Startup, innovation - key drivers for country’s development: NA Vice Chairman

Startup and innovation are important driving forces for the country's development in the new period, Vice Chairman of the National Assembly (NA) Nguyen Duc Hai has said.

Vice Chairman of the National Assembly (NA) Nguyen Duc Hai speaks at a meeting with young entrepreneurs with outstanding startup results in 2024 in Hanoi on August 9 (Photo: VNA)
Vice Chairman of the National Assembly (NA) Nguyen Duc Hai speaks at a meeting with young entrepreneurs with outstanding startup results in 2024 in Hanoi on August 9 (Photo: VNA)

Hanoi (VNA) – Startup and innovation are important driving forces for the country's development in the new period, Vice Chairman of the National Assembly (NA) Nguyen Duc Hai has said.

He made the remarks at a meeting with young entrepreneurs with outstanding startup results in 2024 in Hanoi on August 9.

The NA Vice Chairman affirmed that the Party and State always pay attention to, encourage and create conditions for young entrepreneurs to implement their startups and innovations, especially in the context of globalisation, international integration and the Fourth Industrial Revolution.

The socio-economic situation, evolved with many advantages but also challenges, requires entrepreneurs and enterprises to constantly make innovations and improve competitiveness so as to help the country confidently integrate into the world, Hai said.

Congratulating young entrepreneurs who are honoured to be “Outstanding Young Entrepreneurs in 2024”, especially those who are named as top 10 outstanding young startup entrepreneurs, Hai asked them to promote their sense of responsibility, perform their tasks better, continue to cultivate ethics, business culture, make contributions, promote social responsibility, and uphold law-abiding spirit in business.

Enterprises should thoroughly grasp and effectively implement the Party's and State’s policies and actively contribute to building and finetuning laws on enterprises, investment, business, tax, finance, and labour, he continued.

Enterprises run by 86 outstanding young Vietnamese entrepreneurs generated a combined revenue of 2.5 trillion VND (over 99 million USD), and contributed 51.6 billion VND to the State budget last year.

Companied owned by top 10 outstanding young startup entrepreneurs generated 1.1 trillion VND in revenue in 2023, and contributed 31.2 billion VND to the State budget and created jobs for 3,722 labourers./.

VNA

See more

A screenshot. (Photo: bnews.vn.png)

Vietnam’s digital map updates 34 provincial-level administrative units

An 1:1,000,000-scale administrative map of Vietnam online and in digital *.pdf format will be released once the National Assembly’s Resolution on the reorganisation of provincial-level administrative units in 2025 takes effect in oder to promptly support the Prime Minister’s direction and administration, support state management by ministries, sectors, and localities; and meet requirements of organisations and individuals.

The China Higher Education Exhibition convenes in Hanoi on June 12, with the participation of 28 top Chinese universities. (Photo: vnu.edu.vn)

Vietnam, China foster academic cooperation

VNU Hanoi held a signing ceremony for a tripartite Memorandum of Understanding (MoU) between VNU Hanoi, Nanjing University, and Sunwah Group, as well as an MoU between VNU Hanoi, Shandong University, and Goertek Group.

The Ministry of Public Security's Investigation Security Agency initiates a bribery investigation targeting former Deputy Minister of Labour, Invalids and Social Affairs Nguyen Ba Hoan. (Photo: VNA)

Legal proceedings launched against ex-official for taking bribes

The Ministry of Public Security's Investigation Security Agency has initiated a bribery investigation targeting former Deputy Minister of Labour, Invalids and Social Affairs Nguyen Ba Hoan and three other other officials, in connection with a case involving the Hoang Long Construction and Manpower Supply JSC (Hoang Long CMS) and several affiliated units.

Vietnam is working to ensure children's right to a fulfilling childhood. (Photo: VNA)

Vietnam works to end child labour

Over the past decades, Vietnam has made strides in protecting children’s rights, especially efforts to reduce child labour, one of the most daunting challenges in developing countries.

PM Pham Minh Chinh speaks at the meeting with staff of the Vietnamese Embassy and representatives of the Vietnamese community in Sweden on June 11. (Photo: VNA)

PM meets with Vietnamese community in Sweden

PM Pham Minh Chinh said that efforts by the Vietnamese community in Sweden to contribute to their host society are also acts of patriotism, and that all contributions are deeply appreciated.