HCMC – More than 30 global venture capital funds gathered at the Danang Venture and Angel Summit (DAVAS) 2026, which opened on May 26 and runs through May 27.
At the event, Danang announced an accelerated push for the Vietnam International Financial Center (VIFC) in the central city. By 2030, the city aims to attract more than 600 innovative startup projects, bring together at least 100 venture capital funds and nurture at least one technology unicorn.
The event comes as Vietnam enters a key phase in implementing its national innovation and startup strategy, which targets the development of 10,000 startups by 2030. Vietnam currently has around 4,000 startups, 200 investment funds and 84 active incubators, supported by the legal framework established under the 2025 Law on Science, Technology and Innovation.
In central Vietnam, Danang’s startup ecosystem has recorded rapid progress, rising to 554th globally, up 342 places in two years, driven by a development strategy focused on knowledge, technology, creative talent and international connectivity.
Speakers at the event emphasized the importance of institutional reforms to translate national innovation policies into practical outcomes. Among the initiatives drawing attention is a proposal to establish a national venture capital fund that would serve as strategic seed capital to mobilize additional investment from private and international venture funds rather than compete with them.
Held under the theme “Innovation Meets Global Investment,” DAVAS 2026 is taking place at the Ariyana International Convention Center in Danang City and has attracted more than 120 industry experts and speakers, over 70 partner organizations and more than 5,000 registered participants attending both in person and online.
