Innovative start-up ecosystem

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The foreign businesses are still optimistic about the prospects for business development in Vietnam. However, they also expressed concern over recent changes in policies and regulations that are inconsistent with international practices. They often face to complex policy implementation, ineffective and unfair treatment policies across regions. Th To create a favorable environment to promote and development of fast-growing enterprises based on the exploitation of intellectual property, technology, new business models. Vietnamese startup ecosystem is growing rapidly in Hanoi, to become a modern industrialized country by 2020. That is why the government plans to develop a national innovation system that works to support the development of innovation through Startups and SMEs.

The Vietnamese Government issued a project called “Assistance policies on national innovative start up ecosystem to 2025”. The goal of the project is to improve the legal system to support innovative start-up by 2020; set up the National Innovation Innovation Portal; supported by 800 projects, 200 start-up businesses, 50 of which were successful venture capitalists, valued at about VND 1,000 billion. By 2025, support the development of 2,000 innovative projects; assisted in the development of 600 innovative enterprises; 100 enterprises participated in the project to call for investment capital from venture investors, with a total value of about VND 2,000 billion. Some specific support:

  • Building a service center for innovative start up support
  • Partial support funding for training activities
  • To develop facilities and technical support for innovative start up
  • Encourage the use of funds by agencies to contribute capital to start-ups enterprise
  • Preferential tax regime

Writer: Nguyen Thu Ha (number 06)

2 thoughts on “Innovative start-up ecosystem”

  1. For example of start-uper, Giaohangnhanh is a startup that was established in 2012 and intervested by seedcom venture capital fund for many startup in Vietnam. This is the fastest and most firce in the logisistic market than dozen company today. Although e-comerce ecosystem is still lacking many factor such as popularity of e-payment or the habit and belief of customers forwading industry in Vietnam will grow at very high in the future

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