On August 8, 2025, representatives from the VP Center for Entrepreneurship & Innovation (VPCEI) and Vietnam Partners LLC (VPLLC) met with Deputy Minister Hoang Minh of the Ministry of Science & Technology (MOST) in Hanoi to discuss Vietnam’s most ambitious venture capital initiative to date — the National Venture Capital Fund (NVCF).
This meeting marks a pivotal step in positioning VPCEI/VPLLC as a trusted strategic partner to the Government in building the country’s innovation and startup ecosystem. With MOST’s backing, VPCEI is uniquely placed to connect policy, private investment, and entrepreneurship training — a combination that will define the next phase of Vietnam’s economic transformation.
1) Government Support for a National Innovation Ecosystem
MOST is spearheading a $100M government-backed venture capital fund to bridge Vietnam’s funding gap for startups, focusing on five priority areas:
- Corporate Venture Capital (CVC) with major Vietnamese conglomerates.
- Core technologies such as AI, biotechnology, 5G/6G, green tech, and advanced manufacturing.
- Cross-border investments to accelerate technology transfer and global market access.
- High-risk, high-impact ventures with regional and national potential.
- Support for local innovation ecosystems via training, networking, and knowledge-sharing.
For the first time, Vietnam will also launch a dedicated stock exchange for innovative startups, creating domestic IPO pathways and retaining more value within the country.
2) VPCEI’s Role — Where Government Policy Meets Private-Sector Execution
During the meeting, MOST emphasized the need for a private, professional fund management team to operate the NVCF. VPCEI/VPLLC — with decades of fund management experience in Vietnam and globally — is well-positioned to:
Provide fund structuring and portfolio management expertise.
Offer entrepreneurship and innovation training for both policymakers and startups.
Bridge international investor networks with Vietnam’s domestic innovation ecosystem.
Advise on best-practice governance drawn from global venture capital hubs like Silicon Valley and Singapore.
In recognition of this alignment, VPCEI and the National Startup Support Center (NSSC) will sign an MOU to establish a strategic partnership, jointly delivering high-quality training and advisory services to the Government and startup community.
3) About VPCEI
The VP Center for Entrepreneurship & Innovation (VPCEI) is a leading platform dedicated to advancing Vietnam’s next generation of corporate leaders and innovation-driven enterprises. By integrating executive education, strategic investment, and global business networks, VPCEI is building a powerful engine for sustainable economic transformation. In alignment with the Ministry of Science & Technology’s mission and Decree 68 on private sector development, VPCEI’s 2030 goal is to equip 10,000 business leaders and next-generation entrepreneurs with the skills to lead, and to catalyze 100 high-impact corporate and investment initiatives that strengthen Vietnam’s global competitiveness.
