HCMC Venture Investment Fund

Prime capital for technologies that create new capabilities of the City. 

The first public-private venture capital fund of a locality in Vietnam. Charter capital of VND 500 billion in 2026, accompanying technology businesses from the incubation stage until they are able to reach the international market.

Initial charter capital
500 tỷ
Initial charter capital· Dong · year 2026
Minimum capital size
5.000 tỷ
Minimum capital size· copper · target 2035
Private & international capital comes along
3–5×
Private & international capital comes along· per 1 dong of the Fund's capital

Public–private model

Public capital paved the way, private sector accelerated

The Fund's capital comes from two sides - the City and accompanying investors - together pouring into HCM VIF, then going to businesses and to the market.

CityState capital · orientation
Co-investorsPrivate capital · partner funds
HCM VIFPrimer capital fund · coordination and appraisal
StartupTechnology enterprise
MarketNew products · jobs · new capabilities

Capital from the City and accompanying investors flows to the Fund, then goes to businesses and to the market.

Speech at the Establishment Announcement Ceremony · April 17, 2026

Mr. Hoàng Đức Trung spoke at the Ceremony to announce the establishment of HCMC Venture Investment Fund
With this resource and motivation, we are no longer in the position of 'observing', but it is time for us to start 'creating'.
Mr. Hoàng Đức Trung · Chief Executive Officer of HCMC Venture Investment Fund (HCM VIF) · and also Deputy Chief Executive Officer (CEO) of VinaCapital Ventures

The scale of VND 500 billion in the first year is not simply a financial number, but the trust of the City's leaders and people to create a breakthrough in innovation and the technological appearance of the City.

  1. Firstly

    Becoming a seed capital to lead the market, directing capital flows into key areas where the market is still afraid of risks

  2. Monday

    Invest in depth: select and prioritize core technologies and true digital transformation solutions

  3. Tuesday

    Governance according to international standards: absolute transparency, data-based decisions and real effectiveness

  4. Wednesday

    Long-term vision: turn potential into assets, turning the City into the region's leading technology centre