In recent years, Vietnam’s startup ecosystem has made notable contributions to socio-economic development. Several “unicorns” have emerged, venture capital investment has reached high levels compared to the region, and support infrastructure has expanded with diverse venture funds, incubators, accelerators, and both local and national innovation hubs.

By 2025, Vietnam ranked 55th globally in the Startup Ecosystem Index, with Ho Chi Minh City entering the top five in Southeast Asia (110th worldwide), Hanoi rising to 148th, and Da Nang climbing 130 places to 766th globally.

International experience shows that countries such as Israel, South Korea, and Singapore have achieved breakthroughs by fostering innovative entrepreneurship. A common thread among these models is the cultivation of a deep-rooted culture of innovation, widespread entrepreneurial spirit, and reliance on science and technology as the foundation for growth.

Amid global shifts in investment flows and geopolitical changes, Vietnam faces the urgent need to redefine its innovation strategy. This involves identifying priority sectors, refining ecosystem structures, and establishing strong policies to drive new growth momentum.

On April 5, 2026, the Government officially enacted Resolution No. 86/NQ-CP, a milestone underscoring its determination to create the most favorable environment for unlocking the nation’s creative potential in service of socio-economic development.

Making Innovative Entrepreneurship a National Endeavor

The strategy envisions Vietnam as a nation where every citizen aspires to and can pursue entrepreneurship with creativity across all fields, grounded in science, technology, innovation, and digital transformation. A culture of innovation, risk-taking, and tolerance for failure is to be strongly encouraged and widely spread throughout society.

Vietnam has defined innovative entrepreneurship as a long-term national strategy to optimize and mobilize all resources, enhance strategic autonomy—particularly in key technologies—and create momentum for sustainable socio-economic growth in the digital era.

The national startup ecosystem will be developed comprehensively and sustainably, with institutions playing a pioneering role in shaping breakthroughs. Infrastructure, talent, and essential conditions will be strengthened to support startups, aiming toward a digital nation built on science, technology, and innovation.

The overarching goal is to spark a broad wave of innovative entrepreneurship, making it a key driver of socio-economic growth and national resilience.

By 2030, Vietnam aims to become a leading hub for innovative startups in the region, nurturing tens of thousands of new enterprises, including several unicorns. Innovation and startup ecosystem indicators are expected to rise to the top tier in Southeast Asia.

Looking ahead to 2045, the vision is for Vietnam to rank among the world’s top 30 nations in innovation and startups. The country aspires to a society where a high proportion of citizens are business owners, supported by a booming venture capital market of global scale.

Key Measures for Implementation

To realize this vision, the Government has directed a comprehensive set of measures focused on removing bottlenecks and empowering enterprises:

• Legal framework: Establish superior regulatory pathways, streamline administrative procedures on digital platforms, and pilot special mechanisms to encourage experimentation. Examples include “one-person enterprises,” simplified bankruptcy processes to enable re-startups, and controlled sandboxes for emerging technologies.
• Human capital and ecosystem building: Integrate entrepreneurship and innovation education across all levels, from primary schools to universities. Develop shared infrastructure networks, innovation centers, community startup spaces, and nationwide digital platforms for business support.
• Capital and international integration: Expand venture capital markets, establish funds at national and local levels, and encourage corporate and university-backed funds. Strengthen financial support mechanisms, including credit guarantees based on intellectual property. Actively attract international experts and integrate Vietnamese startups into global value chains.