The Vietnamese government has issued Resolution No. 86/NQ-CP, a national strategy for innovative startups that establishes concrete goals for ecosystem growth, venture capital, and global rankings by 2030.

Vietnam's first comprehensive national strategy for innovative startups aims to accelerate its technology sector. This government-led effort codifies ambitious targets, including the creation of at least three new unicorn startups and the expansion of the venture capital market. The formal framework seeks to attract investment, foster high-growth companies, and position Vietnam as a leading innovation hub in Southeast Asia.

What We Know So Far

  • The Vietnamese government issued Resolution No. 86/NQ-CP, a national strategy for innovative startups, which was dated April 5 and announced by the Ministry of Science and Technology on April 7, according to reports from vietnamnews.vn.
  • The strategy sets a target for Vietnam to have at least five unicorn startups—companies valued at $1 billion or more—by 2030, an increase from the two currently reported.
  • Under the resolution, the venture capital market is projected to reach $1.5 billion by 2030, as reported by en.vneconomy.vn.
  • By 2030, the country aims to have five million business entities in total, with a specific goal of fostering at least 10,000 innovative startups within that figure.
  • The strategy includes goals for international recognition, aiming for Vietnam to rank among the top 40 countries in the Global Innovation Index and within the top 45 on the global startup ecosystem index.
  • Longer-term ambitions for 2045 include becoming one of the top 30 countries globally for innovation and entrepreneurship, with a venture capital market worth $10 billion.

Vietnam's National Innovation Strategy Explained

Resolution No. 86/NQ-CP marks a foundational policy shift, establishing Vietnam's first comprehensive, long-term national framework specifically for its innovative startup sector. This strategy moves beyond general economic development goals to address the unique needs of high-potential technology companies, from early-stage funding to regulatory hurdles.