Vietnam, India foster cooperation in innovation, startup
A Vietnam-India Startup Forum was held in a hybrid format on November 12, as part of the activities to celebrate the 50th anniversary of the establishment of bilateral diplomatic ties.
Vietnamese Ambassador to India Nguyen Thanh Hai speaks at the forum (Photo: VNA)
New Delhi (VNA) – A Vietnam-India Startup Forum was held in ahybrid format on November 12, as part of the activities to celebrate the 50th anniversary of the establishment of bilateral diplomatic ties.
In his opening remarks, President of the National EconomicsUniversity (NEU) Pham Hong Chuong said that although economic cooperationbetween Vietnam and India has gained a lot of achievements, bilateral collaborationin innovation, start-up, market connectivity, and investment is notcommensurate with the potential, as India is assessed as the third mostdeveloped startup ecosystem in the world.
According to him, Vietnam needs to step up cooperationactivities, learn from India's experience, and connect the two countries'startup ecosystems.
As a leading university in Vietnam in the fields ofeconomics and business administration, as well as a renowned organisationsupporting start-ups, NEU is always ready to accompany Vietnamese andIndian partners to create a network connecting innovative start-ups, investmentfunds and experts, contributing to promoting start-up activities, and servingthe socio-economic development of the two countries, he added.
Vietnamese Ambassador to India Nguyen Thanh Hai said thatinnovation and start-up is a new field which, however, holds a lot of cooperationpotential and opportunities for both sides.
The embassy will continue implementing activities ineconomics, trade, and science and technology, and creating more chances forboth sides’ startups to connect and enhance cooperation.
The forum, with the participation of nearly 20 Vietnameseand Indian investment funds and potential startups, is expected to open uppractical and effective collaboration opportunities for the two sides./.
Cooperation in science-technology has become an increasingly important pillar in the comprehensive strategic partnership between Vietnam and India, especially during post-pandemic recovery, according to Indian analysts.
Vietnam and India should further strengthen connectivity to record more robust growth in bilateral trade, which is expected to hit 15 billion USD this year and surpass the record the two countries set in 2021, Indian analysts have said.
A delegation of the Party Central Committee’s Commission for Information and Education led by its vice chairman Phan Xuan Thuy has had a working session with representatives of international and communication commissions of India’s Bharatiya Janata Party (BJP) to share experience and models on media management.
Prime Minister Pham Minh Chinh on November 12 met Indian Vice President Jagdeep Dhankhar, affirming that bilateral comprehensive strategic partnership has a firm ground to further develop.
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.
Vietnamese Ambassador to India Nguyen Thanh Hai speaks at the forum (Photo: VNA) 
