The newly launched venture capital fund in Ho Chi Minh City is targeting a scale of at least VND5 trillion, with a strong emphasis on mobilising private investment, positioning it as a key catalyst for the city’s innovation startup ecosystem.
The top 10 private enterprises alone contributed a combined amount of nearly $5.63 billion, a 36% increase from the figure they contributed the year before.
The companies will be in Ho Chi Minh City to participate in the Viet Nam International Sourcing 2025 (VIS 2025) event series from September 4 to 6, with the aim of finding premium Vietnamese products.
To establish a commercial bank in the IFC, a wholly domestically-owned bank must have minimum total assets of VND100 trillion ($3.8 billion); a wholly foreign-owned bank must have at least VND10 billion (over $380,000) in assets, while a foreign bank branch's parent must possess minimum total assets of VND20 billion (nearly $760,500).