Staffers of Lozi, a start-up online food review community, at their office. Illustrative photo (Source: Tuoi Tre)

Da Nang (VNA)
– The Embassy of Australia in Vietnam and HATCH! VENTURES – a social enterprise and startup incubator, jointly held a conference to boost startups in the central city of Da Nang on October 7.

The event, the fifth of its kind and the first in Da Nang, drew 200 local start-uppers and students.

Addressing the event, Australian Deputy Ambassador to Vietnam Layton Pike highlighted the friendship based on mutual assistance between Vietnam and Australia, saying that the Government of Australia highly valued the efforts of HATCH! with support programmes for startups and startup investment in Vietnam.

Pham Trung, Deputy Director of the Da Nang Business Incubator said the city has taken breakthrough steps to boost startups, including establishing the nation’s first public-private partnership (PPP)-based business incubator and organising annual startup events.

Da Nang has also launched a project on developing a startup ecosystem until 2020, with a vision that the city will become the startup and innovation hub of ASEAN region by 2030.

The project aims to develop a startup culture and enhance the awareness among local young people about startups, while completing and issuing relevant policies.

Investment will be made in local business incubators and infrastructure for startups, and in developing a training system on startup.

Cooperation will also be forged to mobilise more domestic and foreign resources in developing the startup ecosystem, with a focus on the PPP models.-VNA