Making Danang a destination for venture capital activities

ĐNO - On the morning of November 5, the Department of Startups and Technology Enterprises (Ministry of Science and Technology) coordinated with the Center for Supporting Startups and Innovation of Da Nang City to organize a workshop on transforming the fund management mechanism according to the venture capital fund model. Director of the Department of Startups and Technology Enterprises Pham Hong Quat attended the workshop.

Director of the Agency for Startups and Technology Enterprises Pham Hong Quat introduces Decree No. 264 on national and local venture capital funds. Photo: VAN HOANG

The workshop aims to introduce and clarify the key contents of Decree No. 264/2025/ND-CP on the management and operation mechanism of venture capital funds at the national and local levels. At the same time, discuss the practical implementation of venture capital activities for innovative startups, analyze opportunities, challenges and development orientations in Da Nang .

This is a forum for investment funds in Da Nang to share experiences, operating models and propose solutions to difficulties in the current legal framework.

On that basis, the parties discussed together the plan to transform the fund management mechanism towards increasing autonomy, flexibility and accepting controlled risks, and researched the fund's operating model according to the enterprise mechanism.

Thereby, promoting coordination between the Ministry of Science and Technology , ministries, branches, localities and investment funds in forming a network to support the development of national and local venture capital funds.

Investment funds in Da Nang share experiences and operating models. Photo: VAN HOANG

Speaking at the opening ceremony of the workshop, Deputy Director of the City Department of Science and Technology Pham Thi Ngoc Quyen said that Da Nang identifies science, technology and innovation as key driving forces to promote socio-economic development.

The city has been building an increasingly complete innovative startup ecosystem, with the continuous formation and development of support organizations, incubators, venture capital funds, angel investors and the innovative startup business community.

However, venture capital activities in Vietnam in general and in Da Nang in particular still face many barriers from the legal framework, fund management mechanism, to the capacity of startups in accessing and absorbing investment capital.

The Government's issuance of Decree No. 264/2025/ND-CP on the management and operation mechanism of venture capital funds at the national and local levels is an important step in perfecting the legal framework, creating a favorable environment for the formation of investment funds according to market mechanisms, with close coordination between the State and the private sector.

As a dynamic locality in the field of innovation, Da Nang wishes to continue to be a destination for pilot models, investment funds and cooperation projects in the field of venture capital.

“The Department of Science and Technology is committed to working with central agencies, investors, investment funds and the startup community to create a more favorable environment for venture investment activities.

At the same time, propose support mechanisms suitable to local practices and spread the spirit of innovation to each business and individual start-up in the city," said Ms. Quyen.

The workshop introduced the content of Decree No. 264/2025/ND-CP on the management and operation mechanism of venture capital funds at the national and local levels; venture investment activities for startups in Da Nang along with the fund operation model, advantages and difficulties in the investment process for innovative startups.

Within the framework of the workshop, a discussion was held with the theme "Transforming the fund management mechanism according to the venture capital fund model", aiming to discuss and clarify practical issues in the process of forming and operating venture capital funds.

In addition, propose a coordination mechanism between the State, investment funds and startup support organizations in promoting the development of the local creative startup ecosystem.

Source: https://baodanang.vn/dua-da-nang-tro-thanh-diem-den-hoat-dong-dau-tu-mao-hiem-3309237.html