Ho Chi Minh City has approved a new venture capital fund targeting 500 trillion Vietnamese dong (approximately $1.9 billion) by 2035 to bolster its technology ecosystem. The fund will prioritize investments in artificial intelligence, blockchain, semiconductors, and renewable energy. Key participants in the consortium include Vingroup, Sovico Group, VinaCapital, FPT Corporation, and Lotte Ventures Vietnam, aiming to drive innovation and growth in these sectors.