Ho Chi Minh City launches VND 500 billion venture capital fund for startups
Ho Chi Minh City launched the first venture capital fund with an initial charter capital of VND 500 billion, combining state budget and private capital, supporting startups from incubation to growth.
On April 17, 2026, Ho Chi Minh City officially launched the Venture Capital Fund with an initial charter capital of 500 billion VND, of which the city budget contributed 200 billion VND (40%) and private investors contributed 300 billion VND (60%). The goal is that by 2035, the fund size will reach 5,000 billion VND.
Founding shareholders
- Sovico Group: 100 billion Dong
- ZXQKEEP Group00047XQZ: 60 billion VND
- ZXQKEEP Group00049XQZ: 50 billion VND
- VinaCapital: 25 billion VND
- Sunwah Group (Vietnam): 25 billion copper
Priority fields
Artificial intelligence, semiconductor technology, biotechnology, green technology, automation, robotics and transformation solutions No.
“Each dollar of capital spent will become a 'magnet' to attract three to five additional dollars of capital from private and international investment funds.”
“Venture capital fund is a completely new local financial model, allowing state capital to 'take controlled risks'.”
“Continue to accompany and create all favourable conditions for the fund to operate according to market principles, transparency and efficiency.”
Source: VnExpress — vnexpress.net. The article is reposted for the purpose of sharing information for the founder and investor community in the ecosystem HCM VIF.
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