A customer makes payment via e-wallet app Momo. — VNA/VNS Photo

HÀ NỘI — Việt Nam is aiming to produce at least three more billion-dollar startups by 2030 as it steps up efforts to build an innovation-driven economy under a new national strategy.

The goal is highlighted in the Government’s Resolution 86/NQ-CP on a national strategy for innovative startups, dated April 5.

According to a 2025 report on the innovative startup ecosystem by the Ministry of Science and Technology, Việt Nam has more than 4,000 startups, including two unicorns and dozens of firms nearing a valuation of US$1 billion.

Drawing lessons from countries such as Israel, South Korea and Singapore, the strategy underscores the role of innovation and entrepreneurship as key drivers of rapid and sustainable economic growth.

By 2030, Việt Nam aims to have five million business entities, including at least 10,000 innovative startups.

The country targets at least three additional unicorn startups, bringing the total to at least five by 2030, while scaling its venture capital market to $1.5 billion.

The strategy also aims to position Việt Nam among the top 40 in the Global Innovation Index and the top 45 globally in startup ecosystem rankings.

By 2045, Việt Nam aims to have at least 100 startups valued at $100 million or more, alongside a venture capital market worth $10 billion.

The country is expected to join the top 30 globally in innovation and startup development, with entrepreneurship becoming more widespread across society at a rate of one in every 10 citizens engaged in startup activity, one business for every 35 people and one innovative startup enterprise for every 5,000 people.

To achieve these goals, the Government plans a series of reforms aimed at removing bottlenecks and supporting businesses.

Key measures include developing a more flexible legal framework, piloting special mechanisms such as simplified bankruptcy procedures and regulatory sandboxes for new technologies and exploring models such as single-person enterprises.

Authorities also plan to strengthen human capital development by embedding entrepreneurship education across all levels, while expanding shared infrastructure such as innovation centres and digital platforms.

All universities and vocational institutions are expected to incorporate entrepreneurship and innovation into their curricula.

Efforts will also focus on improving access to finance, including expanding venture capital funds at national and local levels, offering credit guarantees based on intellectual property and enhancing international integration. — BIZHUB/VNS