I met the director of Vietnam's innovation centre.

He introduced me to something I didn't expect.

Six active investment funds. All looking for capital.

This isn't a startup incubator in the traditional sense.

It's a government-linked ecosystem with a national mandate to attract global capital into Vietnam.

Here's what surprised me most:

- 6 active funds deploying across Vietnam
- FinTech and IT are the current priority sectors
- AI, healthcare, real assets & blockchain are in scope
- Tokenisation of funds with RWA is a core focus
- The funds target startups nationally across Vietnam

The tax incentives alone stopped me in my tracks.

- 5-yr corporate income tax exemption for startups
- Capital gains tax relief on startup investments
- Personal income tax exemption for talented workers
- 150% R&D expense deduction for investors

I've spoken to a lot of emerging market ecosystems.

Most talk about opportunity.

This one had the policy infrastructure to back it up.

Are you deploying capital into Vietnam?