Venture capital is critical to spurring technological innovation and pushing Vietnamese firms into emerging sectors while supporting legal fine-tuning to create breakthrough momentum for economic growth, Deputy Minister of Finance Nguyen Duc Tam said.

The Ho Chi Minh City Department of Science and Technology held a ceremony on April 17 to launch the city’s Venture Capital Fund, which will be managed by the Ho Chi Minh City Venture Investment Fund Joint Stock Company (HCM VIF JSC).

Ho Chi Minh City has approved a plan to establish the Ho Chi Minh City Venture Capital Fund to support innovative start-ups, technology incubation, and digital transformation activities across the city.

The annual merge and acquisition forum (M&A Vietnam Forum) in 2022 will be held in Ho Chi Minh City on November 23, according to the organising board.