Da Nang: Researching co-investment mechanisms with private venture capital funds

DNVN - The Standing Committee of the Da Nang City Party Committee has proposed that the City Development Investment Fund prioritize loans and investments for innovative projects and creative startups. It will study the mechanism of co-investment with private venture capital funds.

The Standing Committee of the Da Nang City Party Committee issued Action Plan 21-KH/TU to implement Resolution 57-NQ/TW of the Politburo on breakthroughs in science and technology (S&T) development, innovation (I&C) and national digital transformation in the new city. This plan replaces two plans of Da Nang City and Quang Nam Province (old) issued in early 2025; updated according to Plan 01-KH/BCĐTW of the Central Steering Committee 57.

Danang Software Park No. 2 - where the Preparatory Committee for the establishment of the Vietnam International Financial Center in Danang City is headquartered.

According to the Department of Science and Technology of Da Nang, the special point in the new plan is that the city proposes and implements 3 major initiatives, including: Digital Twin; Smart Financial Center; Smart Free Trade Zone (FTZ).

One of the major tasks of the 2025-2030 period is to research and deploy the digital technology and innovation industrial zone (DIIZ) in the Da Nang FTZ. Focus on research and development, technology transfer and controlled testing for the city's priority development industries in the FTZ; technology solutions, financial technology in the Da Nang City Financial Center.

During this period, Da Nang also plans to have at least 5 controlled experimental products deployed in the area. The general spirit is to apply creativity, allowing pilots for new practical problems to encourage innovation and attract experts, scientists, and talented people to Da Nang City.

Accept risks, venture capital and delays in scientific research, technology development, and innovation. Effectively deploy a controlled testing mechanism for new technology solutions (sandbox), considering prioritizing a number of areas such as Blockchain, financial technology, artificial intelligence, robotics and automation, digital assets, autonomous vehicles, autonomous drones, autonomous electric sports, etc. in accordance with the needs, development orientation and controllability of the city.

Notably, the Standing Committee of the Da Nang City Party Committee advocates studying mechanisms, policies, measures and increasing the capital scale so that the City Development Investment Fund can prioritize loans and investments for innovative projects and creative startups. Researching co-investment mechanisms with private venture capital funds.

At the same time, research on the establishment of a Venture Capital Fund using the state budget; the City's Science and Technology Development and Innovation Fund according to the provisions of the Law on Science and Technology and Innovation to invest capital in high-tech enterprises, science and technology, and creative startups in key areas of science and technology to support and promote innovation and commercialization of science and technology products.

Da Nang also aims to deploy at least 2 more concentrated IT zones by 2023; have 1 more international data transfer station (digital hub); have more international data centers; pilot and move towards implementing digital asset trading using NFT; the digital economy of each industry and field accounts for at least 20%; attract a number of enterprises with revenue of at least 1 billion USD to set up research and production headquarters in Da Nang City.

The city has at least 1 digital technology enterprise with 15,000 employees or 2 billion USD in revenue per year; urban management, transactions with people and businesses in the electronic environment; 100% of state agencies carry out direction, operation, and internal administration in the electronic environment...

According to the Department of Science and Technology of Da Nang, the general goal of Plan 21-KH/TU is to improve the endogenous capacity and competitiveness of the city's economy through promoting research and application of science and technology, improving productivity, quality and added value in key industries and fields; and increasing the contribution ratio of the TFP index in the city's GRDP growth.

TFP index is the “Total Factor Productivity” index. This is an indicator reflecting the growth quality of an economy, with the contribution of factors such as knowledge, experience, labor skills, quality of investment capital, management skills, science and technology, etc.

Hai Chau

Source: https://doanhnghiepvn.vn/cong-nghe/da-nang-nghien-cuu-co-che-dong-dau-tu-voi-cac-quy-dau-tu-mao-hiem-tu-nhan/20250916074154754