Mr. Truong Viet Dung, Vice Chairman of the Hanoi People's Committee, delivered the opening remarks at the forum (Photo: Doan Manh).
The government acts as a facilitator and shares risks to promote innovative entrepreneurship.
On the morning of December 13th, the National Policy Forum on International Cooperation in Startup and Innovation attracted the participation and contributions of many domestic and foreign businesses, aiming to promote a tripartite investment cooperation model between international financial institutions, the State, and the private sector.
In his opening remarks at the forum, Mr. Truong Viet Dung, Vice Chairman of the Hanoi People's Committee, emphasized that the State does not replace the market but plays a facilitating role, while also sharing initial risks for startup businesses.
The symbol of Saint Giong was mentioned at the forum as an image that inspires the spirit of overcoming difficulties and innovation in the new era, aiming to make Vietnam a high-middle-income country by 2030 and a developed country by 2045.
At the forum, experts focused on discussing rapidly emerging fields, including high-growth sectors such as logistics, artificial intelligence (AI), semiconductors, distributed energy, and renewable energy.
Criteria related to human resources, the suitability of technology to development trends, and commercialization potential are considered key factors, with core and strategic technologies being prioritized to attract investors.
As many countries enter a phase of restructuring their development strategies based on deep technology, investment in cutting-edge technology sectors is identified as a key factor in creating long-term competitive advantage.
完善 policy framework to create incentives for venture capital flows.
Globally, venture capital flows are shifting strongly towards portfolio diversification, prioritizing investments in core technologies, strategic technologies, and sectors with high commercialization potential, thereby reducing risk and improving capital efficiency.
Experts discuss at the forum (Photo: Doan Manh).
Drawing on the experiences of many countries that have achieved success through investment in innovative startups, the Vietnamese government has shifted its perception of venture capital, from viewing it as a high-risk sector to recognizing it as an opportunity to promote growth and enhance national competitiveness.
Decree No. 264/2025/ND-CP, which regulates national and local venture capital funds, has opened up a new direction in mobilizing social resources for innovation and sustainable development.
According to the Decree, the initial charter capital of the national venture capital fund consists of state capital allocated from the development investment expenditure budget of the Ministry of Science and Technology , with a minimum of 500 billion VND, provided in a lump sum upon establishment. In addition, the fund may raise additional capital from domestic and international organizations and individuals in accordance with the law and the fund's charter.
During its first five years of operation, the fund's charter capital is expected to reach a minimum of 2,000 billion VND, based on a combination of state capital and capital mobilized from the public.
The promulgation of Decree 264/2025/ND-CP marks the proactive participation of the State in creating a venture capital market, laying the foundation for the systematic and sustainable development of the innovation and startup ecosystem.
In his concluding remarks at the forum, Mr. Hoang Minh, Deputy Minister of Science and Technology, thanked the speakers for their in-depth presentations, which contributed to promoting the innovation ecosystem.
Mr. Hoang Minh, Deputy Minister of Science and Technology, speaks at the forum (Photo: Doan Manh).
Deputy Minister Hoang Minh stated that, in recent times, investment capital for innovation has tended to decline globally, and Vietnam has also been affected by this general context.
However, investors continue to show interest and pour capital into promising sectors such as AI, biotechnology, and healthcare.
According to Deputy Minister Hoang Minh, Vietnam has reached a point where it needs to develop a national strategy on innovation. This strategy cannot be copied from other countries, but must be based on Vietnam's unique characteristics, cultural foundation, and development goals.
At the same time, Deputy Minister Hoang Minh emphasized the view of promoting the "nationwide entrepreneurship" model, in which every individual and organization has the opportunity to start a business based on technology and innovation.
Source: https://dantri.com.vn/khoa-hoc/huong-toi-mo-hinh-toan-dan-khoi-nghiep-dua-tren-cong-nghe-20251213133106941.htm
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