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October 24, 2016
Vietnam plans to implement a new law that will govern the establishment of domestic venture capital funds, and help funnel investments into startups in the country, that has become an emerging markets standout with steady growth. According to the Communist party’s draft socioeconomic plan, Vietnam will target 7% growth annually until 2020.
The draft law on support for small and medium enterprises (SME), which is expected to be passed during the country’s third parliamentary session this year, has a dedicated section for startup companies, which it calls “innovative businesses”.