Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures, said Secretary of the municipal Party Committee Nguyen Thien Nhan.
Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City will build an industrial zonefor new businesses, including startups, and aid firms with businessregistration procedures, said Secretary of the municipal Party Committee NguyenThien Nhan.
Hemade the confirmation at a meeting held in the city on September 7 to evaluate progresssince the Saigon Innovation Hub (SiHub) was established a year ago.
Along with private investment, public-private partnerships will be a focus ofthe city as part of efforts to support startups in branching out, he said.
Fierce competition has forced the city to enhance productivity and the use ofscience and technology, Nhan said, adding that this also requires newenterprises to renovate their technology.
The city has focused on activities to develop a startup ecosystem under aprogramme which supports small and medium enterprises to enhance competitivecapacity and global integration. The programme’s core goal is to encourageinnovative startups via scientific research development.
Talking about SiHub which assists initiatives for innovation and start-upenterprises, Nguyen Viet Dung, Director of the municipal Department of Scienceand Technology, said thanks to support from the Asian Development Bank, thecentre can help build Ho Chi Minh City into a startup city.
After one year, SiHub has carried out various activities like bringing STEM(Science, Technology, Engineering and Mathematics) programmes to 486 schools,assisting 11 startup and innovation programmes, giving startup training to 115lecturers and supporting startup incubators for two universities.
The centre also worked with more than 50 international organisations to carryout programmes to assist startups, he underlined.-VNA
Saigon Innovation Hub (SiHub) under the HCM City Energy Conservation Centre and Microsoft Vietnam signed a memorandum of understanding on January 17 on supporting start-ups in the southern region.
The annual contest Startup Wheel 2017 was launched on May 16 in Ho Chi Minh City to encourage startup spirit among students and youth aged 18-35 across the country.
Bosch Group, a leading global supplier of technology and services headquartered in Germany, will send experts to evaluate and give consultancies to startup projects and join hands with the Saigon Innovation Hub (SiHub) to organise annual industrial technology startup contests.
Vietnam’s tourism market offers huge opportunities for start-up companies if they promptly seize technological trends to create special and unique tourism products, heard a workshop in Ho Chi Minh City on July 20.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures. (Photo: VNA) 
