Regulations on National Venture Capital Funds and Local Venture Capital Funds

This Decree provides for the establishment, organizational structure, operation, management, capital proportion structure from the state budget, capital use, supervision mechanism for the National Venture Capital Fund, local venture capital funds and other contents specified in Article 40 of the Law on Science , Technology and Innovation.

This Decree applies to: National venture capital funds; local venture capital funds; organizations and individuals investing in the National venture capital funds and local venture capital funds; relevant agencies, organizations and individuals.

Policy to encourage and promote venture investment: Create conditions for financial institutions, venture capital funds, innovative startup investment funds, science and technology development funds of enterprises, and domestic and international individual investors to participate in investing and supporting the development of the national and local innovative startup ecosystem and venture investment in Vietnam.

Encourage and facilitate enterprises to contribute capital to venture capital funds using the state budget to invest in innovative start-up enterprises in accordance with the development strategy, investment, production and business plans of the enterprise.

Develop digital platforms connecting innovative startups, experts, individual investors, venture capital funds, innovative startup investment funds, innovative startup support organizations, and promote investment in innovative startups.

Encourage enterprises and economic groups to establish innovative startups and develop innovative startup projects to develop new products and services and innovative business models to attract investment resources from venture capital funds and innovative startup investment funds.

Principles of operation of the fund: Comply with Vietnamese laws and international treaties of which Vietnam is a member; comply with the laws of the country and territory when investing abroad.

Operate according to market principles, accept controlled risks, ensure publicity, transparency, efficiency and information security.

Support the innovative startup ecosystem, prioritizing investment in innovative startup businesses and projects with high growth potential in the fields of high technology, digital technology , strategic technology, technology that encourages transfer, green economy, circular economy, sustainable development, creating positive impacts on the local and national economy, society, and environment.

The fund's objective is to invest and attract investment resources into innovative startups and innovative startup projects with breakthrough growth potential, capable of solving local, national and international economic, social and environmental challenges. Support and promote the development of the national innovative startup ecosystem in the locality, the venture capital market in Vietnam to serve the country's socio-economic development and international integration.

Regarding management and operation mechanisms, the Fund builds management and operation mechanisms, cooperation mechanisms, and coordinates the effective use of resources and experts of the Fund domestically and abroad to serve investment activities for creative startups, support the creative startup ecosystem at local and national scope, and connect internationally.

The Fund develops criteria, conditions, selection process, rights and obligations of organizations and individuals managing and operating the fund; signs cooperation agreements, hires professional organizations and individuals in the country and abroad to manage and operate the fund...

Source: https://baotintuc.vn/kinh-te/quy-dinh-ve-quy-dau-tu-mao-hiem-quoc-gia-va-quy-dau-tu-mao-hiem-cua-dia-phuong-20251016081842068.htm