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In the context of global transformation, technology becomes a core factor to help the economy thrive. However, for Vietnamese technology (DN) to break out, need a more flexible financial and market system. The seminar Creating capital leverage for Vietnamese technology companies to break through in the digital era - Photo: VGP/BC is the content discussed at the seminar Creating a leverage of capital markets for Vietnamese technology companies to break through in the digital era organized by the Peoples Newspaper in collaboration with the Digital Economic Development Strategy (IDS) on March 19 in Hanoi. The seminar has gathered many experts and businesses to find practical solutions to analyze the role of capital market in developing Vietnamese technology enterprises. The trend of investment in technology enterprises in the global digital, science and technology and innovation era not only creates motivation but also the key for Vietnam to develop. Resolution No. 57-NQ/TW of the Politburo, issued on December 22, 2024, clearly affirmed: Science, technology, innovation and digital conversion are top priority breakthroughs in the countrys new growth model. However, in order to realize this goal, a strong financial system is needed, in which the capital market plays a central role - not only providing financial resources but also creating confidence for investors, helping to develop domestic private enterprises, developing international financial centers and making an important contribution to the growth of two numbers under the direction of the Party and State leadership. Mr. Le Quoc Minh, Editor -in -chief of the Peoples Newspaper, Chairman of the Vietnam Journalists Association spoke at the seminar - Photo: VGP/HTONG LE QUOC MINH, Editor -in -chief of the Peoples Newspaper, Chairman of the Vietnam Journalists Association said: Developing countries have proven that a strong capital market is the key to promoting innovative and growth technology enterprises. Technology start-ups mobilize public capital through public offering for the first time (IPO), thereby creating unicorns-companies priced more than 1 billion. In Vietnam, although the startup ecosystem has developed strongly, the number of unicorns is still limited due to the problems in the support mechanism, especially the clearing of capital flows. By the end of 2021, Vietnam has 4 recognized technology unicorns: VNG, Momo, Vnlife (VNPay) and Sky Mavis - bringing Vietnam to the third place in Southeast Asia, after Singapore and Indonesia. In order to make Vietnam a Digital Technology Development Center, with at least 5 digital enterprises reaching international stature till 2030 as Resolution No. 57-NQ/TW set out, the seminar focuses on suggesting problems from reality, thereby proposing specific solutions and can be carried out immediately. Ms. Pham Thuy Chinh, Deputy Chairman of the National Assembly Economic and Finance Committee spoke - Photo: VGP/HTBa Pham Thuy Chinh, Deputy Chairman of the National Assembly Economic - Finance Committee, affirmed: Resolution No. 57 -NQ/TW has pointed out that the institution must take a step ahead, creating a foundation for innovation. The National Assembly will continue to improve the law provisions to support technology enterprises to access capital markets. According to experts, for Vietnamese technology enterprises to break out, there should be breakthrough policies in the capital market. Solutions such as loosening IPO conditions, building a separate trading floor for technology enterprises and attracting talented people will be an important step to help Vietnam become an innovative center in the region. According to Ms. Nguyen Ngoc Anh, General Director of SSI Asset Management: Vietnam has the prospect of becoming a leading destination for foreign investment in technology. Compared to other countries in the region such as Indonesia, Singapore, and Thailand - Vietnam, there are many competitive advantages for its ability to attract investment. However, to overcome these countries, it is important to pay attention to the change in the investment taste of global funds into emerging markets. Foreign investors are interested in Vietnams technology market, but they have difficulty looking for businesses to invest due to IPO barriers and divestment strategies. In fact, the listing conditions on the Vietnamese stock floor requires businesses to have two consecutive years of profit for two years, this is invisible to a major barrier for technology startups. They expect policies to create a higher stable market, thereby helping them to plan strategies and build a solid and longer business model, said Ms. Nguyen Ngoc Anh. Many challenges in mobilizing capital need to remove Il-Dong Kwon, Boston Consulting Group Vietnam CEO highly appreciated the Governments decision to encourage creative resources as the Decision No. 1236 Prime Minister: Promulgating the National Strategy on Application and Development of Blockchain Technology (Blockchain) until 2025, orientation to 2030 ... These are the backgroundsIn terms of solid policy to help Vietnam be able to deploy and towards this important goal. In addition, Vietnam has a great advantage with young population of technology, talented engineers and fast digital transformation speed. The fields like Fintech, artificial intelligence, e-commerce or blockchain are having great potential. Next is the capital, the number of deals and the level of capitalization, investment activities. It is necessary to remove legal and institutional barriers to facilitate the development of capital markets. Mr. IL-Dong Kwon, CEO of Boston Consulting Group Vietnam highly appreciated the governments decision to encourage resources for innovation-Photo: VGP/HTong IL-Dong Kwon emphasized: Building trust is always very important, so market manipulations need to be punished to show the seriousness of the state agency in the countrys security and construction, maintenance Human resource
