HCM City (VNA) 𒁃– If Vietnam promotes renovation and flexibility, the country will be able to realise its start-up goals, an economic expert has said.
Le Hai Binh, Vice Chairman of the Vietnam E-Commerce Association, delivered the remark at a start-up forum in Ho Chi Minh City on November 16, which was held as part of activities in response to the ongoing “Global Entrepreneurship Week”.
Experts, representatives from businesses, and start-up entrepreneurs discussed the start-up ecosystem, service provision for start-up activities, start-up trends in Vietnam and the world. They also shared successful business models.
According to Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh, the Party and State treasure the role played by entrepreneurs and consider the private sector as a vital for the country’s development.
Vietnam is home to about 600,000 enterprises and over 4 million household-scale business establishments.
The country is set to have 1 million enterprises by 2020, with the private economic sector expected to contribute 45 percent of the GDP.
VCCI - the 13 th partner of the Global Entrepreneurship Network - is working hard to help Vietnamese start-ups, Thanh said.
Jessica Hilston, a US start-up expert, stressed the importance of selecting partners for start-ups, saying that this is essential for their success.
Enterprises need to cherish start-up initiatives and outline strategic orientations, she said.-VNA
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Deputy Prime Minister Vu Duc Dam has urged ministries and sectors to conduct specific activities to realise Government’s policies of encouraging startups.
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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.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Illustrative image (Source: Internet)
