Ho Chi Minh City is at present ranked among the many prime 5 startup ecosystems in Southeast Asia and the highest 110 globally, with an estimated valuation of $7–7.5 billion.
The metropolis’s innovation community continues to broaden, now that includes 35 incubators and innovation facilities. These figures have been highlighted by Vice Chairman of the HCMC People’s Committee, Mr. Nguyen Manh Cuong, throughout a first-quarter evaluate assembly on April 14, concerning the implementation of main nationwide resolutions and tasks on science, expertise, and digital transformation.
In the sector of innovation, HCMC has efficiently deployed 54 technological merchandise for industrial pilot applications, attracting roughly VND500 billion ($19 million) in funding.
Additionally, the newly upgraded Technology Exchange has commenced operations, recording 17 expertise switch contracts with a complete worth of about VND22 billion ($8.4 million).
Regarding good metropolis growth, town is at present implementing the “Science and Technology Urban Area” challenge in its northern area. The Smart City Operation Center (IOC) continues to obtain funding to boost its capability for monitoring, evaluation, and decision-making assist. The metropolis can also be accelerating information infrastructure growth and searching for cooperation for large-scale information heart tasks.
HCMC has additionally issued a strategic expertise implementation plan, figuring out 9 core expertise teams and 26 precedence merchandise. Notably, town is implementing a managed testing mechanism (sandbox) for Unmanned Aerial Vehicles (UAVs) and has chosen six science and expertise organizations to develop international-standard Centers of Excellence (CoE). A complete science and expertise program for the 2026–2030 interval is at present being drafted with a give attention to strategic technological breakthroughs.
Speaking at the convention, HCMC Party Secretary Tran Luu Quang demanded that the allocation and disbursement of sources for science and expertise—particularly a price range of roughly VND12.7 trillion ($484 million)—should be managed strictly and fairly.
Mr. Tran Luu Quang, who can also be a Politburo member, emphasised the significance of making alternatives to coach science and expertise specialists overseas to strengthen town’s high-quality human sources.