Deputy Secretary of the Ho Chi Minh City Party Committee Nguyen Ho Hai emphasized the need of mobilizing social resources for infrastructure investment and trade promotion activities at a conference yesterday.
Through the first months of 2022, thanks to the efforts and creativity of start-ups as well as timely support from the Government, the innovative start-up ecosystem in the country has made impressive recovery steps after the Covid-19 pandemic. It is forecast that investment funds will continue to pour capital into Vietnamese startups, and may reach an impressive level of more than US$2 billion in 2022.
According to Mr. Dao Minh Chanh, Deputy Director of the Department of Planning and Investment of Ho Chi Minh City, the city has been implementing a series of solutions to remove obstacles and difficulties and energize businesses to rise.
The Ho Chi Minh City People’s Committee has introduced a project facilitating the development of its innovative start-up ecosystem during the 2021-2025 period, with a target of supporting 1,000 start-ups.
Prime Minister Nguyen Xuan Phuc has asked for financial mechanisms to be built to attract investment into start-ups and innovation activities from both the country’s inside and outside resources.
This year’s techfest aims to promote the connection between five locations including Quy Nhon, HCMC, An Giang, Hue, Nghe An and encourage the young to start up businesses.
The Saigon Innovation Hub (SIHUB), launched by HCM City Department of Science and Technology to assist innovation initiatives and the startup community, has operated for one year.
The APEC Economic Leaders on November 11 adopted the Da Nang Declaration, affirming their determination to take bolder and sustained collective actions to inject new dynamism into APEC cooperation.
The increasing number of newly-established firms in the southern region in recent years has demonstrated their stronger confidence in Party and State policies designed to support the development of the private economy.
The Department of Information and Communications of Hà Nội (DIC) has worked with several agencies to develop an information technology business incubator scheme to promote start-ups.