Many startups are looking forward to VinVentures' partnership.

Experts believe that, with its solid foundation and open vision, the VinVentures technology investment fund will be a powerful launching pad for Vietnamese startups and create a foundation for the high-tech industry in Vietnam.

Experts: Many startups are looking forward to VinVentures' partnership.

Experts believe that, with its solid foundation and open vision, the VinVentures technology investment fund will be a powerful launching pad for Vietnamese startups and create a foundation for the high-tech industry in Vietnam.

The foundation for the digital economy.

The VinVentures Fund is a blockbuster project officially launched by Vingroup on October 28th. The fund has total assets of up to $150 million USD, focusing on Artificial Intelligence (AI), Semiconductors, Cloud Computing, and high-tech products. Furthermore, the fund's investment scope is not limited to startups in promising growth sectors.

This is considered great news for the Vietnamese startup community. Mr. Ngo Duc Hai, Founder of Funzilla Vietnam - a company operating in the entertainment technology sector in Hanoi , pointed out that the flow of capital for technology startups has been increasingly sluggish recently. He cited statistics from the market data platform Tracxn showing that the total funding for Vietnamese technology startups in the first half of 2024 decreased by as much as 52.7% compared to the first half of 2023.

"This is the time when technology projects need support more than ever. If they cool down, it will be very difficult to revive the market," Mr. Hai said.

Beyond Artificial Intelligence, Semiconductors, and Cloud Computing, VinVentures prioritizes unlimited expansion with startups in high-growth potential sectors and high-tech products.

With VinVentures, Mr. Ngo Duc Hai expects not only to "quench the thirst" for capital for startups but also to create a strong impetus through a systematic and rapid approach in the "Vingroup style." He cited the example of technology projects in the Vingroup Innovation Fund's Science and Technology Project Funding Program (VinIF) which have impressed researchers with their systematic evaluation process and rapid disbursement, helping many projects quickly become reality. "For startups, speed is the most important thing because opportunities come and go very quickly. That's also why many startups will look forward to VinVentures' partnership," Mr. Ngo Duc Hai assessed.

From a broader perspective, Associate Professor Dr. Dinh Trong Thinh, an economic expert with many years of experience in international finance, highly appreciates the steps taken by Vingroup and Mr. Pham Nhat Vuong in focusing on areas with great potential to develop Vietnam's high-tech industry. “Artificial intelligence, semiconductors, and cloud computing are three fundamental areas of the high-tech era. If Vietnam wants to overcome the middle-income trap, it must build a digital economy with these three pillars,” Associate Professor Dr. Dinh Trong Thinh affirmed.

He also expressed his belief that the projects supported by VinVentures will help create a trend of digital technology development in Vietnam. "To overcome the middle-income trap, we must successfully build a digital economy, and we desperately need inspiring people like VinVentures," the expert said.

Creating synergy and increasing the competitiveness of Vietnamese brands.

From a mentoring perspective, Associate Professor Dr. Dinh Trong Thinh pointed out that VinVentures' advantage lies in Vingroup's multi-industry ecosystem. This means that startups will have the opportunity to connect with companies in many fields to receive advice, assessments, and quality testing before entering the market and potentially becoming future customers.

"Good technology projects can even be applied to the cutting-edge areas of corporations like VinFast to create technological synergy, thereby increasing the competitiveness of Vietnamese electric cars," Associate Professor Dr. Dinh Trong Thinh assessed.

Many experts believe that successful technology projects could be applied to VinFast to create a technological synergy for Vietnam.

Beyond partnering with VinFast, and leveraging the strong network and resources of large corporations like Vingroup, startups have numerous opportunities to meet and connect with other world-class businesses. If they seize these opportunities to grow, Vietnamese tech startups could even expand regionally and globally.

In particular, given the open-minded approach of previous collaborative projects, the economic expert believes that VinVentures will not "tie down" startups with exclusive terms, but rather allow them to seek additional resources from other investment funds in the market. "With the Vingroup network, startups will not only have access to support from VinVentures but also from many other investment funds in the market. This alliance will help projects develop more sustainably and sustainably, thereby making a greater contribution to the country's industry," the expert stated.

Given its immense significance, according to the expert, VinVentures' $150 million in assets may only be the beginning. "With a nationalistic spirit and decisive thinking, I believe Vingroup will be ready to invest more resources if the project's contributions are practical for the startup ecosystem and the Vietnamese industry," said Associate Professor Dr. Dinh Trong Thinh.

Source: https://baodautu.vn/batdongsan/chuyen-gia-quy-vinventures-se-tao-diem-tua-cho-nen-cong-nghiep-cong-nghe-cao-viet-nam-d228739.html