Vietnam eyes more private capital for strategic technology industries

VOV.VN - The Vietnam Innovation and Private Capital Investment Summit 2026 (VIPC Summit 2026) opened in Ho Chi Minh City on May 28, focusing on solutions to mobilise funding for tech enterprises and develop Vietnam’s strategic technology industries.

The event was jointly held by the National Innovation Centre (NIC) under the Ministry of Finance, the Vietnam Private Capital Association (VPCA) and Do Ventures.

In his opening speech, Deputy Minister of Finance Le Tan Can emphasised that Vietnam is entering a new phase of development in which science and technology, innovation, digital transformation, and the private sector are key growth drivers.

With an economy of around US$500 billion ranked among the world’s 35 largest along with rapid growth in the digital economy, startup ecosystem, and high-tech investment inflows, Vietnam has significant opportunities to accelerate breakthroughs in strategic fields such as artificial intelligence, semiconductors, and digital technology.

The Deputy Minister revealed that the Ministry of Finance is working to improve institutions and develop the capital market toward greater transparency, modernity, and alignment with international standards.

“The Ministry of Finance is committed to continuing to accompany the business community and investors, contributing to a favourable environment to attract long-term capital into strategic technology industries, creating a foundation for Vietnam’s rapid and sustainable growth in the coming period,” he noted.

From a local government perspective, Ho Chi Minh City People’s Committee Vice Chairman Nguyen Manh Cuong underscored the city’s role as Vietnam’s leading economic, financial, and innovation hub.

He reaffirmed the city’s ambition to become a gateway connecting global capital flows with the Vietnamese economy through the development of the Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC).

Representatives from the State Securities Commission, Mekong Capital, the Global Green Growth Institute (GGGI), VinaCapital, and Eurazeo outlined that upgrading Vietnam’s stock market to the emerging market status, along with the development of the VIFC-HCMC, would play a key role in expanding access to capital for high-growth technology firms.

At the forum, NIC, VPCA, and Boston Consulting Group (BCG) also launched the Vietnam Technology and Innovation Investment Report 2026 and the Vietnam Private Capital Market Index.

The report provides an overview of Vietnam’s innovation capital market, investment trends in technology, venture capital activity, the growth of tech enterprises, and shifts in domestic and international capital flows.

Organisers said the publication of the two datasets marks an important step toward professionalising the innovation investment market and strengthening international investor confidence in Vietnam.

Concluding the event, Deputy Prime Minister Nguyen Van Thang praised the in-depth discussions among policymakers, investors, and domestic and international businesses on Vietnam’s development prospects in the technology era.

He stressed that Vietnam is facing a historic opportunity to integrate more deeply into new global value chains, particularly in areas such as artificial intelligence, semiconductors, data, and digital technology.

To seize this opportunity, Vietnam must build an open innovation ecosystem that closely connects the government, enterprises, research institutes, universities, and the international investment community, thereby transforming knowledge, technology, and capital into national competitive advantages, he said.

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Technology bolsters growth confidence among Vietnam’s small businesses

Vietnam’s small businesses saw a strong performance in 2025, with 84% reporting growth - a slight increase from the previous year, according to an Asia-Pacific small business survey released on April 21 in Ho Chi Minh City by CPA Australia, one of the world’s largest professional accounting organisations.

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