Attracting private capital into innovation - Lang Son Newspaper and Radio and Television Station

The event was attended by Deputy Prime Minister Nguyen Chi Dung and representatives of ministries, branches and localities.

The forum also gathered more than 1,000 delegates, including more than 200 delegates who were investors from Asia and Europe. The forum was organized by the National Innovation Center (NIC), The Ministry of Finance coordinated with the Vietnam Private Equity Development Organization (VPCA) and related units to organize.

Delegates attending the forum. Photo: DUC MINH

VIPC 2025 is an opportunity for Vietnam to affirm its national development strategy according to Resolution No. 57/NQ-TW on breakthroughs in science, technology, innovation and national digital transformation, considering science, technology and innovation as the main driving force of economic growth.

Speaking at the forum, Deputy Prime Minister Nguyen Chi Dung affirmed that Vietnam is a country with a rapidly growing digital economy in recent times, with 30 billion USD in 2024 and expected to account for 30% of GDP in 2030. With that development, Vietnam is being evaluated as a strategic destination for global technology investors. Along with the strong supply chain shift policy, Vietnam has become an attractive investment destination for large technology corporations in the world.

Deputy Prime Minister The Government of Nguyen Chi Dung affirmed that in order to realize the potential of the digital economy, the Vietnamese Government is creating favorable conditions to attract investment in science, technology and innovation. Accordingly, the Deputy Prime Minister called on investors who have seen the potential and opportunities in the Vietnamese market to "act more quickly and decisively" to turn the potential and opportunities in the Vietnamese market and turn commitments into value. The Vietnamese Government will continue to have incentive mechanisms and policies to attract investment from the private sector in the fields of science, technology and innovation.

Deputy Prime Minister Nguyen Chi Dung speaks at the forum. Photo: DUC MINH

More than just a networking event, VIPC 2025 has contributed to positioning Vietnam as a potential destination for innovation capital flows in the Southeast Asian region.

Mr. Vinnie Lauria, Board of Directors of VPCA, said that the event was organized to attract global capital flows at a time when Vietnam is entering a key development stage. At the same time, he hoped that the event would become a strategic "meeting place" where the trust of investment capital sources meets.

Amid declining global investment flows, foreign funds are still expected to invest about 2.3 billion USD in Vietnam's innovation sector by 2024.

VIPC 2025 will have discussion sessions on key industries, and at the same time announce Vietnam's policies and vision to international investors, share about divestment opportunities, cross-border development opportunities in the fields of fintech, AI and deep tech... Thereby, reflecting Vietnam's long-term vision as a regional innovation center, especially in high-tech manufacturing, capital market development and cross-border business expansion.

Deputy Prime Minister Nguyen Chi Dung and delegates attending the forum witnessed cooperation in attracting private investment capital into the field of innovation. Photo: DUC MINH

At VIPC 2025, NIC and VPCA will sign a series of bilateral memorandums of understanding with three leading investment associations in Asia, including: Korea Venture Capital Association; Singapore Private Venture Capital Association; Hong Kong Private Venture Capital Association (China).

Together, the three institutions manage a combined $5 trillion in assets. This is the first time that Asia’s major private equity firms have formally joined forces, creating a regional investment bloc with common goals and coordinated actions.

Source: https://baolangson.vn/hut-nguon-von-tu-nhan-vao-doi-moi-sang-tao-5044823.html