TechFlow News, March 8: According to Startupresearcher, Ho Chi Minh City has approved the establishment of a major new venture capital fund. The fund aims to raise VND 50 trillion (approximately USD 190 million) by 2035 to foster the city’s technology ecosystem. Priority investment areas include artificial intelligence and blockchain digital technologies, semiconductors, and renewable energy. A consortium comprising enterprises 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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