Vietnam aims to have at least five startups, each valued at $1 billion or more, by 2030, with venture capital market projected to reach $1.5 billion, under Government Resolution No. 86/NQ-CP on the national strategy for innovative startups, which was issued on April 5.
This is the first national strategy for innovative startups in Vietnam.
The strategy seeks to foster a widespread wave of entrepreneurship across society, driven by science, technology and digital transformation.
It positions innovative startups as a key engine of socio-economic growth, contributing to improved living standards, accelerated industrialization and modernization, and stronger national self-reliance.
By 2030, Vietnam targets a total of five million business entities, including at least 10,000 innovative startups. It also plans to establish around 300 innovation hubs, centers and clusters nationwide.
The country aims to rank among the top 40 economies in the Global Innovation Index (GII) and within the top 45 in the global startup ecosystem index.
Looking further ahead, by 2045, one in every 10 Vietnamese is expected to be engaged in entrepreneurial activity, with one enterprise for every 35 people and one innovative startup per 5,000 people.
Vietnam also targets a top-30 global ranking in innovation and startup ecosystems, at least 100 startups valued at $100 million or more, and a venture capital market worth $10 billion.
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