingroup, Sovico Group, VinaCapital, FPT Corporation, and Lotte Ventures Vietnam—has been formed to participate in the fund. (Startupresearcher)
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