Construction on HCM City innovative start-up centre begins hinh anh 1At the groundbreaking ceremony (Photo: VNA)

Ho Chi Minh City (VNA)
- The Ho Chi Minh City Innovative Start-up Centre commenced its construction on October 1, which is expected to be a hub for start-ups amid the fourth Industrial Revolution.

Located at No.123 Truong Dinh, Ward 7, District 3, the centre will have nine floors and three basements covering a total area of nearly 17,000 sq.m. Its total investment is over 300 billion VND (13 million USD).

Once operational in the second quarter of 2022, the centre will have functional areas for start-up events, exhibitions, seminars, a working space for start-ups and an open space for exchanges.

Over the past years, the city has issued a number of policies to complete its start-up ecosystem.

It is now home to over 438,000 newly-established enterprises, accounting for 32 percent of the country’s total, contributing to 54 percent of the economy and 67 percent of the total social investment.

The centre is expected to realise the project on supporting national start-up ecosystem till 2025 in line with the Prime Minister’s Decision No.884 dated May 19, 2016.

Chairman of the municipal People’s Committee Nguyen Thanh Phong asked the municipal Department of Science and Technology to promptly arrange the centre’s apparatus so that it could operate immediately following construction./.