Vinh Phuc province’s youth urged to open startups

The northern province of Vinh Phuc on March 28 called on its youth to join the national startup movement and contribute to promoting socio-economic development.
Vinh Phuc province’s youth urged to open startups ảnh 1The northern province of Vinh Phuc urges the young to start up businesses and contribute to socio-economic developmnet (Photo: enternews.vn)
 
Vinh Phuc (VNA) -The northern province of Vinh Phuc on March 28 called on its youth to join thenational startup movement and contribute to promoting socio-economicdevelopment.

Do ThiThanh Huong, secretary of the provincial Youth Union, said the northernprovince had more than 300,000 young people aged between 16 and 30, accountingfor 30 percent of the population and 47 percent of the labour force.

“Wecall on every young person in Vinh Phuc province to nurture theentrepreneurship spirit, be creative and actively prepare for launchingbusinesses,” Huong said at the event. “There will be difficulties andchallenges. Persevere and be determined.”

Le DuyThanh, Vice Chairman of the provincial People’s Committee, said the privatesector was identified as an important engine of the economy, and favourableconditions would be provided to promote its development and enhance theeconomy’s competitiveness.

Thanhsaid it was a good time to launch startups in Vinh Phuc province where thelocal authorities were aiming to provide support in terms of capital, land andpolicies to encourage the youth.

“Boththe youth and enterprises play very important roles in the province’sdevelopment and the combination will certainly bring better results,” Thanhsaid.

VinhPhuc currently has some 7,000 businesses and the figure is expected to increaserapidly in the future, according to Thanh.

Accordingto Pham Ngoc Tuan, deputy head of the National Startup Programme’s OrganisationBoard, the Government of Vietnam was striving to build a startup ecosystem withthe issuance of a resolution in June last year.

In2017, the National Startup Programme will focus on connecting startupbusinesses to venture capital funds, associations and incubators to help themovercome initial difficulties.

At theevent, a council of startup mentors were introduced, which aimed at selectingfeasible startup projects and nurturing ideas to build a young entrepreneurcommunity in the province.

Inaddition, Vinh Phuc province also launched the first startup competition on March28.-VNA
VNA

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