NIC Director Vu Quoc Huy said that during discussion sessions, speakers discussed urgent issues related to innovation and startups in the region and Vietnam, thus providing multi-dimensional perspectives to guide investment strategies for startups in the Southeast Asian nation.

A model displayed at the Vietnam International Innovation Expo 2023.

Deputy Minister of Planning and Investment Tran Duy Dong said that Vietnam faces a lot of challenges and also opportunities.

To take advantage of opportunities, it is necessary to clearly understand the challenges, Dong stated. That is why they chose the theme "Innovating through Adversity: Strategies for a Transformative Vietnam”.

Delano Musafer, Head of Asia-Pacific Capital Markets on the New York Stock Exchange, said that Vietnam has emerged rapidly not only in Asia but also in the global market. Many investors are paying attention to quality companies with strong transformation strategies and high growth rates, and that is a positive signal for Vietnam as it provides a clear strategy for domestic and foreign markets.

The Vietnamese innovation and startup ecosystem is on the rise, now ranked 46th out of the 132 countries and economies according to the 2023 Global Innovation Index. It is one of the three countries with innovation results superior to the level of development for 13 consecutive years.

Vietnam's startup ecosystem has increased from the fifth to the third position among the top six economies in Southeast Asia, reflected in the ratio of capital invested in the innovation startup market as well as the number of investors and investment funds operating in the country.

In the first half of this year, investment in the technology sector in Vietnam still ranked third in Southeast Asia, with a total capital of 413 million USD.

Overseas investment efficiency of Vietnamese enterprises

According to a recent report submitted by the Government to the National Assembly, the total foreign investment of Vietnam’s state-owned enterprises reached 6.6 billion USD as of December 31, 2022.

Vice President praises women at Ministry of Planning and Investment

Vice President Vo Thi Anh Xuan hosted a reception for outstanding female employees of the Ministry of Planning and Investment (MPI) on October 19 to mark the occasion of Vietnamese Women’s Day.

Bac Giang highly focuses on increasing budget revenue and disbursing public investment capital

BAC GIANG - The Chairman of the Bac Giang provincial People's Committee (PPC) Le Anh Duong on October 19 chaired the regular PPC meeting in October.

Total development investment capital hit over 54 trillion VND

BAC GIANG - According to the Department of Statistics, the development investment capital in Bac Giang province in the third quarter was estimated at over 20.8 trillion VND (875 million USD), up 4.76 percent, bringing the total development investment capital in the area in 9 months to over 54 trillion VND, an increase of 7.35 percent over the same period.

Vietnam – poweful magnet for foreign direct investment

Vietnam has become one of the leading countries in Southeast Asia in attracting foreign direct investment (FDI), according to an article published on September 21 on the website gfmag.com of Global Finance Magazine.

Source: VNA