The SIHUB building on its inauguration day (sggp.org.vn)

Spaces from the first to the third floor of the building are reserved as shared working spaces for state-managed programs, talent incubation, and policy dissemination. Other upper floors are for incubators, venture capital funds, as well as domestic and international technology corporations, that directly invest in and support startups. The center operates under a public-private partnership model.

Ngo Dac Thuan, member of the Vietnam Innovation Network, said: “Here we can evaluate the intellectual property they have created. This ecosystem connects multiple stakeholders, so we can help them find many investors to co-own patents and businesses and join forces in product registration, protection, and commercialization nationally and globally.”

Ho Chi Minh City is the cradle of unicorn startups, hosting 50% of Vietnam’s startups and 44% of total startup investment. The city’s startup ecosystem is valued at 7.4 billion USD, with 260 million USD in venture investment.

Ho Chi Minh City ranks in the world’s top 30 and second in Southeast Asia’s blockchain startup. Fintech is the leading industry in Ho Chi Minh City, where it ranks 56th globally. Its startup ecosystem ranks 110th in the global top 200 cities in the StartupBlink Ecosystem Index and for the first time ranked among Southeast Asia’s top five.

Lam Dinh Thang, Director of Ho Chi Minh City’s Department of Science and Technology, said: “SIHUB will connect Ho Chi Minh City’s startup and innovation ecosystem, including linking startups with one another, with investment funds, and with major technology enterprises; connecting state management agencies and businesses; as well as bridging domestic and international companies. The Ho Chi Minh City International Financial Center is located here, which will help connect startups, especially those in fintech and international investment funds.”

The establishment of SIHUB reflects Ho Chi Minh City’s determination to connect knowledge, attract talent, and expand international cooperation, affirming its position among the world’s top 100 startup ecosystems and the top 5 in Southeast Asia.