Vietnam venture capital funding could gain support from newly created state-backed funds, which industry executives said may help unlock more private capital for startups by giving foreign investors greater confidence in the market. Hanoi has set up a VND600bn(USD22.8m) fund, while Ho Chi Minh City launched a VND500bn vehicle, though executives said the sums remain modest relative to demand and far below the size of some regional funding rounds. ThinkZone Ventures said govern