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SSIAM participates in seminar on mechanisms to support innovation and high technology

On June 19, 2025 – Representative of SSI Asset Management Company (SSIAM), Mr. Truong Ho Hai Minh – Portfolio Manager, participated in Session 2 of the seminar titled “Mechanisms, policies, and incentives to attract high-tech human resources to work in high-tech parks and promote innovation activities in high-tech zones,” held at the Hanoi People’s Committee.

During his presentation, Mr. Minh emphasized the importance of innovation as a strategic pillar in Vietnam’s new economic development model. He pointed out that Vietnam can no longer rely on traditional growth drivers such as cheap labor or resource exploitation – factors that have reached their limits. To achieve a sustainable GDP growth target of 8% per year, the country must transition to a technology- and innovation-driven economy.

Vietnam is actively laying the foundation for innovation through initiatives such as: establishing International Financial Centers (IFC) in Ho Chi Minh City and Da Nang; issuing a national blockchain strategy; upgrading the stock market and stabilizing the real estate market. Most importantly, Vietnam is building an ecosystem of private investors, both domestic and international, to attract high-quality capital into the science and technology (S&T) sector.

Resolution 57 also, for the first time, addresses capital mobilization to promote S&T development, encouraging the equitization and listing of S&T enterprises, the formation of venture capital and private equity funds, and the socialization of financial resources in a transparent, flexible, and risk-sharing manner.

Moreover, Vietnam is currently an attractive destination for AI investment, ranking second in Southeast Asia in terms of AI capital inflows, with 780 million USD recorded by the end of 2024 (after Singapore). Forecasts suggest that by 2040, AI could contribute 120–130 billion USD to the national GDP. In 2024 alone, the AI sector attracted over 80 million USD in investment in Vietnam.

Mr. Minh also emphasized that private equity and venture capital (PE/VC) funds play a crucial role in driving high-tech projects – not only in terms of long-term capital but also in strategic support, talent connection, and market expansion. These are advantages that short-term bank capital cannot provide, due to collateral requirements and high risk aversion.

According to statistics, PE/VC capital flows in Vietnam are strongly recovering post-pandemic. After peaking in 2019 and slowing down during 2020–2023, by the second half of 2024, VC fund investments tripled compared to the first half of the year. This resurgence is driven by investors recognizing Vietnam’s long-term potential; the domestic startup ecosystem is maturing and requires larger-scale investments to scale up; and international investors are seeking alternatives to China and India for the 2025–2030 period.

Through this seminar, SSIAM once again affirms our role as a pioneering domestic financial institution, accompanying the innovation ecosystem, promoting the development of tech enterprises, and contributing to the national digital transformation process.