Exhibitions for innovative startups are regularly held in HCMC. (Photo: SGGP)

HCMC creating firm foundations for innovative startups

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.

There is a burning need for a perfect startup ecosystem to better support startup people. Photo by T.Ba

Startup ecosystems wholeheartedly promoted in Vietnam

The project ‘Supporting national innovative startup ecosystems’ (Project 844) has achieved impressive results in becoming a strong foundation for the startup community nationwide and raising the public’s awareness about innovative startup activities in various fields.

Prime Minister Nguyen Xuan Phuc at the event (Source: VNA)

PM requests prioritisation of support industry

Prime Minister Nguyen Xuan Phuc has requested that private industrial firms be developed, with a focus on innovative startups and the support industry. 
The startups of the Republic of Korea are considering Vietnamese products in the Innovative Startup Market held in HCMC.

International cooperation becoming practical solution for innovative startups

Many startup activities have been effectively held lately and many innovative models have been successfully replicated throughout Vietnam, especially in Ho Chi Minh City (HCMC). At the moment, supporting units for startup businesses in this city are actively connecting to their international counterparts to improve the quality of those activities in the near future.
A corner of Ho Chi Minh City (Source: VNA)

HCM City aims to be startup urban centre

Ho Chi Minh City is striving to become Vietnam’s startup urban centre with the establishment of 500,000 enterprises through 2020.