Illustrative image (Source: Internet)
 
HCM City (VNA) – The Vietnam Startup Wheel 2019 was launched in Ho Chi Minh City on April 10, attracting entries from Thailand, the Republic of Korea, Singapore and Japan, among others. 

Deputy Director of the Business Start-up Support Centre (BSSC) and head of the organising board Nguyen Thi Dieu Hang said the national event is not only for start-ups but also foreign investors.

Apart from competitions in Ho Chi Minh City, Hanoi, Da Nang and the Mekong Delta, the event will connect with People’s Committees of cities and provinces, socio-political organisations, young businesspeople, universities and institutes nationwide.

The board will receive entries between now and April 30. Up to 1,000 projects are expected to join the event.

The first prize will be worth 200 million VND (8,600 USD) for a start-up firm and 150 million VND for individual entrepreneur and start-up group. The most creative project will receive 10 million VND. Outstanding projects will be eligible for the qualification round at Shark Tank Vietnam 2020.

After six editions, the competition has attracted over 10,000 competitors with 3,500 projects and over 50 billion VND invested.

This year’s event is co-organised by the BSSC and the Ho Chi Minh City Young Business Association.-VNA