Insights

Vietnam’s innovation and private capital market is entering a new phase — deeper, more institutional, and more globally connected. Developed by the National Innovation Center, Vietnam Private Capital Agency and Boston Consulting Group, the Vietnam Innovation & Private Capital Report 2026 offers a comprehensive view of how Viet Nam’s capital markets, private investment landscape and innovation ecosystem are evolving. The report highlights a clear shift: Viet Nam is no longer just a high-growth frontier market story. It is becoming a market with stronger capital infrastructure, deeper investor participation, and a more credible path toward emerging market integration. As reforms accelerate, private capital rebounds, and innovation sectors such as AI gain momentum, Viet Nam is positioning itself not only as a destination for growth, but as a more mature and investable market for long-term institutional capital.

VPCA has implemented a comprehensive set of Bylaws to support the Association’s growing scale. This framework, approved by the Board and Leadership Team, standardizes our approach to membership rights, leadership structure, and financial oversight, ensuring long-term sustainability and operational integrity.

Vietnam has entered a transformative era — one where its ambition, resilience, and digital drive are converging to create unprecedented opportunities for private capital. The Vietnam Private Capital & Innovation Report 2025, jointly released by the Vietnam Private Capital Agency (VPCA), the National Innovation Center (NIC), and Boston Consulting Group (BCG), paints a compelling picture: Vietnam is not just ready for capital – it is ready to lead. Despite a cooling global economy and capital market tightening, Vietnam saw US$2.3 billion deployed across 141 deals in 2024. Resilient deal activity, buoyed by fundamentals, signals continued investor confidence even as global venture and private equity flows softened.

In collaboration with Glints, Monk's Hill Ventures launched the ultimate salary, insights and trends report to help startup founders in Southeast Asia reimagine team building and scaling in an AI era.

In 2023, Vietnamese tech startups received a total investment of $529M, which represents a 17% drop from the previous year. This statistic points to a sustained trend impacted by challenging worldwide economic conditions. Despite its own 17% decrease, Vietnam’s VC funding exhibited impressive resilience, standing out amidst a global environment where total VC funding dropped by 35%. In Southeast Asia, Vietnam maintained its third position in deal count and reclaimed the third spot in deal value, with Singapore leading in both aspects, closely followed by Indonesia. Healthcare and Education saw record-high investments, with impressive jumps of 391% and 107% respectively. In 2023, nearly 100 investors backed Vietnamese startups, with Singapore leading as the most active investor in Vietnam’s tech sector, followed closely by Vietnam in second place.