The Vietnamese government on April 5 issued Resolution No. 86/NQ-CP, a new national strategy for innovative startups designed to significantly expand the country's technology ecosystem and venture capital market by 2030.
Vietnam's new resolution sets clear benchmarks for its tech sector, targeting at least three more billion-dollar companies and a dramatic increase in venture capital flow into the country over the next six years. This strategy aims to position Vietnam as a leading innovation hub in Southeast Asia, building on recent momentum.
What We Know So Far
- The Vietnamese government issued Resolution No. 86/NQ-CP, a national strategy for innovative startups, on April 5, according to multiple government reports.
- The strategy aims to have at least five startups valued at $1 billion or more by 2030, a significant increase from the country's current unicorns.
- A key financial target is to scale Vietnam's venture capital market to $1.5 billion by 2030, as reported by Vietnam News.
- The plan calls for the development of at least 10,000 innovative startups by 2030, as part of a broader goal to reach five million total business entities.
- Vietnam aims to improve its international standing, targeting a rank among the top 40 in the Global Innovation Index and the top 45 in global startup ecosystem rankings by 2030.
