On the morning of July 30, speaking at the opening ceremony of the Da Nang Innovation and Startup Festival (SURF 2025), Deputy Minister of Science and Technology Hoang Minh said that innovation is the key driving force to improve productivity, quality and national competitiveness.
Vietnam ranked 55th in the world in terms of startup ecosystem index (up 1 place compared to 2024), ranked 28th globally in terms of number of startups, ranked 5th in Southeast Asia and 11th in Asia - Pacific .
However, he also frankly pointed out the existing bottlenecks: only 0.4% of enterprises in Vietnam are innovative startups; the ability of domestic startups to expand into international markets is still weak...
The Deputy Minister emphasized that Resolution No. 57 of the Politburo has identified science, technology and innovation as the foundation and central driving force for rapid and sustainable development. On that basis, the Law on Science, Technology and Innovation, recently passed by the National Assembly, has officially placed innovation on par with scientific research. This is an important step forward, paving the way for breakthrough policies.
Deputy Minister Hoang Minh said that the Ministry of Science and Technology is urgently coordinating with ministries and branches to develop decrees and legal guidance documents to submit to the Government in October 2025, with some outstanding new points:
Firstly , a network of innovation centers will be formed from central to local levels. In particular, Da Nang will be selected to become a national innovation center, taking on the role of connecting and providing technology solutions on a national scale.
Second , for the first time, Vietnam will establish a venture capital fund funded by the State. Venture capital funds will exist at the central and local levels. These funds accept risks, do not assign responsibility when startups fail, and are allowed to hire domestic and foreign organizations/individuals to manage them. This fund system is expected to be operational in 2025.
Third , a specialized stock market for innovative startups will be organized. Domestic and foreign investors will have the opportunity to participate in trading shares of innovative startups right on the Vietnamese stock exchange; opening up opportunities for IPOs right in the country, instead of having to go to foreign stock exchanges as before.
Fourth , the National Technology Innovation Fund will be reorganized, allowing direct support for businesses in purchasing copyrights, training human resources, investing in equipment, and supporting bank loan interest rates. The State will also consider buying back research results or products from startups to support the market, or issuing vouchers for using innovative products.
Deputy Minister Hoang Minh said that the Ministry of Science and Technology will also submit to the National Assembly amendments to the Law on Intellectual Property and the Law on Technology Transfer in October. Some notable contents include: allowing the mortgage of intellectual property to borrow capital from banks, encouraging forms of technology transfer between domestic organizations and having specific preferential policies.
In addition, the Government Staff submitted to the Politburo a national startup project. In which, for the first time, technology will be turned into a service for startup activities. An individual can establish a one-person business, using the digital environment to replace the traditional office and accounting apparatus.
This model is expected to promote the conversion of individual business households into enterprises, shorten administrative procedures and spread the startup culture to all people.
Source: https://vietnamnet.vn/viet-nam-se-co-san-chung-khoan-rieng-cho-startup-2426968.html
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