Start-up companies introduce their products at a seminar in HCM City on December 11.(Photo: VNA) HCM City (VNS/VNA) - In Ho Chi Minh City and the south-westernregion, individuals set up 75 percent of all start-ups and organisations establishedthe rest, according to the Ministry of Science and Technology Office in thesouthern region.
The office’s chief Pham Xuan Da told a seminarin HCM City on December 11 that "the region has great economicpotential".
"Many supporting activities to promote astart-up and innovation eco-system are being undertaken in HCM City and Can Thoand Tra Vinh and Ben Tre provinces," he said.
They focused on offering legal assistance,helping with business registration, registering intellectual property, andteaching them about finance and corporate governance, helping reduce the riskof failure, he said.
According to Huynh Kim Tuoc, managing directorof the Saigon Innovation Hub (SiHub), the city’s start-ups and innovationeco-system are in four key industries: plastic, pharmaceutical chemicals andrubber; food processing; mechanical engineering; and electronics andtelecommunication.
This eco-system supports efforts such as the useof technology in education, sectors like hi-tech agriculture,technologies used in food processing and biotechnology, medical technology,clean technology, AI (artificial intelligence), VR (virtual reality),AR (augmented reality), robotics, and smart systems.
Nguyen Thi Mai Huong, co-founder and managingpartner entrepreneur of Empower Hub Vietnam (E3Hub), said "start-ups andinnovation-driven enterprises are a key element in the country’s developmentstrategy".
“They not only create more jobs but alsodiversify production and modernize the economic structure.”
The countries with the best conditions fordynamic entrepreneurs were the US, the Netherland, Singapore, and Finland, shesaid. “An agency is required to directly support Vietnamese start-ups.”
The Government should create favourableconditions for schools, colleges and universities to incubate and invest instart-ups, she said.
It should help start-up businesses develop humanresources, build an entrepreneurial spirit and access international markets,she said.
"Improving the business environment,preferential policies and venture capital are required to develop start-ups andinnovation eco-systems," she said.
"Easing administrative procedures forventure capital investment and creating smooth mechanisms for divesting capitalare also needed."-VNS/VNA
The office’s chief Pham Xuan Da told a seminarin HCM City on December 11 that "the region has great economicpotential".
"Many supporting activities to promote astart-up and innovation eco-system are being undertaken in HCM City and Can Thoand Tra Vinh and Ben Tre provinces," he said.
They focused on offering legal assistance,helping with business registration, registering intellectual property, andteaching them about finance and corporate governance, helping reduce the riskof failure, he said.
According to Huynh Kim Tuoc, managing directorof the Saigon Innovation Hub (SiHub), the city’s start-ups and innovationeco-system are in four key industries: plastic, pharmaceutical chemicals andrubber; food processing; mechanical engineering; and electronics andtelecommunication.
This eco-system supports efforts such as the useof technology in education, sectors like hi-tech agriculture,technologies used in food processing and biotechnology, medical technology,clean technology, AI (artificial intelligence), VR (virtual reality),AR (augmented reality), robotics, and smart systems.
Nguyen Thi Mai Huong, co-founder and managingpartner entrepreneur of Empower Hub Vietnam (E3Hub), said "start-ups andinnovation-driven enterprises are a key element in the country’s developmentstrategy".
“They not only create more jobs but alsodiversify production and modernize the economic structure.”
The countries with the best conditions fordynamic entrepreneurs were the US, the Netherland, Singapore, and Finland, shesaid. “An agency is required to directly support Vietnamese start-ups.”
The Government should create favourableconditions for schools, colleges and universities to incubate and invest instart-ups, she said.
It should help start-up businesses develop humanresources, build an entrepreneurial spirit and access international markets,she said.
"Improving the business environment,preferential policies and venture capital are required to develop start-ups andinnovation eco-systems," she said.
"Easing administrative procedures forventure capital investment and creating smooth mechanisms for divesting capitalare also needed."-VNS/VNA
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