|Deputy Prime Minister Hue made the statement at a seminar on Viet Nam’s start-up ecosystem and lessons from Israel in Ha Noi on September 21.— Photo VGP|
HA NOI(Biz Hub) — Deputy Prime Minister Vuong Dinh Hue affirmed that a start-up ecosystem seminar is an opportunity for the Vietnamese Government and Ha Noi to learn from Israel, a successful start-up nation.
Deputy Prime Minister Hue made the statement on September 21 at a seminar on Viet Nam’s start-up ecosystem and lessons from Israel held by Ha Noi People’s Committee, Israel’s Embassy and the FPT corporation.
The Deputy PM said Viet Nam could learn from Israeli experts about building an entrepreneurship ecosystem at the macro and micro levels by focusing on specific policies in several key sectors.
Hue said it was expected to propose action plans for the building of a start-up ecosystem in Viet Nam and affirmed the Government’s commitment to supporting the start-up ecosystem to create a start-up nation and strengthen relations between Viet Nam and Israel.
Hue hoped that Ha Noi will become a pilot location to outline suitable policies so as to make it a start-up centre of Viet Nam.
The investment climate has improved compared in the last seven years. More foreign investment funds are pouring capital into Viet Nam and more start-up businesses are being established. Hue noted that this year, Viet Nam has seen 10,000 new businesses established each month.
He warned that authorities and the start-up community need to be associated with innovation and have a close relationship with high-tech development. He said the process of starting a business was relentless. Corporations and big cities needed to support start-up businesses.
Vo Tran Dinh Hieu of Dragon Capital Group told participants that the Government and the Ministry of Planning and Investment needed to issue a circular on foreign venture capital funds for start-up businesses.
At the seminar, Israeli speakers shared their experiences in starting a business in Israel.
Esther Barak Landes – Founder and CEO Nielsen Innovate Fund, who has years of experience in finding and investing in start-up businesses, outlined an overall picture of the current status of Israeli start-up businesses.
Landes said Israel had innovative strategies to develop start-up companies. Israel conducted policies to encourage start-up businesses, especially start-up companies in the technology sector. It has also provided programmes and funding from the government, tax incentives for business, trade agreements, and technology incubators.
Avi Luvton, Executive Director of International Cooperation Programs for the Asia Pacific Department at the Israel Innovation Authority said Israel was not similar to Viet Nam in that it does not have natural resources, including water shortages. Therefore, Israel had to develop start-ups.
Avid said Israel became the world’s number one start-up nation and continued to innovate as were no other solutions for Israel. This became motivation and fuel to enable Israel to create a start-up ecosystem.
Also at the seminar, the Vietnam Innovative Startup Accelerator launched its website for select start-up businesses in technology in Southeast Asia. Start-up companies can register for the website at www.viisa.vn.
Start-up nation by 2020
Vietnamese policymakers are embracing an ambitious plan to turn the country into a start-up nation in the next four years.
Recently, the Vietnamese government approved a package of initiatives aimed at paving the way for a boom in technology start-ups
Under the project, the government will provide legal and financial support for an estimated 2,600 start-ups across the country over the next 10 years.
The government plans to launch an online portal that will keep start-ups updated about technologies, policies and funding.
The government will also set up co-working spaces where startup companies can gain access to operational infrastructure at low costs.
Start-ups will even receive financial support from the government for training, product testing and marketing.
The Ministry of Planning and Investment has developed a set of incentives that will draw local and foreign venture capital funds into the country. — VNS
- Japanese firm to start road tech initiative in Dublin
- RPC creates working group to include Southern in ecosystem talks
- Innovative Blockchain Development Solutions by TechAhead
- Reading deputy police chief sworn in after 7 months on the job
- 2nd suspect charged in death of Texas sheriff's deputy
- One Central developers press for transit hub legislation
- Salmon season off to a mixed start in Alaska
- Apartments aren’t just for Downtown. Multifamily development shifts to the suburbs.
- How to Measure Performance of Your Outsourced Developers
- Tomball creates public improvement district for 105-acre residential development
- Roku starts move into modern San Jose headquarters campus
- Heat streak returns with a few PM severe storms
- POLITICO Playbook PM: Trump sows confusion on the census
- Minnesota’s startup ecosystem
- Hartford council pres. Thames named DECD deputy
- Cooler start to a calmer week ahead
- Airbnb spawned ecosystem to sweat the details
- Long Beach provides update on 10-year blueprint for city’s economic development
- POLITICO Playbook PM: Trump welcomes Biden with a punch in the mouth
- Athens Resonates Aims to Enrich the Local Music Ecosystem
VN must develop start-up ecosystem: deputy PM have 844 words, post on bizhub.vn at September 21, 2016. This is cached page on Talk Vietnam. If you want remove this page, please contact us.