This paper highlights the role of venture capital funds for technology innovation activities as well as the necessary conditions for establishing these funds in Vietnam, such as a perfect market economy, willing venture investors, availability of stock market institutions, etc. On this basis, the paper identifies the insufficient elements for the establishment of venture capital funds in Vietnam. | Identifying the conditions for the establishment of venture capital funds for technology innovation activities in Vietnam VNU Journal of Science: Policy and Management Studies, Vol. 35, No. 4 (2019) 12-23 Review Article Identifying the Conditions for the Establishment of Venture Capital Funds for Technology Innovation Activities in Vietnam Pham Minh Thuy* Institute of Policy and Management, VNU University of Social Sciences and Humanities, 336 Nguyen Trai, Thanh Xuan, Hanoi, Vietnam Received 26 November 2019 Revised 10 December 2019; Accepted 20 December 2019 Abstract: The lack of capital for technology innovation has always been a dilemma for businesses because of the need of large capital for risky technology innovation activities. Venture investment is one of the solutions to capital challenges. Despite being studied since the 90s of the last century, the establishing of venture capital funds and venture investment remains a topical issue in Vietnam. This paper highlights the role of venture capital funds for technology innovation activities as well as the necessary conditions for establishing these funds in Vietnam, such as a perfect market economy, willing venture investors, availability of stock market institutions, etc. On this basis, the paper identifies the insufficient elements for the establishment of venture capital funds in Vietnam. Keywords: Venture capital, venture capital funds, technology innovation. * _ *Corresponding author. E-mail address: phamminhthuy@ 12 VNU Journal of Science: Policy and Management Studies, Vol. 35, No. 4 (2019) 12-23 Nhận diện các điều kiện để hình thành quỹ đầu tư mạo hiểm cho hoạt động đổi mới công nghệ ở Việt Nam Phạm Minh Thúy* Viện Chính sách và Quản lý, Trường Đại học Khoa học Xã hội và Nhân văn, ĐHQGHN, 336 Nguyễn Trãi, Thanh Xuân, Hà Nội, Việt Nam Nhận ngày 26 tháng 11 .
