Business

Vietnam, India foster cooperation in innovation, startup

A Vietnam-India Startup Forum was held in a hybrid format on November 12, as part of the activities to celebrate the 50th anniversary of the establishment of bilateral diplomatic ties.
Vietnam, India foster cooperation in innovation, startup ảnh 1Vietnamese Ambassador to India Nguyen Thanh Hai speaks at the forum (Photo: VNA)
New Delhi (VNA) – A Vietnam-India Startup Forum was held in ahybrid format on November 12, as part of the activities to celebrate the 50th anniversary of the establishment of bilateral diplomatic ties.

In his opening remarks, President of the National EconomicsUniversity (NEU) Pham Hong Chuong said that although economic cooperationbetween Vietnam and India has gained a lot of achievements, bilateral collaborationin innovation, start-up, market connectivity, and investment is notcommensurate with the potential, as India is assessed as the third mostdeveloped startup ecosystem in the world.

According to him, Vietnam needs to step up cooperationactivities, learn from India's experience, and connect the two countries'startup ecosystems.

As a leading university in Vietnam in the fields ofeconomics and business administration, as well as a renowned organisationsupporting start-ups, NEU is always ready to accompany Vietnamese andIndian partners to create a network connecting innovative start-ups, investmentfunds and experts, contributing to promoting start-up activities, and servingthe socio-economic development of the two countries, he added.

Vietnamese Ambassador to India Nguyen Thanh Hai said thatinnovation and start-up is a new field which, however, holds a lot of cooperationpotential and opportunities for both sides.

The embassy will continue implementing activities ineconomics, trade, and science and technology, and creating more chances forboth sides’ startups to connect and enhance cooperation.

The forum, with the participation of nearly 20 Vietnameseand Indian investment funds and potential startups, is expected to open uppractical and effective collaboration opportunities for the two sides./.
VNA
#Vietnamese Ambassador to India Nguyen Thanh Hai #Vietnam-India Startup Forum #startup ecosystem #National Economics University #Vietnam #Vietnamplus #Vietnam News Agency
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