JavaScript is off. Please enable to view full site.

Vietnamese premier promises support for young startups

Friday, November 30, 2018, 15:59 GMT+7
Vietnamese premier promises support for young startups
Vietnamese Prime Minister Nguyen Xuan Phuc smiles the Youth Startup Forum in the central city of Da Nang on November 29, 2018. Photo: Tuoi Tre

Vietnamese Prime Minister Nguyen Xuan Phuc pledged he would provide favorable conditions to young businesses and startups at a forum in the central city of Da Nang on Thursday.

PM Phuc delivered a speech at the Youth Startup Forum, a program organized by the Central Committee of the Ho Chi Minh Communist Youth Union and the Vietnam Youth Federation.

The premier referred to the event as a helpful dialogue channel between the government and young intellectuals for seeking effective paths to boost startups and innovative projects.

The Youth Startup Forum in Da Nang City on November 29, 2018. Photo: Tuoi Tre
The Youth Startup Forum in Da Nang City on November 29, 2018. Photo: Tuoi Tre

“The government commits all possible support for young businesses and startups across the country to thrive in the near future,” PM Phuc remarked.

He assigned relevant ministries and agencies to consider constructive policies and mechanisms to create a legal framework and a level playing field for up-and-coming startups. 

The Ministry of Science and Technology was asked to acquire startup ideas to submit to the premier.

Prime Minister Nguyen Xuan Phuc answers questions from participants. Photo: Tuoi Tre
Prime Minister Nguyen Xuan Phuc answers questions from participants. Photo: Tuoi Tre

During the gathering, participants discussed the strengths and shortcomings of young Vietnamese startups, the efficiency of support centers in Vietnam, and relevant policies and mechanisms.

They also suggested measures to create breakthroughs in the development of Vietnamese startups based on lessons and successful models in other countries.

Le Quoc Phong, First Secretary of the Central Committee of the Ho Chi Minh Communist Youth Union, highlighted some existing challenges to local startups, namely incentives, capital, and investment mechanisms.

Such a forum is necessary for the startup community to discuss and suggest solutions to these obstacles, Phong said.

Participants at the forum. Photo: Tuoi Tre
Participants at the forum. Photo: Tuoi Tre
Participants at the forum. Photo: Tuoi Tre
Participants at the forum. Photo: Tuoi Tre

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Duy Khang / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news