Ho Chi Minh develops an investment ecosystem with a focus on artificial intelligence and blockchain

UnluckyLemur · 2026-03-23T18:41:40+00:00

Ho Chi Minh City in Vietnam is launching a venture fund with investments of 500 trillion dong, focusing on AI, blockchain, and renewable energy sources. The initiative will strengthen the city's position as a technology hub by 2035 and attract international investments.

UnluckyLemur

2026-03-23 18:41:40

Abstract generation in progress

Vietnam is launching one of the largest regional initiatives to develop the high-tech sector. Ho Chi Minh City, as the country’s innovation hub, has received official approval to establish a venture fund focused on future technologies. This decision reflects a growing understanding of the role digital transformation plays in regional competitiveness.

Investment Scale and Timeline

The investment fund established in Ho Chi Minh City is attracting capital of 500 trillion Vietnamese dong, approximately $19 billion USD. The ambitious goal of the fund is to strengthen the city’s position as a Southeast Asian technology hub by 2035. This long-term horizon allows for the implementation of comprehensive projects that require significant investments and development time.

Key Investment Areas

The fund’s strategy covers several critical future sectors. Artificial intelligence and blockchain technologies are prioritized as they form the foundation of the digital economy. Simultaneously, resources are invested in developing the semiconductor industry to ensure technological independence. Renewable energy sources are supported as an integral part of the region’s sustainable development.

Consortium of Leading Corporations and Venture Funds

The realization of this ambitious project is led by a consortium of reputable Vietnamese and international players. It includes Vingroup — the largest private sector conglomerate, Sovico Group with experience in investment, VinaCapital as a recognized leader in venture financing, tech giant FPT Corporation, and international investor Lotte Ventures Vietnam. This alliance provides the necessary expertise, capital resources, and network capabilities for the initiative’s success.

Significance for the Tech Ecosystem

Creating this fund positions Ho Chi Minh City as an innovation center in the Asia-Pacific region. The initiative attracts international attention to Vietnam’s tech sector and creates favorable conditions for startups and research centers. Long-term support for AI and blockchain projects will strengthen the region’s competitive position in the global digital economy.

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