Under the plan, the Ho Chi Minh City Venture Capital Fund will operate under a joint-stock company model, officially named Ho Chi Minh City Venture Capital Fund Joint Stock Company. This structure allows a clear separation between ownership rights (held by the state and private investors) and management authority (exercised by a team of professional investment experts).
The fund will operate on market-based and transparent principles, without state capital guarantees nor administrative interference in specific investment decisions. Its governance structure will include a General Meeting of Shareholders, a Board of Directors, a Supervisory Board, an Executive Board, and an independent Investment Council.
The fund will be able to hire professional consulting and investment management entities (fund management companies or investment advisory firms) to manage and implement investment activities to ensure maximum efficiency.
In terms of long-term objectives, the fund is expected to invest in between 50 and 150 innovative start-ups and science and high-tech enterprises during the 2026–2035 period. It will also support the commercialisation of at least 50 products or technologies and incubate a minimum of five large-scale technology enterprises.
Regarding capital mobilisation, the fund will introduce a “seed capital” mechanism designed to attract at least two to three units of private capital for every unit of state capital, with social resources expected to account for more than 60 per cent of the fund’s total financing.
In terms of socio-economic impact, the fund is expected to help increase the contribution of the innovation-driven and high-tech economy to 20–25 per cent of Ho Chi Minh City’s GRDP by 2030.
