Tag: innovative

This situation requires close and synchronized coordination among ministries, industry associations, the business community, and especially Vietnam's network of trade offices abroad.

The ThinkZone investment fund has said that total venture capital investment in innovative businesses in Vietnam in 2021 reached $1.4 billion, of which about 90 per cent came from foreign venture capital funds. Despite playing a key role in providing capital for innovative startups in Vietnam, foreign venture capital funds still face many difficulties due to legal obstacles. It also remains difficult for startups and innovative businesses to access loans due to high interest rates and a lack of collateral.

According to UNDP Resident Representative to Vietnam, Ms. Caitlin Wiesen, Vietnam has demonstrated its ability to achieve critical net-zero emissions targets in a short period of time. However, an innovative and dedicated climate finance strategy is needed to facilitate green financial flows from all sources for investment and development.