A corner of Ho Chi Minh City (Source: VNA) HCM City (VNA) – Ho Chi Minh City is striving to become Vietnam’sstartup urban centre with the establishment of 500,000 enterprises through 2020.
The city has focused on activities to develop a startup ecosystem under aprogramme which supports small and medium-sized enterprises to enhancecompetitive capacity and global integration. The programme’s core goal is toencourage innovative startups via scientific research development.
Aslam Perwaiz, Head of Disaster Risk Management System, Asian DisasterPreparedness Centre, described HCM City as the “business capital” of Vietnam.He also lauded the improvement of the city’s public infrastructure service.
An article of the Singapore-basedChannel News Asia noted Vietnam’s largest and most progressive city, HCM Cityis the engine of the country’s growth, at a growth rate of 8.5 percent a year. Thecity is also viewed as the epicentre of the start-up scene in Vietnam, wheremost of the country’s 3,000 start-ups operate.
As an effort to realise the target, the Saigon Innovation Hub (SiHub) was inaugurated onAugust last year, creating a co-working space to support thedevelopment of the local startup community.
Inaddition, HCM City will build anindustrial zone for new businesses, including startups, and aid firms with businessregistration procedures.
The city has drafted specific measures to create favourable conditions forbusinesses, including simplifying administrative procedures, setting uphotlines to receive feedback from companies and help them resolve theirdifficulties in a timely manner and developing programmes to provideinformation about support policies.
In the first five months of 2017, the city had 309,138 businesses, 89.25percent of them micro small, 4.3 percent small, 5 percent medium-sized and 1.37percent large.-VNA
The city has focused on activities to develop a startup ecosystem under aprogramme which supports small and medium-sized enterprises to enhancecompetitive capacity and global integration. The programme’s core goal is toencourage innovative startups via scientific research development.
Aslam Perwaiz, Head of Disaster Risk Management System, Asian DisasterPreparedness Centre, described HCM City as the “business capital” of Vietnam.He also lauded the improvement of the city’s public infrastructure service.
An article of the Singapore-basedChannel News Asia noted Vietnam’s largest and most progressive city, HCM Cityis the engine of the country’s growth, at a growth rate of 8.5 percent a year. Thecity is also viewed as the epicentre of the start-up scene in Vietnam, wheremost of the country’s 3,000 start-ups operate.
As an effort to realise the target, the Saigon Innovation Hub (SiHub) was inaugurated onAugust last year, creating a co-working space to support thedevelopment of the local startup community.
Inaddition, HCM City will build anindustrial zone for new businesses, including startups, and aid firms with businessregistration procedures.
The city has drafted specific measures to create favourable conditions forbusinesses, including simplifying administrative procedures, setting uphotlines to receive feedback from companies and help them resolve theirdifficulties in a timely manner and developing programmes to provideinformation about support policies.
In the first five months of 2017, the city had 309,138 businesses, 89.25percent of them micro small, 4.3 percent small, 5 percent medium-sized and 1.37percent large.-VNA
VNA
