Illustrative image (Source: internet)
Hanoi (VNA) – The Vietnam Youth Union (VYU) Central Committee on March 14 launched its Supporting Centre for Youth’s Startup, which is hoped to foster startup activities among young people.

Speaking at the event, First Secretary of the Ho Chi Minh Communist Youth Union (HCYU) Central Committee Le Quoc Phong, who is also President of the Vietnamese Students Association, highlighted the significance of the centre’s formation, expressing his belief that the centre will promote support for youths’ startup in the future.

He expected that through the centre, youths nationwide will have opportunities to learn experience and receive assistance from entrepreneurs for their startup plans.

The centre will provide advice and support, and connect youths’ ideas for setting up shop, focusing on managing investment capital and loans of the VYU and HCYU Central Committees, and cooperating with ministries, sectors and organisations in implementing ideas related to startup and creativeness of young people.

It will also act a bridge to connect youths with enterprises and organisations, which will help them develop business ideas.

Earlier the same day, the VYU Central Committee  and UBer BV Company signed an agreement  on cooperation in organising the programme UberEXCHANGE - Smart startup, which aims to provide information and experience concerning management, law, communications, policy-making, and product development, for startup businesses of Vietnamese youths.-VNA