At the conference to look for measures to attract domestic and foreign resources for innovative startups in Vietnam. (Photo: VNA)
Hanoi (VNA) – Measures to attract domestic and foreign resources for innovative startups in Vietnam were discussed at a conference held in Hanoi on September 10.
The event was jointly organised by the Vietnam Centre for Science and Technology Communication and the National Agency for Technology Entrepreneurship and Commercialisation Development under the Ministry of Science and Technology (MoST).
Experts suggested building a database system which would connect the national innovative startup portal with those of other organisations, cities, ministries, and branches to provide essential information for businesses and the startup community.
Besides this, a network exclusively for innovative startups should be set up, with the involvement of investors, funds, a consulting network, and experts, among others, they stressed.
Providing information on the activities of project 844 towards supporting the national innovative startup ecosystem through 2025, project office director Pham Dung Nam said that it has joined hands with localities nationwide to organise events connecting the regional startup ecosystem.
During 2017-2018, the MoST, in collaboration with relevant ministries and sectors, has created favourable mechanisms for the development of the innovative startup ecosystem, he noticed, saying that the move has boosted startup activities in the relevant countries.
Meanwhile, Pham Hong Quat, Head of the National Agency for Technology Entrepreneurship and Commercialisation Development, laid stress on the importance of attracting international resources for Vietnamese startups and innovation works.
Techfest, one of the largest startup events in the country, is organised annually by the MoST to create connections for domestic and foreign takeholders in the startup ecosystem, he higlighted.
Quat also said that the event has drawn the attention of the international startup community and various foreign investors. More than 30 percent of total transactions at the event were made by foreigners.
✅ Techfest 2018 is scheduled from November 29 to December 1, he added. –VNA
Startup Space - The Youth Five (Y5 office) - for young people has been inaugurated in District 1, Ho Chi Minh City, by the municipal Ho Chi Minh Communist Youth Union.
As Vietnam’s economic hub, Ho Chi Minh City boasts advantages to develop startups, with its science-technology resources accounting for 25 percent and the number of operating businesses taking up 50 percent of the country’s, while its labour productivity is 2.5 times higher than the national average.
An annual contest on innovation in agricultural production with high-tech for startups and innovative projects has been announced by the Centre for Business Incubation of Agricultural High Technology.
The implementation of “One Commune One Product” (OCOP) scheme is essential for the Mekong Delta city of Can Tho to promote startup spirit among local farmers, Vice Chairman of the municipal People’s Committee Truong Quang Hoai Nam.
According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
This year’s event attracted more than 350 entries from cities and provinces across the country, reflecting growing interest in and commitment to the Fourth Industrial Revolution.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
At the conference to look for measures to attract domestic and foreign resources for innovative startups in Vietnam.
