Under the plan approved by the municipal People’s Committee, the fund will begin operations in 2026 with an initial charter capital investment of VND 500 billion (about USD 19.7 million), including VND 200 billion (40 per cent) from the State budget and VND 300 billion (60 per cent) from private investors. The city aims to expand the fund’s capital to at least VND 5 trillion by 2035.
The fund will operate under a public–private partnership model, with the State providing “seed capital” to attract private investments. For every VND 1 of State capital, the city expects to mobilise VND 2-3 from the private sector.
Several corporations and investment funds, including Sovico Group, Vingroup, VinaCapital, Becamex IDC, VNG Corporation, CT Group, Hoa Sen Group, Lotte Ventures Vietnam and FPT Corporation, have committed to joining as founding investors.
During 2026-2035, the fund plans to invest in 50-150 innovative startups and science-technology enterprises, support the commercialisation of at least 50 new products or technologies, and help develop at least five large technology firms capable of listing on stock exchanges or engaging in international mergers and acquisitions.
Priority investment areas include digital technologies such as artificial intelligence, big data and blockchain, semiconductor manufacturing, biotechnology, new materials, renewable energy, automation and robotics.