Deputy Prime Minister Nguyen Chi Dung received 500 Global Venture Capital Fund

(Chinhphu.vn) - On the occasion of attending the opening ceremony of the 9th Future Investment Initiative (FII) Conference, which took place on the morning of October 28 in Riyadh, Saudi Arabia, Deputy Prime Minister Nguyen Chi Dung received the 500 Global Venture Capital Fund.

Deputy Prime Minister Nguyen Chi Dung suggested that 500 Global cooperate with relevant Vietnamese agencies to design startup incubation and digital transformation programs; and cooperate in implementing training programs for startups and venture capitalists according to the Fund's international standards in Vietnam - Photo: VGP/Thu Sa

Headquartered in San Francisco (USA) with total assets under management reaching over 2.7 billion USD, 500 Global is an international venture capital fund operating a vibrant ecosystem in the Middle East - North Africa region, typically the Sanabil Accelerator startup incubation program located in Riyadh.

At the meeting, Ms. Courtney Powell, Chief Operating Officer and Managing Partner, said that 500 Global is exploring cooperation opportunities in Vietnam.

The Deputy Prime Minister highly appreciated the role of 500 Global in making dynamic investments and pioneering in promoting innovation in the Middle East - North Africa region. In particular, the Fund has promoted its role as a strategic partner of Saudi Arabia in the process of implementing Vision 2030.

In early October 2025, FTSE Russell upgraded Vietnam's stock market from frontier to secondary emerging, creating a basis for investment funds, institutional investors, and professional investors to expand investment activities in Vietnam, especially through indirect investment channels.

Deputy Prime Minister presents souvenir to Ms. Courtney Powell, Chief Operating Officer and Managing Partner of 500 Global Fund - Photo: VGP/Thu Sa

The Deputy Prime Minister said that Vietnam is promoting economic restructuring, renewing the growth model, taking science and technology, innovation, digital transformation and Vietnamese cultural values ​​as the main driving force for development in the new era, the era of national development. Along with that is the policy of opening up, integrating, attracting investment to liberate all resources with a strong determination to reform.

Besides, Vietnam is also forming and developing international financial centers in Ho Chi Minh City and Da Nang.

"This is the best time and there is a solid foundation for the Fund to continue to pay attention and expand investment cooperation in Vietnam," the Deputy Prime Minister shared.

The Deputy Prime Minister suggested that 500 Global cooperate with relevant Vietnamese agencies to design a startup incubation program in Vietnam, focusing on 11 strategic technology sectors; coordinate with large corporations to support Vietnam's digital transformation; cooperate in implementing training programs for startups and venture capitalists according to the Fund's international standards in Vietnam...

Thu Sa

Source: https://baochinhphu.vn/pho-thu-tuong-nguyen-chi-dung-tiep-quy-dau-tu-mao-hiem-500-global-102251028152931362.htm