Vietnam, India promote collaboration in developing innovative startup ecosystem
The Vietnamese Embassy in Indian in coordination with authorirites of Bangalore, the capital city of Karnataka state of India held a Vietnam-India investment and startup forum on August 18.
New Delhi (VNA) – The Vietnamese Embassy inIndia in coordination with authorirites of Bangalore, the capitalcity of Karnataka state of India held a Vietnam-India investment and startupforum on August 18.
The event, themed “Invest Vietnam: High-tech investment andstartups,” was organised in both in person and virtual forms, drewrepresentatives of local authorities, investment, science-technology andstartup ecosystem management agencies as well as investment funds and startupcompanies of Karnataka.
Vietnamese representatives at the forum included those fromthe Office of the project to support the national innovative startup ecosystem to2025 (Project 844) under the Ministry of Science and Technology, Da NangDepartment of Science and Technology, and a number of startup incubators andcentres such as BKHoldings, SaigonTel.
Participants exchanged information on the situation anddevelopment of innovative startup ecosystems of both sides as well astheir experience in the field.
Illustrative image (Source: VNA)
Representatives from Karnataka highlighted policies andexperience of the state in developing startup ecosystem, while Vietnamese startupincubators and centres showed their hope to cooperate with their peers in Karnataka.
Addressing the event, Vietnamese Ambassador to India PhamSanh Chau said that science-technology is one of important pillars of theVietnam-India comprehensive strategic partnership.
The Vietnamese Embassy and the Vietnamese Science-TechnologyOffice in India have carried out various activities to promote bilateralcollaboration in the field, he said, affirming high determination to foster the connection of both sides' innovative startup ecosystems.
Following this event, the embassy will support theinnovative startup communities of both sides in implementing specific cooperationactivities, he said.
Under the Project 844, Vietnam aims to assist more than2,000 startup companies, 600 of which are expected to grow into giants, andturn the country into an innovative startup centre of Southeast Asia.
Karnataka is India's leading innovative startup hub,which is home to 14 out of more than 30 unicorn startups of India having the value of over1 billion USD.
Speakers from Karnataka showed their willingness to work closely with Vietnamin developing the innovative startup ecosystem, share its experience in the field andassist businesses of both sides to seek partnership and expand markets./.
The strengthening of trade exchange between Vietnam and India not only by the traditional method but also in the online format has contributed to promoting the comprehensive strategic partnership between the two countries, said Hoang Minh Chien, deputy head of the Vietnam Trade Promotion Agency (VIETTRADE) under the Ministry of Industry and Trade.
Prime Minister Pham Minh Chinh engaged in a phone talk with his Indian counterpart Narendra Modi on July 10, during which the two Government leaders discussed measures to further the two countries’ comprehensive strategic partnership.
Deputy Minister of Foreign Affairs Nguyen Quoc Dung highlighted effective cooperation between Vietnam and India at international and regional forums and within the frameworks of ASEAN and Greater Mekong Sub-region at a virtual workshop on August 12.
The Indian Consulate General in Ho Chi Minh City on August 13 ran a teleconference on India and its comprehensive strategic partnership with Vietnam, a curtain raiser for a host of events promoting the nations’ mutual engagements and understanding and marking India’s Independence Day.
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.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
An overview of the forum (Photo: VNA) 
Illustrative image (Source: VNA) 
