The assessment is contained in a report from the Ministry of Science and Technology, released at TechFest Vietnam 2025, the largest event of its kind held to date, whose purpose is to attract technological talent and the global entrepreneurial community to this Indochinese nation.

According to the report, in just over 10 years, the Vietnamese entrepreneurial ecosystem has grown to include more than 4,000 startups, two unicorns (companies that, in their first decade of operation, exceed a valuation of one billion dollars without being publicly traded), and many companies close to achieving that status.

The 2025 report also shows a policy shift from a generalized support approach to one of in-depth development, and outlines the establishment of a National Venture Capital Fund with an initial capital of approximately $20 million and a goal of reaching at least $100 million.

It also highlights the momentum gained by open innovation, which has already identified eight areas of potential entrepreneurship, and emphasizes that, for the first time, social listening analysis has been applied. jdt/jav/dfm/mpm

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