Tuoi Tre (Youth) newspaper held a golf competition in southern Vietnam on Thursday in support of start-ups in a bid to spur national development.

The newspaper cooperated with the Vietnam Youth Federation in Ho Chi Minh City to organize the Golf Tournament For Start-Up 2019 in Dong Nai Province, a 30-minute drive from the southern hub.

Around 200 golfers competed in the tournament hosted for the first time to encourage young people to run their own businesses.

“The Ho Chi Minh City chapter of the Ho Chi Minh Communist Youth Union has paid close attention to motivating the young to found start-ups in recent years,” Ngo Minh Hai, deputy secretary of the municipal Youth Union, said at the opening ceremony at Long Thanh Golf Club in Bien Hoa City, which is Dong Nai’s capital.

“This tournament is really meaningful to such young people.”

The organizers appreciated sponsors’ help and the golfers’ participation in the tourney, Tran Xuan Toan, a member of Tuoi Tre’s editorial board, said.

“We hope that this competition will inspire the young and help lay the foundation for a national start-up ecosystem,” Toan said.

Six prizes across all categories were given away while VND300 million (US$12,900) was presented to 14 outstanding start-up owners after the tourney concluded.

Tuoi Tre will organize this tournament annually in order to fund a foundation meant for start-ups in Vietnam, Le The Chu, the newspaper’s editor-in-chief, said at the gala night wrapping the golf competition.

“This tourney will become annual with a view to encouraging people to play sports, connecting businesses with local leaders, and financing a start-up foundation run by Tuoi Tre to support young business owners.”

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