Ho Chi Minh City at present is running the project ‘Supporting the Development of Innovative Startup Ecosystems in HCMC from 2021-2025’ in order to upgrade the capability of 3,000 current businesses and incubate 1,000 startup projects until 2025. This has displayed the strong determination of the municipal authorities to boost the growth of innovative startups here.

The Innovation and Startup Awards 2020 (I-Star 2020) is within the framework of the Ho Chi Minh City Innovation, Startup and Entrepreneurship Week (WHISE 2020) to honor individuals and organizations with practical activities to boost startup and innovation in the society. This year, it has received many impressive papers.

Welcoming the positive results from startup activities lately, Ho Chi Minh City (HCMC) Department of Science and Technology is now finishing the final draft for the project ‘Helping to Develop Innovative Startup Ecosystems in HCMC from 2021-2025’. This program is supposed to increase both productivity and competitiveness of businesses in the city.

Witnessing a satisfying increase of 3 positions to 42 out of 129 nations/economies in the Global Innovation Index (GII) 2019 and realizing the importance of innovation to the national development, Vietnam is planning to put more focus on improving this rating via a series of practical activities.

Ho Chi Minh City (HCMC) takes the lead in the number of startups in Vietnam, making up around 45 percent out of the total 3,000 businesses, according to statistics presented in the recent working session between the Department of Science and Technology of HCMC and Thua Thien - Hue Province.

RMIT University Vietnam and the Saigon Innovation Hub (SIHUB) signed a cooperation memorandum to foster the development of an innovative startup ecosystem in Ho Chi Minh City (HCMC) and neighboring nations.