The venture capital (VC) market has reached a pivotal moment with the issuance of Decree 264/2025/NĐ-CP on National and Local Venture Capital Funds, designed to catalyze private investment, particularly for startups. From the perspective of Da Nang, a dynamic hub for entrepreneurship and innovation, the city is strategically leveraging this new legal framework and its central location in Vietnam to attract and absorb this influx of capital.