Vietnam promotes innovative startup ecosystem in Singapore
The “Techfest Vietnam in Singapore” took place in Singapore on November 11 to introduce the Techfest Vietnam festival in 2019 and Vietnam’s innovative startup ecosystem to international partners.
Deputy Minister of Science and Technology Tran Van Tung speaks at the event (Source: VNA)
Singapore (VNA) – The “Techfest Vietnam in Singapore” took place in Singaporeon November 11 to introduce the Techfest Vietnam festival in 2019 and Vietnam’sinnovative startup ecosystem to international partners.
Addressing the event, Deputy Minister of Science and Technology Tran Van Tung highlightedthe vital role played by innovation and startup in promoting economic growth,addressing difficulties and challenges, and creating jobs for labourers.
Vietnam has paid special attention to promoting the development of innovativestartup ecosystem in policy, infrastructure, financial institution and supportservice as well.
Vietnam’s startup ecosystem has recorded a strong development inthe last three years, attracting nearly 900 million USD in 2018 alone, threetimes higher than that in 2017.
According to Tung, Singapore is one of the countries with the mostdeveloped creative startup ecosystem in the world, especially financialtechnology (Fintech) and blockchain technology, and Vietnam and Singapore havegreat potential and opportunities to expand collaboration in the field.
He said Vietnam will focus on building and developing entrepreneurshipconnection networks at national and international scales, promoting theformation of innovation centres nationwide, supporting startups in developingand perfecting technologies, associating with universities and researchinstitutes to commercialize research results, and forming intellectualproperties to gradually make inroads into regional and global markets.
Tung expressed his hope that the event will provide useful information forSingaporean partners, thus opening opportunities for more regular and effectivecooperation between the two countries.
“Techfest Vietnam in Singapore” attracted nearly 150 delegates from investmentfunds, innovative startup organisations, universities, research institutes andenterprises of Singapore.
In the framework of the event, Vietnam’s Ministry of Science and Technology and TheTemasek Polytechnic School of Singapore signeda document on training exchange and cooperation./.
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Deputy Minister of Science and Technology Tran Van Tung speaks at the event (Source: VNA) 
