He said the startup spirit has become popular in Vietnam, and stressed that innovation of more than 100 million Vietnamese people, both at home and abroad, should be regarded as new, endless resources that need to be fully tapped.

Prime Minister Nguyen Xuan Phuc at Techfest 2020.

The leader, however, pointed out the incomplete domestic startup ecosystem, along with obstacles regarding mechanisms and resources, particularly capital.

Supporting startups will be a top priority of the Government, he said, pledging to hold more dialogues and step up the communications work in order to devise financial mechanisms and carry forward the role of private investment funds.

During the dialogue, held within the framework of the national innovative startup day Techfest 2020, participants also touched upon such issues as digital transformation, opportunities, and role of youngsters in startup and high-quality human resources.

Nguyen Anh Tuan, First Secretary of the Ho Chi Minh Communist Youth Union Central Committee and President of Vietnam Youth Federation, said ministries and agencies have adjusted a wide range of policies to facilitate startups.

Apart from various programmes of the Government and ministries and agencies, localities have also made decisions and rolled out plans and programmes to support startups in general and innovative startups in particular, he said.

Recruitment startups bag millions of dollars

Vietnamese recruitment startups have raised tens of millions of dollars in the last six months despite coronavirus impacts on the economy.

Vietnam leaps in startup ecosystem ranking

Vietnam has moved up 13 places from last year to 59th in ranking of 100 economies with the best startup ecosystems.

Startup journies in “village of guest workers”

(BGO) –The mountainous village of Tam Di in Luc Nam district, Bac Giang province recalls the homeland of numerous guest workers to Republic of Korea, Japan or Taiwan (China). Amid the huge wage of working abroad, several youths decided to stay at home and make their own start-up.

Source: NDO/VNA