Vietnamplus

Building the correct legal framework is one of the major challenges holding back start-up businesses and now the Government is looking at easing red-tape and giving an easier ride to both young companies and the private sector.

Despite Vietnam’s rise in the global competitiveness index, further reforms are needed to achieve economic targets set by the Government, speakers said at a workshop in Ho Chi Minh City on October 24.

Lack of capital and appropriate training were hindering the developing of start-up innovations among students at vocational training facilities, heard a workshop held in Hanoi on October 17.

Leading speakers from home and abroad will address the fourth Da Nang Start-up Innovation Festival on November 1.

Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article.

The Hanoi Innovation Summit 2019 under the auspices of the Hanoi People’s Committee and the Ministry of Planning and Investment opened on August 29 at the National Convention Centre.

Vietnam jumped from fifth to third in the list of most active start-up ecosystems in the six largest ASEAN economies in only two years.

“Vietnam is shaping up to be Southeast Asia’s next hottest startup ecosystem” is the title of an article recently posted on the website of TechinAsia – the largest English-language technology media company in Singapore that focuses on Asia.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung had a meeting in Hanoi on July 16 with a Singaporean business delegation led by Teo Siong Seng, Chairman of the Singapore Business Federation to discuss opportunities to strengthen bilateral cooperation between the city and Singapore.

The Republic of Korea (RoK)’s Chuncheon Bioindustry Foundation (CBF) has signed a number of cooperation agreements with Vietnamese localities and companies in the field of biotechnology.

As Vietnam, one of the hottest startup hubs in the world, is welcoming a huge wave of venture capital, its tech startup firms are expected to quickly reach the unicorn status, which means they are valued 1 billion USD or more, according to insiders.

The Vietnam Venture Summit 2019 was held in Hanoi on June 10 as a platform for policy dialogue between the government and international venture funds.

Agricultural start-ups should capitalise on the huge demand for safe agricultural products by developing long-term, sustainable production strategies, experts said at a seminar in Ho Chi Minh City on June 6.

The National Innovation Centre (NIC) is a hallmark in the national strategy on the Fourth Industrial Revolution (Industry 4.0), Prime Minister Nguyen Xuan Phuc has said.

Mentors are needed to help young Vietnamese entrepreneurs grow their businesses, but connections are still modest, experts said.

Ho Chi Minh City plans this year to speed up a project to become a smart city by 2025 in order to better serve its residents.

About 1,000 overseas Vietnamese (OV) gathered at the annual “Homeland Spring” programme in Hanoi on January 26 to celebrate the upcoming Lunar New Year.

Each young Vietnamese should be ambitious and fearless to follow start-up dreams and bring prosperity to the country, said Deputy Prime Minister Vu Duc Dam.

The Vietnamese Government wishes to speed up the development of the start-up community and ecosystem, despite a number of difficulties facing the nation, Deputy Prime Minister Vu Duc Dam has affirmed.

The capital city of Hanoi has met and surpassed all 20 socio-economic development targets, said Secretary of the municipal Party Committee Hoang Trung Hai during a local meeting on November 28.