The ThinkZone investment fund has said that total venture capital investment in innovative businesses in Vietnam in 2021 reached $1.4 billion, of which about 90 per cent came from foreign venture capital funds. Despite playing a key role in providing capital for innovative startups in Vietnam, foreign venture capital funds still face many difficulties due to legal obstacles. It also remains difficult for startups and innovative businesses to access loans due to high interest rates and a lack of collateral.
The ThinkZone II Fund, with capital of up to $60 million, has been founded by ThinkZone Ventures, which is the largest domestic startup investment fund in Vietnam, with contributions from Vietnamese corporations and entrepreneurs including the IPA Investments Corporation, Phu Thai Holdings, the Stavian Group, and others. The fund will support accelerating the growth of startups to stay ahead of development trends in technology.
