Hanoi (VNA) – UpYouth - the first startupincubator in Vietnam - is intended to bring the Silicon Valley startup cultureto the Southeast Asian nation.
The incubator, whose members are studying andworking at leading universities and groups from across the world, targets youngentrepreneurs.
It offers connectivity, consultation,training and market research opportunities, along with other kinds of assistance, to Vietnamesepeople aged from 18 to 25 who want to embark on tech startup.
Since its inception more than one year ago, the2,000-strong incubator has helped firms lure up to 2.5 million USD.
Vietnam is becoming a magnet in Southeast Asia forattracting investment in start-ups, driven by a convergence of a young consumerand workforce base with increasing demands for digital technology in thepost-pandemic period.
According to Vu Quoc Huy, Director of the NationalInnovation Centre (NIC), Vietnam saw a robust development of start-up firmslast year and was on track to become the next growth driver of Southeast Asiaand play a vital role in the region’s start-up golden triangle.
He cited statistics that investment into start-upshit a record high of 1.4 billion USD in 2021 despite the impacts of theCOVID-19 with strict social distancing measures in place, breaking the previousrecord of 874 million USD in 2019.
The number of new businesses set up in the firstfour months of this year increased by 12.3 percent over the same period lastyear, which, together with positive growth momentum in foreign investment inflow,demonstrated the country’s large potential for the development of the start-upecosystem, he said.
He expects investment in start-ups to doublein the next three years./.
A record of over 1.3 billion USD was poured into Vietnamese startups in 2021 despite the complicated developments of the COVID-19 pandemic, helping the country rank third in the group of the most dynamic innovative startup ecosystems in Southeast Asia, only after Indonesia and Singapore, statistics show.
The Vietnamese startup community has made breakthroughs despite difficulties brought by the COVID-19 pandemic as a record high of more than 1.3 billion USD in venture capital was pumped into startups last year.
Golden Gate Ventures on May 30 signed a cooperation agreement with the National Innovation Centre (NIC), aiming at strengthening long-term relationship, and supporting the development of the startup and innovation ecosystem in Vietnam.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
Illustrative image (Source: vneconomy.vn) 
