Public-private venture capital funds: Which mechanism is led by investment?
HCMC Venture Investment Fund launched with charter capital of 500 billion VND, 40% public budget. The fund aims to play the role of "seed capital", each dong of capital attracts an additional 3-5 dong from the private and international sectors, operating according to the "controlled risk" mechanism of Decree 264/2025/ND-CP.
The public-private venture capital fund model is expected to solve the problem of accessing capital in the early stages of startups, but the big question is how the leading investment mechanism will operate to be both effective and transparent.
“The fund not only provides capital, but also supports startups in management value, network.”
“Great resources come with great responsibility, and more It's all about trust.”
Legal framework for state capital to take risks
According to the Decree 264/2025/ND-CP, the fund operates on the principle of "controlled risk", accepting capital loss not exceeding 50% of charter capital - the key point allowing state capital to participate in an inherently uncertain asset class. responsibility.”
Source: Business Forum — diendandoanhnghiep.vn. The article is reposted for the purpose of sharing information for the founder and investor community in the ecosystem HCM VIF.
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