On the afternoon of April 17, 2026, at the Saigon Innovation Hub (SIHUB), the Ho Chi Minh City Department of Science and Technology held the official ceremony announcing the establishment of the Ho Chi Minh City Venture Investment Fund Joint Stock Company (HCM VIF JSC).

The event marked the launch of a dedicated financial instrument designed to support innovative startups and technology enterprises from incubation through growth stages. With an expected charter capital of VND 500 billion in 2026, the fund is structured with 40% state capital and 60% private investment. This funding serves as “seed capital,” with the aim that every VND 1 of public funding can mobilize an additional VND 2–3 from the private sector.

Under the long-term roadmap, by 2035, the City aims to increase the fund’s total charter capital to at least VND 5 trillion, with a minimum of 60% mobilized from the private sector. The fund is structured around a three-party linkage model connecting the State, enterprises, and investors. Beyond financial support, it seeks to develop a comprehensive ecosystem that supports startups across both financing and market development.

The fund operates under a joint stock company model, ensuring market-oriented, transparent, and professional governance standards. Investment decisions are made based on independent evaluations by expert teams, with a focus on efficiency and commercialization potential. The fund prioritizes startups, science and technology firms, particularly those with prototypes or patented technologies. Key focus sectors include artificial intelligence (AI), big data, blockchain, semiconductors, biotechnology, advanced materials, renewable energy, automation, and robotics.

At the ceremony, Mr. Tran Huu Dung, Member of the Members’ Council and CEO of QTSC, was honored to be appointed as the representative of state capital at HCM VIF JSC. His appointment reflects the City’s trust and helps strengthen the linkage between the fund and the technology and innovation ecosystem.

Notably, during the event, QTSC officially presented a portfolio of potential investment projects from its innovation startup ecosystem to the fund for evaluation, selection, and potential investment. The portfolio was curated and screened from startups, applied research teams, digital technology enterprises, and organizations operating within the QTSC ecosystem, focusing on areas such as AI, semiconductors, big data, digital transformation, biotechnology, advanced materials, and smart city solutions.

As one of the key pillars in the development of digital technology, digital transformation, and innovation in Ho Chi Minh City, QTSC has long played a pivotal role in connecting enterprises, academia, and investors, while providing infrastructure, services, and a conducive environment for technology companies. Its participation in the City’s venture capital fund further expands its role in mobilizing capital for innovation, thereby enhancing support for startups and technology enterprises.

Looking ahead, in collaboration with HCM VIF JSC, QTSC will continue to leverage its ecosystem strengths and partner network to identify, connect, and develop high-potential projects, contributing to positioning Ho Chi Minh City as a leading innovation hub in the region.

Secretary of the Ho Chi Minh City Party Committee Tran Luu Quang (fourth from the right) presented flowers to congratulate the founding shareholders of the HCM VIF JSC

Mr. Tran Huu Dung, Member of the Members’ Council and CEO of QTSC (front row, second from left)

Vice Chairman of the Ho Chi Minh City People’s Committee Nguyen Manh Cuong (left) and Director of the Ho Chi Minh City Department of Science and Technology Lam Dinh Thang (right) presented the enterprise registration certificate to shareholders

QTSC representative (in white) presented a portfolio of potential projects from QTSC’s innovation ecosystem to the HCM VIF JSC

Central and Ho Chi Minh City leaders, together with shareholders and enterprises, pose for a commemorative photo

Source: QTSC, Organizing Committee