Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures. (Photo: VNA) HCM City (VNA) – Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures, said Secretary of the municipal Party Committee Nguyen Thien Nhan.
He made the confirmation at a meeting held in the city on September 7 to evaluate progress since the Saigon Innovation Hub (SiHub) was established a year ago.
Along with private investment, public-private partnerships will be a focus of the city as part of efforts to support startups in branching out, he said.
Fierce competition has forced the city to enhance productivity and the use of science and technology, Nhan said, adding that this also requires new enterprises to renovate their technology.
The city has focused on activities to develop a startup ecosystem under a programme which supports small and medium enterprises to enhance competitive capacity and global integration. The programme’s core goal is to encourage innovative startups via scientific research development.
[HCM City: over 500 startup projects launched]
Talking about SiHub which assists initiatives for innovation and start-up enterprises, Nguyen Viet Dung, Director of the municipal Department of Science and Technology, said thanks to support from the Asian Development Bank, the centre can help build Ho Chi Minh City into a startup city.
After one year, SiHub has carried out various activities like bringing STEM (Science, Technology, Engineering and Mathematics) programmes to 486 schools, assisting 11 startup and innovation programmes, giving startup training to 115 lecturers and supporting startup incubators for two universities.
The centre also worked with more than 50 international organisations to carry out programmes to assist startups, he underlined.-VNA
VNA
