Legal entity · Capital · Administration
Legal status, capital structure, governance
HCM VIF JSC is a joint stock company initiated and established by the City People's Committee under Decree 264/2025/ND-CP, with independent accounting.
- 500 tỷ
- Initial charter capital
- 40 / 60
- State/Private
- 5.000 tỷ
- Minimum charter capital
- 90 ngày
- Time limit for full capital contribution
Dong · year 2026
200 billion / 300 billion VND
target to 2035
from the date of issuance of the business registration certificate
Legal entity profile
Legal profile of the Company
Legal identity and legal framework governing the Company's operations.
- Vietnamese name
Công ty Cổ phần Quỹ đầu tư mạo hiểm Thành phố Hồ Chí Minh
- English name
HCMC Venture Investment Fund
- Abbreviated name
HCM VIF JSC
- Type
Công ty cổ phần, có tư cách pháp nhân, hạch toán độc lập
Seal and separate account according to the Enterprise Law.
- Legal basis
Nghị định 264/2025/NĐ-CP về quỹ đầu tư mạo hiểm
Along with Resolution 57-NQ/TW, Resolution 98/2023/QH15, Law 68/2025/QH15.
- Initiating agency
Uỷ ban nhân dân Thành phố Hồ Chí Minh
Appoint a representative for state capital at the Company.
- Model
Hợp tác công – tư, vận hành theo nguyên tắc thị trường
- Status
Đang trong giai đoạn thành lập, chưa vận hành
The published content is the target according to the Project.
Initial capital contribution
Initial charter capital structure
Charter capital in 2026 is 500 billion VND, including 200 billion VND of City budget capital and 300 billion VND of private capital.
Charter capital structure in 2026 according to the Fund establishment project
- 0%State budget · 200 billion VND
- 0%Private investor · 300 billion VND
01
Capital contribution period is 90 days
Shareholders contribute the full registered capital within 90 days from the date of issuance of the Business Registration Certificate.
02
Target shareholders
Investment funds, financial institutions, banks, technology corporations and domestic and foreign organisations and individuals according to the Charter.
03
Sponsoring separate accounting
Grants and aids are not included in charter capital and are accounted for separately from shareholders' capital contributions.
Governance & accountability
Management separates ownership and operations
HCM VIF JSC is an independent accounting joint stock company, operating according to market principles and transparency.
- 01
General Meeting of Shareholders
The highest decision-making body of the Company, approving issues under its authority according to the Enterprise Law and Charter.
- 02
Board of Directors
Minimum 03 members; The state has 01 capital representative throughout. The Chairman of the Board is the first legal representative.
- 03
Board of Supervisors
The Supervisory Board or Controller monitors operations and periodically evaluates the Fund's portfolio.
- 04
Separation of ownership and operations
The Executive Board is a team of independent experts, making investment decisions according to market mechanisms, separate from ownership.
- 05
Take controlled risks
Management risk at the portfolio level: loss of state capital not exceeding 50% in an investment cycle.
- 06
Disclaimer & reporting
The operator is exempt from civil liability for losses due to objective risks if he fully complies with the process.
Learn the thesis and discipline of investing
Based on the legal entity and capital structure mentioned above, the investment strategy determines the objects, stages and conditions for investment consideration.