Ho Chi Minh City increases budget support for innovative startup projects
Strengthening its startup ecosystem, Ho Chi Minh City has raised support levels for project incubation costs by 25 percent under a new resolution.
Ho Chi Minh City is increasing budget resources, incubation support levels, and funding mechanisms to bolster its entrepreneurship ecosystem and innovative projects.
Support for the Entrepreneurship Ecosystem
From idea development and project incubation to investment and business development, the mechanisms and policies aimed at developing Ho Chi Minh City's entrepreneurship ecosystem are continuously refined to create strong breakthroughs in practice.
Newly Enacted Resolution
As part of the implementation of the Law on Urban Development, the Ho Chi Minh City People's Council has issued Resolution No. 64/2026/NQ-HĐND, providing non-refundable financial support for the incubation costs of innovative startup projects.
This Resolution took effect on October 1, 2026, replacing the previous Resolution No. 20/2023/NQ-HĐND.
Support Levels by Stage
The new decree regulates criteria and output requirements while increasing the support level for innovative startup projects by 25 percent at each stage.
Support is set at 50 million VND for projects in the ideation stage, 100 million VND for validation-stage projects, and 500 million VND for acceleration-stage projects.
Allocation of Resources
The funds cover costs for direct labor, project selection, consulting, training, mentoring, support services, as well as infrastructure costs for research and market testing.
Prioritized Sectors
The policy prioritizes projects in digital technology, e-commerce, financial technology, smart cities, green technology, and other fields aligned with the city's development orientation.
Previous Period Data
During the 2024-2025 period, under the implementation of Resolution No. 20/2023/NQ-HĐND, the city supported 179 innovative projects with a total budget exceeding 18.3 billion VND.
Global Ecosystem Ranking
According to StartupBlink's 2026 Global Startup Ecosystem Index, Ho Chi Minh City climbed 12 places to rank 98th, entering the world's top 100 ecosystems for the first time.