Open AccessIdentification of the Conditions to Establish the Venture Capital Fund for Technology Innovation Activities in Vietnam
Author(s) -
Pham Minh Thuy
Publication year - 2019
Publication title -
tạp chí khoa học đại học quốc gia hà nội:nghiên cứu chính sách và quản lý (vnu journal of science: policy and management studies)
Language(s) - English
Resource type - Journals
eISSN - 2615-9295
pISSN - 2588-1116
DOI - 10.25073/2588-1116/vnupam.4202
Subject(s) - venture capital , social venture capital , business , finance , dilemma , investment (military) , capital (architecture) , philosophy , archaeology , epistemology , politics , political science , law , history
The lack of capital for technology innovation has always been a dilemma for businesses because of the need for large capital for risky technology innovation activities. Venture investment is one of the solutions for the challenge of capital issue. It is considered as a “gamble” to gain or loss with full of risk. In Vietnam, despite being studied since the 90s of the last century, the issue of establishing venture capital fund and venture investment is still a topical topic. This paper highlighted the roles of venture capital fund for technology innovation activities as well as the necessary and sufficient conditions to establish these venture capital funds in Vietnam such as a perfect market economy, willing venture investors, and available institution of the stock market, etc. From that, the paper identified the insufficient elements for the establishment of venture capital fund in Vietnam.