In this context, venture capital funds play a very important role, not only providing capital but also helping startups link research with market demand, thereby improving the practicality and commercialization of innovative ideas. Thanks to the support of funds, research groups and individuals have more motivation to develop products, expand markets, and at the same time support strategy, administration, recruitment and business model improvement, helping scientific ideas to transform into real businesses.

In addition, venture capital funds also have a large international network, which can bring Vietnamese startups to regional and global markets through technology partners, capital calls or international support programs. This creates opportunities for domestic inventions and scientific research to not be neglected but, on the contrary, to develop on a large scale in a substantial way.

In addition to their funding role, funds also contribute to providing practical perspectives in policy forums, helping to perfect legal frameworks and raise standards for Vietnam's innovative startup ecosystem. Mr. Pham Tuan Hiep, Director of Innovation Projects at Bach Khoa Holdings, emphasized: "Venture capital funds are smart money. Potential startups should proactively seek this capital flow and demonstrate their ability to generate profits and grow in products, technology, and markets so that both sides can cooperate for mutual benefit."

Currently, Vietnam still does not have a separate law for venture capital activities, leading to funds having to flexibly apply many different regulations, sometimes contradictory or unclear, making it difficult to control capital flows and promote the domestic ecosystem. Tax support policies and incentives for venture capital funds and technology startups are more limited than those in regional countries, such as Singapore or South Korea, causing many funds to choose to register their operations abroad, making it difficult to control capital sources and develop the domestic ecosystem.

While the number of startups is increasing, there are still few startups with outstanding capabilities, breakthrough technology and viable business models. At the same time, many founders lack management and financial management skills or do not have an open mind, which can easily lead to one-sided conflicts with long-term investors, affecting the cooperation and sustainable development of new businesses.