BlockStar Incubation Program Launches in Ho Chi Minh City, Setting the Stage for Vietnam’s Next Web3 Breakthroughs

Ho Chi Minh City, April , 2025 – The BlockStar Meetup, the official launch event for the BlockStar Incubation Program 2025, successfully took place in mid-April in Ho Chi Minh City. The event brought together a vibrant community of Web3 founders, engineers, venture capitalists, financial institutions, and government representatives — officially kicking off a 10-week journey to accelerate Web3 innovation in Vietnam.

The BlockStar Incubation Program is a collaborative initiative by IDGX, SSI Digital Ventures, and the Ho Chi Minh City Institute for Development Studies (HIDS). Designed to support the next generation of Web3 startups in Vietnam, BlockStar aims to provide founders with the resources, mentorship, and regulatory guidance needed to build scalable, real-world blockchain applications across finance and enterprise sectors.

The BlockStar Meetup was exclusively sponsored by BITGP, a leading Southeast Asia-based Web3 technology company.

“We built BlockStar to serve as a launchpad for high-potential Web3 startups in Vietnam — a place where teams can access capital, global mentors, regulatory alignment, and meaningful exposure to the international ecosystem. We believe the next generation of founders will not only build great products, but also lay the foundation for a sustainable, real-world Web3 economy.”
— Mr. Tran Viet Duc, Managing Partner at IDG Capital Vietnam and IDGX

Key Highlights of the BlockStar Incubation Program:

The program selects and supports 8 outstanding Vietnamese startup teams through a tailored incubation experience, guided by a global network of mentors and experts from across the Web3 space.

• 10 weeks of hands-on training focused on product development, go-to-market execution, fundraising, compliance, token strategy, community building, investor relations — and everything in between.
• Access to world-class mentors, including top investors, exchange operators, infrastructure providers, and legal/financial advisors.
• Over 200 ecosystem partners, from venture firms to media, technology, and institutional stakeholders.
• Up to $5 million in committed investment for top-performing teams.

Startups will refine MVPs, validate product-market fit, prepare for institutional-grade fundraising, and unlock connections with strategic investors both in Vietnam and globally.

BlockStar Meetup – A Launchpad for Collaboration

Held in the heart of Ho Chi Minh City, the BlockStar Meetup provided an open and collaborative space for diverse ecosystem participants to exchange insights, initiate partnerships, and catalyze innovation. As the first activity of the BlockStar program, the event set a strong tone for Vietnam’s Web3 future — rooted in real-world adoption, cross-sector alignment, and startup-driven growth.

About the Organizers:

IDGX is a next-generation venture fund spun out from IDG Capital Vietnam. With a mission to support the future of frontier technologies, IDGX focuses on early-stage Web3, fintech, and AI startups in Vietnam and Southeast Asia. Backed by institutional capital and a global network of partners, IDGX empowers founders through deep operational support and long-term ecosystem-building.

SSI Digital Ventures (SSID) is the innovation investment arm of SSI Securities Corporation — one of Vietnam’s largest and most established financial institutions. With a committed capital of $200 million and a co-investment portfolio exceeding $500 million, SSID bridges cutting-edge fintech innovation with traditional capital markets. The firm is at the forefront of digital asset infrastructure, blockchain strategy, and tokenization initiatives in Vietnam.