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According to Vietnamese media VnExpress, Ho Chi Minh City will establish a venture capital fund with a scale of 500 billion VND (approximately 20 million USD) to support the development of tech startups. The fund will be jointly funded by the government and private capital, with the government contributing 200 billion VND (about 8 million USD) and private investors contributing 300 billion VND (about 12 million USD). The fund will focus on investing in artificial intelligence, big data and blockchain, semiconductors, biotechnology, and robotics, and plans to expand its scale to at least 5 trillion VND (about 200 million USD) between 2027 and 2035.