With Vietnam aiming for double-digit economic growth during the 2026–2030 timeframe, the Party and State have recognized science, technology, and innovation as essential catalysts for development.
In this context, securing investment funding for innovation is anticipated to emerge as a greater policy focus in the coming years.
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During the recent Vietnam–EU business forum focused on innovation and sustainable investment, Ekaterina Zaharieva, European Commissioner for Startups, Research and Innovation, praised the Southeast Asian country's advancements in developing its ecosystem for innovation, science and technology, and digital transformation. She pointed out that these areas are progressively establishing themselves as the basis for long-term national competitiveness, including for Vietnam.
Vu Quoc Huy, Director of the National Innovation Centre (NIC) under the Ministry of Finance, states that Vietnam is proactively pushing forward in science and technology, innovation, and national digital transformation while also enhancing its investment and business environment to ensure greater transparency, stability, and alignment with international standards.
In October of the previous year, the Prime Minister released Decree No. 264/2025/ND-CP regulating both national and local venture capital funds. The policy aims to promote investment in the advancement of science, technology, and innovation. The framework allows involvement from financial institutions, venture capital funds, startup investment funds, corporate science and technology development funds, as well as both domestic and international individual investors, in bolstering Vietnam's national and local innovation ecosystems.
The policy further promotes businesses to invest capital in venture funds with state budget resources to support innovative start-ups, while fostering an environment for corporations and enterprises to create start-ups and advance innovation projects focused on generating new products, services, and business models that can attract venture capital.
Bolstered by these policy incentives, foreign venture capital funds have progressively increased their investments in Vietnam's innovation ecosystem. Aditya Kamath, a founding partner at Argor Capital, stated that the fund has been actively investing in Vietnam's technology and startup landscape and continues to be dedicated to fostering innovation and entrepreneurship in the nation.
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During a meeting in May this year with a delegation of international investors headed by Argor Capital, Deputy Minister of Finance Nguyen Duc Tam emphasized that attracting foreign venture capital is crucial for motivating Vietnamese companies to embrace new technologies and explore emerging sectors. He mentioned that this kind of investment also aids enhancements to the legal structure and generates fresh energy for economic expansion.
Tam additionally remarked that to achieve continuous double-digit growth in the upcoming twenty years, Vietnam will persist in ensuring political and macroeconomic stability, while creating a clear legal framework that guarantees fair treatment for both domestic and foreign investors, and streamlining administrative processes to draw in private and high-quality foreign investment.
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Furthermore, a comprehensive national investment portal for foreign investors is under construction to simplify processes through a unified digital platform linking pertinent state agencies. The initiative aims to bolster Vietnam’s endeavors to draw additional investments into science, technology, and innovation in the upcoming years.