PM Phuc: creating best environment for innovative startups
It is necessary to create the best environment for innovative startups and startup ecosystem, Prime Minister Nguyen Xuan Phuc said at a dialogue with investors, experts and entrepreneurs in Hanoi on November 27.
Prime Minister Nguyen Xuan Phuc (R) speaks at Techfest 2020 (Photo: Techfest)
Hanoi (VNA) – It is necessary to create the best environment for innovative startupsand startup ecosystem, Prime Minister Nguyen Xuan Phuc said at a dialogue withinvestors, experts and entrepreneurs in Hanoi on November 27.
He said the startupspirit has become popular in Vietnam, and stressed that innovation of more than100 million Vietnamese people, both at home and abroad, should be regarded asnew, endless resources that need to be fully tapped.
The leader,however, pointed out the incomplete domestic startup ecosystem, along withobstacles regarding mechanisms and resources, particularly capital.
Supporting startupswill be a top priority of the Government, he said, pledging to hold moredialogues and step up the communications work in order to devise financialmechanisms and carry forward the role of private investment funds.
During the dialogue,held within the framework of the national innovative startup day Techfest2020, participants also touched upon such issues as digital transformation,opportunities, and role of youngsters in startup and high-quality humanresources.
Nguyen Anh Tuan, First Secretary of the Ho ChiMinh Communist Youth Union Central Committee and President of Vietnam Youth Federation, said ministries and agencies haveadjusted a wide range of policies to facilitate startups.
Apart from various programmes of the Government andministries and agencies, localities have also made decisions and rolled outplans and programmes to support startups in general and innovative startups inparticular, he said./.
The start-up festival Techfest Mekong 2020 opened in the Ben Tre city of the Mekong Delta province of the same name on November 21, with over 120 exhibitors taking part.
The largest events of the year regarding startups and innovation in HCM City are set to run from November 23 to 28, the municipal Department of Science and Technology said on November 23.
The Vietnam Venture Summit 2020, the second event of its kind, got underway in Hanoi on November 25, providing a dialogue platform between the Vietnamese Government and major international venture funds.
The COVID-19 pandemic may have caused disruptions to start-ups and innovative enterprises, but it had also created opportunities for them to turn into real businesses.
HCM City should learn from other countries’ experiences in building a world-class science and technology park so that it can shift to a knowledge-based economy, speakers said at a recent conference in the city.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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.
Prime Minister Nguyen Xuan Phuc (R) speaks at Techfest 2020 (Photo: Techfest) 
