Gate News, March 9 — The Ho Chi Minh City People’s Committee in Vietnam officially approved a project to establish a large-scale venture capital fund. The fund aims to raise 5 trillion VND (approximately $190 million) by 2035 to promote the development of the city’s tech ecosystem. Priority investment areas include artificial intelligence, blockchain digital technology, semiconductors, biotechnology, and renewable energy. Currently, several companies and investment funds, including Vingroup, Sovico Group, VinaCapital, FPT Corporation, and Lotte Ventures Vietnam, have formed a consortium to participate in the fund. (Startupresearcher)
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