VPBank launches one million USD startup support project
The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) on October 10 officially rolled out its one million USD startup support project ‘VPBank StartUp’ to aid the development of Vietnam’s start-up community.
VPBank rolled out its one million USD startup support project ‘VPBank StartUp’ to aid the development of Vietnam’s start-up community. (Photo:VPBank)
Hanoi (VNA) – The Vietnam Prosperity Joint Stock Commercial Bank(VPBank) on October 10 officially rolled out its one million USD startupsupport project ‘VPBank StartUp’ to aid the development of Vietnam’s start-upcommunity.
During 2017-2018, VPBank Startup will spend at least one million USD todirectly endorse start-ups. It will also set aside 6.5 billion VND (286,130 USD)to support startups at the hi-end working space, UP@VPBank, operated by thebank and the Up Co-working space.
Founder of the UP Co-working space Do Hoai Nam said that businesses will have accessto a top notch working space at the UP@VPBank at a reasonable cost. Also,UP@VPBank will offer assistance to innovative startups and financial technologyfirms to promote creativity and competitiveness.
They will get financial, accounting and legal support from investors, and haveopportunities to work together, connect and cooperate to realise the goals of“start-up city” and “start-up nation”, he added.
VPBank Startup marks a major stride for the bank’s corporate socialresponsibility activities.
Experts said that Vietnam poses huge potential to become a start-up nation,including golden population, young labourers and talent in high technology. Thecountry has seen more than 100,000 start-ups established.-VNA
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VPBank rolled out its one million USD startup support project ‘VPBank StartUp’ to aid the development of Vietnam’s start-up community. (Photo:VPBank) 
