1、2FOREWORDAs Viet Nam targets high-tech industries as the engine of its next growth phase,the country has responded to shifting global trade patterns not with caution but with ambition,accelerating its push toward a knowledge-based,innovation-driven economy.With GDP growth remaining among the stronge
2、st in the region,the foundations are in place to sustain and deepen that momentum through technology.This is a pivotal moment.The country is deepening its integration into global value chains,attracting a new generation of strategic investors,and building the foundations for industries that will def
3、ine the next decade.Vietnamese entrepreneurs are increasingly looking beyond domestic markets,and the ecosystem is maturing to support that ambition.The road ahead carries real headwinds.AI is compressing timelines and raising the bar for competitiveness.Global capital remains selective.Geopolitical
4、 shifts continue to reshape where investment flows.Sustaining momentum will require moving faster on talent,regulation,and institutional infrastructure.But the direction is clear.Viet Nam has the demographics,the dynamism,and increasingly the policy conviction to become a leading destination for inn
5、ovation and private capital in Southeast Asia.This report is a reflection of that journey,and an invitation to be part of what comes next.Vu Quoc HuyDirector,Viet Nam National Innovation Center 3With contribution fromResearch Partners4CONTENT1.Viet Nams capital markets at an inflection point,with re
6、forms in place,performance already proven,and a clear pipeline of catalysts ahead 2.Viet Nam Innovation&Private Capital Landscape3.From Policy to Impact:Viet Nams Innovation Ecosystem in 20254.About BCG5.About VPCA6.About the Authors7.Methodology12345675Viet Nams capital markets at an inflection poi