Ho Chi Minh City, Vietnam approves the establishment of a 5 trillion VND venture capital fund, prioritizing investment in AI and blockchain sectors
ChainCatcher reported that Ho Chi Minh City, Vietnam, has approved the establishment of a large new venture capital fund. This venture capital fund plans to raise 5 trillion Vietnamese dong (approximately 190 million US dollars) by 2035 to promote the development of Ho Chi Minh City's technology ecosystem. Priority investment areas include artificial intelligence and blockchain digital technology, semiconductors, and renewable energy. Currently, a consortium of companies and investment funds, including Vingroup, Sovico Group, VinaCapital, FPT Corporation, and Lotte Ventures Vietnam, has already formed to participate in the fund.
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