Vietnam wants 10 unicorns by 2030

Unicorn dreams: As the startup sector in Vietnam thrives, the government is aiming to grow more unicorn companies. — AFP

VIETNAM wants to have at least five billion-dollar tech firms, or unicorns, by 2025 and 10 by 2030 as planned in its draft on national strategy on the Fourth Industrial Revolution.

The Ministry of Planning and Investment (MPI) announced the draft last week. Accordingly, the total social investment into research and development (R&D) was expected to account for 1.5% of GDP by 2025. Vietnam would be in the top 30 countries in the world in terms of number of patents in the prioritised technology sectors.