Promoting capital flows for innovation ecosystem development

Speaking at the meeting, Mr. Vu Quoc Huy, Director of NIC, said that VIPC Summit 2025 with the theme “Promoting innovation, unlocking private capital, bringing Vietnam into the era of growth” will take place on April 22. This is one of the specific actions to realize the vision of Resolution No. 57-NQ/TW dated December 22, 2024 of the Politburo on breakthroughs in science and technology development, innovation and national digital transformation.

The Ministry of Finance will coordinate with the Ministry of Science and Technology and relevant ministries and branches to carry out the Government's tasks to promote investment in science and technology development and innovation, contributing to helping Vietnam achieve the growth target of over 8% in 2025 and double-digit growth in the coming period.

Mr. Vu Quoc Huy, Director of NIC, spoke at the event on the afternoon of April 15. Photo: DUC MINH

Regarding the specific content, Ms. Kim Ngoc Thanh Nga, Deputy Director of NIC, said that the forum focuses on the goals of promoting the role of private capital in developing the innovation ecosystem; establishing an annual policy dialogue platform between the public and private sectors in the field of investment in innovation and technology; strengthening connections between the Government , investors, technology enterprises and domestic and international financial institutions; promoting investment cooperation in key technology fields.

VIPC Summit 2025 will also announce the Innovation and Technology Investment 2025 report, synthesizing data on technology investment in 2024, assessing and analyzing opportunities and challenges of the private capital market in Vietnam in the coming period and discussing global and regional trends in technology investment and innovation.

Mr. Vinnie Lauria, member of VPCA Board, founder of Golden Gate Ventures Fund. Photo: DUC MINH

The forum is expected to include in-depth discussions on strategies to expand into international markets in the context of a volatile world economy; the future of artificial intelligence application companies in Vietnam; business development in the growth stage; and Vietnam's next innovation potential.

Sharing about the investment journey in Vietnam and the role of VPCA, Mr. Vinnie Lauria, member of the VPCA Board and founder of Golden Gate Ventures Fund, said that this unit wishes to make Vietnam a market that accounts for 1/3 of the investment portfolio in the future.

“We established VPCA to connect the fragmented elements in the ecosystem between investors, founders, management agencies and training units. This will be a synchronous system to promote the sustainable development of the private capital market in Vietnam with the goal of mobilizing 35 billion USD by 2035,” said Mr. Lauria.

According to the Vietnam Technology and Innovation Investment Report 2024, nearly 100 funds have invested in Vietnamese technology startups. Of which, the most active investors are from Singapore with a total investment of 529 million USD. Although this figure decreased by 17% compared to the previous year, compared to the 35% decrease in total venture capital globally, the Vietnamese market is still considered resilient in the face of challenges in the capital market.

FLOWING WATER

Source: https://www.sggp.org.vn/thuc-day-dong-von-cho-phat-trien-he-sinh-thai-doi-moi-sang-tao-post790753.html