Specific activities need to support startups: Deputy PM

Deputy Prime Minister Vu Duc Dam has urged ministries and sectors to conduct specific activities to realise Government’s policies of encouraging startups whose development is considered a chance for Vietnam to speed up growth and narrow down development gap with other countries.
Opening the Vietnam technology startup festival (TechFest Vietnam 2016) in Hanoi on November 12, the Deputy PM held that the startup community is a hub to introduce new products, new market segments and customers as well as unheard-of ideas, with close relations to technology, especially IT.
Along with high risk, startups also have high potential of producing highly valuable products with strong competitiveness, he said, adding that the Government has designed various support policies for the community.

Meanwhile Minister of Science and Technology Chu Ngoc Anh noted that in the wake of the trend and potential of technology and innovation enterprises, the Party and State have focused on the expansion of science-technology market and encourage creativeness startups.

Deputy Prime Minister Vu Duc Dam
Deputy Prime Minister Vu Duc Dam
Vietnam ’s stable creativity index in the recent two years has made the country among top ASEAN countries in the field, said the minister, but pointing that the development of science-technology market has yet to match full potential of domestic supply and demand sources.
He also held that the young startup ecosystem is promising, attracting the regional startup community with an increase number of investors and business incubators, along with more completed legal corridor for startup activities.
In the future, the ministry will work more closely with other ministries, sectors and startup organisations to assist startups at home and abroad to connect components of the ecosystem and learn experience from the international startup community, he said.
The 2012-2016 period is a flourishing stage of startup with considerable rise in both quantity and quality of incubators. Currently, the country has 1,800 startup enterprises, along with 21 incubators and seven business accelerators.
The TechFest Vietnam 2016 attracted about 2,000 participants, including 100 Vietnamese and foreign investors and 100 startup enterprises.
A number of activities will also be held to connect domestic and international investors with startups, honour outstanding startup firms and linking Vietnam ’s startup ecosystem with international ecosystem.
Meanwhile, startup firms will also have chance to recruit human resources from 200 applicants attending the event.
VNA

Other News

Vietnam targets at least 10 large strategic technology firms by 2030

Vietnam targets at least 10 large strategic technology firms by 2030

Deputy Prime Minister Ho Quoc Dung has signed a decision approving a plan to develop large domestic strategic technology enterprises in the 2026–2030 period, aimed at advancing digital infrastructure, digital human resources, digital data, strategic technologies and cybersecurity.

Protecting users crucial in building digital trust: Experts

Protecting users crucial in building digital trust: Experts

In Vietnam, digital transformation in the finance and banking sector is accelerating cashless payments, expanding access to financial services, improving market transparency and supporting economic growth and macroeconomic management.

Fostering skilled workforce for innovation era: experts

Fostering skilled workforce for innovation era: experts

Experts said close coordination among State management agencies, research institutes, universities, and businesses will improve training quality and serve the dual goals of quality education and practical research application.

Startup forum bridges Silicon Valley and local innovation ecosystem

Startup forum bridges Silicon Valley and local innovation ecosystem

The University of Economics Ho Chi Minh City (UEH), Saigon Asset Management (SAM), and Plug and Play Tech Centre co-hosted the “From Vietnam to Silicon Valley” forum, exploring AI innovation, venture capital, and pathways to integrate Vietnam’s startup ecosystem with Silicon Valley and global markets.

Experts call for stronger action against fake news online

Experts call for stronger action against fake news online

Experts have warned that fake news, misinformation and harmful online content are increasingly shaping public perceptions, particularly among young people, and stressed the need for stronger legal safeguards, technology tools and wider dissemination of credible information to tackle the problem effectively.

Protecting digital future in post-quantum, AI era

Protecting digital future in post-quantum, AI era

Participants highlighted the importance of building a proactive, synchronised and sustainable national cybersecurity ecosystem through closer cooperation among regulators, technology firms, research institutions and cybersecurity experts.

Vietnam attends SAHA 2026 defence, aerospace exhibition in Türkiye

Vietnam attends SAHA 2026 defence, aerospace exhibition in Türkiye

Vietnam’s participation in SAHA 2026 International Defence & Aerospace Exhibition in Istanbul reflects the country’s consistent policy of enhancing international defence integration and promoting defence industry cooperation towards self-reliance, self-strengthening, modernisation and dual-use development.

SK Group partners to build AI ecosystem in Vietnam

SK Group partners to build AI ecosystem in Vietnam

SK Innovation and SK Telecom signed MoUs with Nghe An province and the National Innovation Centre of Vietnam to advance AI ecosystem development and support the country’s long-term growth strategy.

Vietnam Research Excellence Fellowship for 2026-2030 approved

Vietnam Research Excellence Fellowship for 2026-2030 approved

Under the Vietnam Research Excellence Fellowship (VREF) for the 2026–2030 period, PhD students are identified as a core research force directly contributing to breakthroughs in sci-tech and innovation. Investing in top-tier doctoral candidates is more than workforce development, but a high-stakes strategic bet to forge a cohort of world-class scientists and technologists who can power Vietnam’s long-term economic ambitions.