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Resolution 86/NQ-CP, the National Strategy on startup and innovation issued on April 5, provides the basis for forming and operating a specialized stock exchange for startups, expanding capital-raising channels for enterprises from the early stage.
Speaking at the Ministry of Science and Technology’s April 29 regular press conference, Mr. Pham Duc Nghiem, Deputy Director of the Department of Startup and Technology-based Enterprise, outlined key breakthrough directions under Resolution 86/NQ-CP.
The Resolution calls for reforming thinking and building an entrepreneurial culture with core values including daring to think, daring to do, accepting risks, and nurturing entrepreneurial aspiration across society. It also emphasizes developing ecosystem infrastructure—technology platforms, digital infrastructure, and shared infrastructure—to support broad-based startup activity.
In institutional terms, the strategy aims to build a synchronized policy system that is interconnected, creating a favorable environment for widespread participation in entrepreneurship.
A notable direction in the Resolution is promoting a “one-person enterprise” model supported by digital technology and AI assistant tools. Mr. Nghiem said that previously, starting a business typically required a lean organization of about five people, including leaders, accountants, and other functional roles. With technology support, a single individual can build and operate a business, creating a new layer of enterprises in the digital era.
The Resolution also highlights developing and incubating startup ideas from universities, aiming to form an innovation-centered university model. Legal, financial, and infrastructural support—such as shared laboratories—will help incubate, test, and accelerate the commercialization of ideas.
On the capital market, the strategy calls for developing venture capital funds from national to local levels, while strengthening linkages with international funds and private sector players to build a more robust financial ecosystem for startups.
It also promotes new financial products including securitization, guarantees, intangible asset mortgages, and intellectual property assets. Analyses cited in the coverage note that the amended Intellectual Property Law has removed bottlenecks, enabling protected research results to be valued, contributed, or mortgaged—turning knowledge into tangible financial resources.
Mr. Nghiem said the Resolution provides for the step-by-step development of a specialized stock exchange for startup enterprises, expanding early-stage fundraising channels. He added that ideas can reach angel investors and diverse sources of capital early, particularly through stock market channels.
Mr. Nghiem also emphasized that moving from initial ideas to a commercially viable product is a long process with risks, requiring support from experts, accelerators, and training and research institutions. The strategy foresees building a network of field-specific accelerators to create a technology-rich environment and enable startup projects to access infrastructure, resources, and expert teams to refine products, services, and business models.
Startup incubation will be supported not only by the private sector but also by universities and research institutes, creating a continuous flow from research to market.
According to the Resolution, by 2030 Vietnam aims to develop about 5 million business entities and 10,000 startups, strive to place the national innovation ecosystem among the top 40 globally, and mobilize about USD 1.5 billion in venture capital to support startups.
Looking to 2045, the number of startups reaching large scale is expected to average about 35 citizens per enterprise. Mr. Nghiem noted that if the ratio is around 30–35 people per business, the economy can maintain dynamism and sustain employment. He said that when the ratio rises above 60 people per enterprise, unemployment risks increase. He added that Vietnam currently remains at more than 100 people per enterprise, indicating a significant gap to close.
“This is a big problem. Building a sizable, flexible entrepreneurial workforce tied to innovation and creativity will be a strategic lever to increase the economy’s dynamism,” Mr. Nghiem said.
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