Ho Chi Minh City venture fund receives 50 proposals, plans first disbursements in late 2026

Four months after its launch, the Ho Chi Minh City Venture Capital Fund has received around 50 investment proposals and is preparing to make its first disbursements in late 2026. The fund, officially opened its office on August 25th at the Ho Chi Minh City Center for Creative Startups.

Launched in April 2026 with an initial capital of 500 billion VND (200 billion VND from the state budget and 300 billion VND from corporations and businesses), the fund aims to mobilize 5,000 billion VND by 2035. It seeks to act as a catalyst, attracting further social resources. To overcome investment bottlenecks, the fund employs innovative financial mechanisms, including controlled risk-taking, exemption from liability for objective losses, and flexible public-private partnership models.

From 2026 to 2030, the fund will focus on investing in 50 to 150 innovative startups and science-technology enterprises. Priority sectors include artificial intelligence, semiconductors, biotechnology, renewable energy, and automation.

Hoang Duc Trung, Director of the Ho Chi Minh City Venture Capital Fund, stated that the fund is actively seeking promising investment opportunities. "We are not only looking for potential investment opportunities but are also committed to helping businesses build management capacity, connect with market resources, support business expansion, and create conditions for Vietnamese technology companies to reach the global market," he said. The fund expects to finalize 1-2 investment deals by the fourth quarter of 2026.

Tran Trong Tuyen, Deputy Director of the Ho Chi Minh City Department of Science and Technology, noted that recent urban development legislation passed by the National Assembly includes two policies relevant to venture capital. The Ho Chi Minh City People's Council can now increase the fund's charter capital, and businesses based in the city can use their own science and technology development funds to invest in the venture capital fund. The department plans to propose further venture capital policies to the City People's Council for approval in 2026.

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We are not only looking for potential investment opportunities but are also committed to helping businesses build management capacity, connect with market resources, support business expansion, and create conditions for Vietnamese technology companies to reach the global market.