Delegates at the opening ceremony for expanding regional cooperation. — VNA/VNS
HANOI: Vietnam is quickly becoming a key player in innovation and high technology, and the government is urging global investors to act fast to take advantage of the country’s rapid growth.
At the Vietnam Innovation and Private Capital Summit (VIPC Summit 2025) on Tuesday, Deputy Prime Minister Nguyen Chi Dung stressed the government’s strong support for investors and its commitment to creating the best possible business environment.
Now in its fifth year, the summit drew over 10,000 participants and more than 100 investment funds.
Dung emphasised the increasing interest from major global investment funds and stressed innovation and technology as key to Vietnam’s green and sustainable growth.
The world is undergoing unprecedented transformations, driven by high technology, artificial intelligence (AI), big data, clean energy and green development. In this context, he reiterated the importance of sustainable development and circular economy models – priorities Vietnam shares with leading global economies.
“Investors must act quickly to seize the moment, as Vietnam’s market is evolving rapidly.
“The government is fully committed to accompanying and facilitating a favourable environment for successful investments,” he said.
Vietnam Private Capital Agency board member and Golden Gate Venture Founding Partner, Vinnie Lauria, attributed Vietnam’s growing strength to its resilient, educated population and its rapidly expanding gross domestic product.
He highlighted the importance of community, risk-taking and time in nurturing innovation, drawing parallels between Vietnam’s current stage and the early days of Silicon Valley.
Vietnam’s emergence as a regional hub for high-tech investment is becoming more evident.
Vietnam’s innovation sector attracted nearly US$2.3bil from foreign funds through 141 investment deals in 2024.
Although overall investment dropped by 17% compared to the previous year, this decline was modest next to the 35% plunge globally – highlighting Vietnam’s resilience and growing appeal. —Viet Nam News/ANN
