Hanoi holds strong potentials to become startup center of Vietnam
Hanoi – On September 21st, the People’s Committee of Hanoi, in cooperation with the Israeli Embassy in Vietnam and FPT Corporation, holds the international conference themed “Vietnam Startup Ecosystem – Lessons learned from Israel”.
Deputy Prime Minister Vuong Dinh Hue, Head of the Central Steering Committee on renovation and enterprises development participated in the conference.
Addressing the conference, the Deputy PM stressed that Vietnam has experienced economic changes and transition, it is a need for Vietnam to learn from other developed countries. In terms of startup, Israel is considered to have various achievements recognized worldwide. As a result, Vietnam enterprises are supposed to learn from Israel both in theory and practice.
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The conference offered a good chance for agencies of the Vietnamese Government as well as of Hanoi to research and analyze various policies and mechanism at micro and macro level to better support and promote the economy in general and startup projects in particular. It will also help such agencies seek ways and methods to further enhance startup programs in both quality and efficiency.
Mr. Hue hoped Hanoi would become an ideal place for pilot policies and mechanism and soon a center of startups of Vietnam.
At the conference, participants discussed the prospects for startup projects in Vietnam as well as relevant legal frameworks for better development of businesses. Other topics for discussion included practical experience of developed economies in developing startup ecosystem, attracting financial supports for projects, etc.
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| Deputy Minister Vuong Dinh Hue at the conference |
Speaking at the conference, the Deputy PM hoped that startup community won’t be afraid to take risks, share and cooperate to overcome all challenges.
At the event, the Fund for Vietnam Startup Acceleration (VIISA) officially launched its website and announced its recruitment for startups in Southeast Asia. Accordingly, from September 21st to October 20th, register process will be available at www.viisa.vn. VIISA will proactively conduct selection of startups to the training round, continue to choose the 10 best startups to invest $15,000 up to 5% of the company valuation during training and until graduation. In addition, these 10 startups will also be supported with office, technical resources, accounting services or bank accounts.
