Ho Chi Minh City supports agricultural start-ups

The agricultural start-up forum, themed “Incubating Vietnamese businesses”, took place in Ho Chi Minh City on April 13.
Ho Chi Minh City supports agricultural start-ups ảnh 1Illustrative image (Source: VNA)
HCM City (VNA) – The agricultural start-up forum,themed “Incubating Vietnamese businesses”, took place in Ho Chi Minh City onApril 13.

The event aimed to encourage start-up movement and establishyoung agricultural firms using modern technology to develop clean and safefarming.

Speaking at the event, Deputy Director of the municipalDepartment of Agriculture and Rural Development Tran Tan Quy said the citystrives to record 500,000 firms by 2020, at least 1,500 of them operate inagriculture in accordance with the government’s Resolution No.35 on supporting anddeveloping enterprises.

Over the past two years, up to 300 agricultural firms havebeen established, bringing the total to nearly 1,300, he said, adding that thecity is willing to offer more preferential loans to them and encourages theestablishment of agricultural cooperatives.

The municipal People’s Committee issued a decision guidingthe enforcement of Resolution No.10/2017/NQ-HDND dated December 7, 2017 of themunicipal People’s Council on encouraging switch of urban agriculture structurefor 2017-2020. Accordingly, the city will offer zero-interest loans tohigh-tech agricultural projects.

Prof. Phan Van Truong, head of the Vietnamese agriculturalstart-up club, suggested that young people initially invest in profitablefields and then call for investment. Once they are financially strong, it willbe easier to lure investment.

Speakers inspired young people with “start-up mindset” andpointed out challenges to agricultural start-ups to seek proper measures.

The organising board introduced incentives and trainingcourses to create a driving force for start-ups and connected businesses withstart-up ideas.-VNA
VNA

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