First venture summit opens in HN

Illustration photo

Minister of Planning and Investment Nguyen Chi Dung said that there were over 3,000 start-ups in Viet Nam in 2018, making the third largest in Asia. Over the last three years, total investment in start-ups surged sharply. Start-up absorbed US$ 899 million of investment in 2018, up three times against that in 2017 and five times against that in 2016. 

The Vietnamese Government regards innovation as a driving force for growth in the coming time. Vietnamese management agencies have spared no effort to provide incentive policies and reform regulations to support start-ups. 

Minister Dung revealed that the MoPI is working with relevant agencies to build and develop a national innovation center.

Hence, the summit will introduce Viet Nam’s business environment, start-up ecological system and the National Innovation Centre to participants, and acquire investors’ suggestions regarding the government’s support and others. 

Discussions will focus on support and demand in financial technology, artificial intelligence and e-commerce, and experience in expanding business operations globally. 

Minister Dung hoped that the summit will be held annually to promote innovation and encourage domestic firms to form venture funds./.

By Kim Anh