Ho Chi Minh City (VNA) – The Vietnam Innovation and Private Capital Summit (VIPC Summit) 2026 opened in Ho Chi Minh City on May 28, bringing together policymakers, investors and technology enterprises to discuss private capital mobilisation for Vietnam’s strategic technology sectors.

The event, jointly organised by the National Innovation Centre (NIC), the Vietnam Private Capital Agency (VPCA) and Do Ventures, attracted more than 1,000 participants, including central and local officials, international financial institutions, investment funds, technology corporations, startups and innovative enterprises from Vietnam and other countries.

Speaking at the forum, Deputy Prime Minister Nguyen Van Thang said the world is entering a new stage of development in which science – technology, innovation and digital transformation are key drivers for economic growth and national competitiveness. Foundational technologies such as artificial intelligence (AI), semiconductors, big data, cloud computing, biotechnology, green technology and new energy are reshaping production, governance and social life worldwide.

In that context, he noted, Vietnam identifies science – technology, innovation, digital transformation and private sector development as strategic drivers for fast and sustainable growth.

According to the Deputy PM, Vietnam is well positioned to become an innovation hub and strategic destination for global technology capital flows in the Asia-Pacific region thanks to its stable socio-political environment, market of more than 100 million people, young workforce, a high level of digital technology adoption and an extensive network of free trade agreements.

The country is also accelerating institutional reforms to support science – technology and innovation development, comprehensively promoting digital, data, energy and financial infrastructure for innovation, and fostering capital markets, fintech, venture capital, sandbox mechanisms and new business models.

Thang went on to say that Vietnam’s innovation ecosystem is developing dynamically with the growing presence of international technology corporations and investment funds.

The country now ranks 44th globally in the Global Innovation Index and among the world’s top 50 startup ecosystems. In 2025, total private investment in Vietnam’s technology sector reached about 4.5 billion USD through 149 deals, with AI, fintech, data, digital infrastructure and green technology attracting strong international investor interest.

He underlined the country's priority for such strategic technology sectors as AI, big data, cloud computing, biotechnology, green technology and semiconductors, as well as high-quality human resources development and international talent attraction.

The Deputy PM called on international investors to continue supporting Vietnam with long-term vision and increase investment in strategic technologies, digital infrastructure and globally potential technology enterprises. He reaffirmed the Government’s commitment to supporting businesses and investors by improving the investment environment and protecting their rights and legitimate interests.

Speaking at the event, Deputy Minister of Finance Le Tan Can said that Vietnam aims to be among the top three ASEAN countries and the top 50 globally in innovation and digital transformation by 2030, with the digital economy contributing approximately 30% of GDP. Its innovation ecosystem currently has over 4,000 technology startups and nearly 200 active investment funds.

The Ministry of Finance is promoting the development of capital markets towards transparency, modernity, and alignment with international standards, he said, adding that it is also devising mechanisms to support venture capital funds, science and technology funds, and public-private partnership models in innovation./.