Ho Chi Minh City is establishing a VND 500 billion (approximately $20 million) venture capital fund to support the growth of tech startups. The fund will be jointly financed by the government and private investors, with the government contributing VND 200 billion (around $8 million) and private investors providing VND 300 billion (about $12 million). The fund will focus on investments in artificial intelligence, big data and blockchain, semiconductors, biotechnology, and robotics. Plans are in place to expand the fund's size to at least VND 5 trillion (approximately $200 million) between 2027 and 2035.