Startups
Ho Chi Minh City's First State-Led Venture Fund: Nine Conglomerates at One Table, Manager Liability Waiver in the Rules
HCMC's first state-initiated venture fund, HCM VIF JSC, launched April 17. Charter capital is VND 500 billion (about USD 20 million), with the city at 40% and nine private conglomerates at 60%. The enabling decision includes a 50% risk threshold and a manager liability waiver.
