Vietnam targets three more unicorns over the next four years.

Vietnam currently has more than 4,000 startups, including two unicorns and dozens of firms approaching unicorn status. On 5 April 2026, the Government issued Resolution 86/NQ-CP on the National Strategy for Creative Entrepreneurship, setting out targets and measures to expand the startup ecosystem and embed innovation across the economy.

Strategy objectives and key targets

The strategy defines Vietnam as a country where every citizen can start a business using creativity across fields grounded in science, technology, innovation, and digital transformation. It also aims to foster a culture of innovation and entrepreneurship, encouraging risk-taking and tolerance for failure.

By 2030, the business sector target is 5 million entities, including at least 10,000 creative startup enterprises. The strategy also calls for:

• 100% of higher education and vocational training institutions to incorporate innovation and entrepreneurship into training programs.
• 100% of essential business registration procedures to be conducted in digital form.
• 60% of business entities to use digital tools, and 40% to use shared digital platforms.
• A nationwide network of at least 300 innovation spaces.
• Vietnam to be among the top 40 countries in the Global Innovation Index, and its startup-ecosystem index to be among the top 45 globally.

Looking further ahead to 2045, the strategy targets at least 100 creative startups valued at USD 100 million or more, alongside a venture capital market reaching USD 10 billion. It also sets participation and density benchmarks, including:

• At least one startup per 10 people.
• One enterprise per 35 people.
• About 5,000 people per creative startup.

Opening-line solutions: legal, talent and capital

To implement the strategy, the Government directs “opening-line solutions” focused on removing bottlenecks and supporting enterprises.

1) Improve the legal framework and digitize administration

The strategy calls for creating a superior legal framework and digitalizing administrative procedures. It also includes studying and piloting special mechanisms to encourage risk-taking, such as one-person enterprises, simplified insolvency procedures to help entrepreneurs restart, and controlled sandbox environments for new technologies.

2) Build talent and a connected ecosystem

The Government plans to nurture talent and develop a cohesive ecosystem by integrating startup education and innovation into the national education system from primary levels through university. It also emphasizes shared infrastructure, innovation centers, community startup spaces, and digital platforms to support enterprises nationwide.

3) Unlock capital and integrate internationally

The strategy aims to expand financing by developing a robust venture capital market, including funds from national to local levels, as well as corporate and university funds. It also calls for direct financial support mechanisms, including asset-based credit guarantees, and for actively engaging international experts to connect Vietnamese creative startups to global value chains.

Long-term ambition for unicorns and innovation ranking

By 2045, the strategy’s broader ambition is to have at least 100 unicorns valued at USD 100 million or more and a venture capital market of USD 10 billion. It also targets Vietnam to be among the top 30 countries in global innovation and startup activity.