Ho Chi Minh City has emerged as a vibrant hub for startups and innovation, offering a conducive environment for entrepreneurs to thrive. The city’s commitment to fostering a dynamic business landscape is evident through various initiatives and support systems.
Comprehensive Support for Startups
The Startup and Innovation Hub of Ho Chi Minh City (SIHUB) plays a pivotal role in connecting and supporting the startup ecosystem. SIHUB provides services such as technology transfer, research and development support, and commercialization of scientific research, aiming to create competitive advantages for the city in the regional and international startup landscape.
Additionally, the Business Startup Support Centre (BSSC) offers comprehensive assistance to early-stage startups. Their programs include training and mentoring, financial support, co-working spaces, recruitment assistance, and trade promotion activities.
Financial Initiatives and Investment Opportunities
To bolster the financial foundation of startups, the SpeedUp Program provides funding of up to 2 billion VND per startup within 24 months. This initiative focuses on early-stage startups in Ho Chi Minh City, offering not only financial support but also training, mentoring, and working spaces.
Furthermore, the city has attracted significant foreign direct investment, with nearly US$15.2 billion recorded in the first quarter of 2026. This influx of capital underscores the confidence investors have in the city’s economic potential and its burgeoning startup scene.
Government Policies and Youth Empowerment
The local government has implemented plans to support small and medium-sized enterprises (SMEs), encouraging household businesses to transition into formal enterprises. These efforts aim to accelerate socio-economic development and promote the role of entrepreneurs in the new era.
In alignment with national programs, Ho Chi Minh City is enhancing policies to support youth and student entrepreneurship. By equipping young individuals with entrepreneurial skills and fostering innovation in educational institutions, the city is building a dynamic innovation ecosystem that empowers the next generation to drive economic growth.
Inclusive Growth and Women’s Entrepreneurship
Recognizing the importance of inclusivity, the Women’s Initiative for Startups and Entrepreneurship (WISE) offers comprehensive support for women-led startups and businesses. Established in 2017, WISE provides capacity building, business incubation and acceleration, mentoring, and improved access to finance and investment, fostering a more inclusive entrepreneurial environment.
Through these concerted efforts, Ho Chi Minh City continues to solidify its position as a leading startup hub in Southeast Asia, driving innovation and economic prosperity.