HCMC – Private equity investments in Vietnam reached a record US$4 billion while venture capital funding rose to US$508 million, according to the Vietnam Innovation and Private Capital Investment Report 2026.
Total private capital inflows amounted to US$4.5 billion through 149 deals, said the report, which was released at the Vietnam Innovation and Private Capital Summit 2026 on May 28.
Venture capital investments increased 28% from a year earlier, even as some neighboring markets reported falls. The market also recorded two large deals worth US$200 million each last year.
Investment in artificial intelligence surged 13-fold in 2023-2025, reflecting stronger investor interest in AI talent and applications. Healthcare technology, retail and climate technology also posted growth.
The number of private equity investors more than doubled to 48, the highest level since 2016, with U.S. and European investors returning to the market. European investors also expanded their presence in venture capital alongside Singapore-based funds.
Le Hoang Uyen Vy, chairwoman of the Vietnam Private Capital Agency and chief executive officer of Do Ventures, said investment activity was shifting toward fewer but larger deals as investor confidence improved.
Deputy Prime Minister Nguyen Van Thang said at the forum that investment activity in Vietnam’s technology and innovation ecosystem recovered strongly in 2025.
He noted that artificial intelligence, fintech, data, digital infrastructure and green technology continued attracting international investment funds, reflecting Vietnam’s growing role in technology and innovation value chains.
Benjamin Sheridan, managing director at Boston Consulting Group, said venture capital and private equity investment in Vietnam continued to expand with support from market demand. He added that Vietnam remained one of the region’s fastest-recovering venture capital markets, with investment levels still more than double those of Indonesia.
Vietnam is expected to require around US$270 billion in capital annually through 2030, partly supported by foreign direct investment, Sheridan said. He added that public and private capital markets would need to work together to meet financing demand.
A Ministry of Finance report showed Vietnam’s innovation ecosystem has more than 4,000 technology startups and nearly 200 active investment funds.
The summit was organized by the National Innovation Center under the Ministry of Finance, in cooperation with the Vietnam Private Capital Agency and Do Ventures.
