Pham Hong Quat, director general, NATEC and Leon Cai, regional director (Ho Chi Minh City), Enterprise Singapore The Vietnamese agency (NATEC) and Enterprise Singapore (ESG) have renewed their cooperation for another two years. What will be the focuses in the next stage? How will it benefit the innovation landscape for Singapore and Vietnam? Pham Hong Quat: Singapore is considered to be the hub of innovation as well as a “paradise” for startups, with startup-friendly policies including subsidies and a range of incubation schemes. With its advanced IT infrastructure, strong government support, intellectual property laws, and deep tech talent pools, Singapore has become a world-leading technology innovation centre. Thus, the cooperation between NATEC and ESG will provide an open space for best practices and know-how sharing, particularly on the crafting and execution of startup and innovation supporting policies, as well as building and operating startup hubs. Through market access programmes and joint events, Vietnamese startups will have a chance to experience and benefit from peer-to-peer learning with their counterparts. Operating in the world’s leading and most vibrant ecosystem, Singaporean startup founders and teams have admirable skills and qualities, for example, creative thinking; entrepreneurship and management skills; fundraising and management; as well as research and development (R&D). Moreover, there will be a high chance that our startups can find great partners or clients in a new market. One of the biggest concerns for Vietnamese startups might be how to get funding from venture capital funds or angel investors and how to manage them wisely, especially during the crisis. Thus, what they need to focus on is acquiring valuable know-how and skills from their counterparts and taking any opportunity to interact and learn from experienced investors and mentors. Leon Cai: The renewed MoU will build on existing partnerships between …
Education
Vietnam to upgrade three provinces into centrally-run cities
The Hanoitimes - The centrally-run cities are major cities being in charge of driving the development of the whole country. The Government has decided to upgrade three provinces into cities affiliated to the government, also known as centrally-run cities, by 2025. Vietnam is expected to upgrade three provincial level cities into national level municipalities. Photo: Kinhtedothi.vn These provinces are the northern province of Bac Ninh, the central province of Thua Thien-Hue and the southern province of Khanh Hoa, which will be added to the list of major cities including Hanoi, Danang, Hai Phong, Ho Chi Minh City and Can Tho. The centrally-run cities are major cities having a developed economy with a political, cultural, economic and social hub. These cities have developed infrastructure and science and technology, many higher education institutions and convenient transportation. They will be in charge of driving the development of the whole country. Bac Ninh province, 30 kilometers from Hanoi, is seen as the center of industrial and export processing zones including industrial parks of HANAKA, Yen Phong, Thuan Thanh, Gia Binh, Que Vo. In 2020, despite having to cope with difficulties and challenges posed by the Covid-19 pandemic, Bac Ninh still managed to make great socio-economic gains. Bac Ninh's economy achieved a growth rate of 1% in the context of a world economic recession, its gross regional domestic product (GRDP) has continued to be expanded to an estimated VND205 trillion (US$8.8 billion), ranking the 7th nationwide, its per capita GRDP is estimated at VND144 million (US$6,222), 2.1 times higher than the national average. Thua Thien-Hue, some 10 kilometers from the beach city of Danang, has set the goal to become a centrally-run municipality by 2025 on the basis of preserving and promoting values of ancient capital’s heritage and Hue cultural identities. The province achieved last year an annual gross …
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Outstanding images of “Hanoi 2020 – Investment and Development Cooperation”
The Hanoitimes - “Hanoi 2020 – Investment and Development Cooperation”conference is being held at the National Conference Center. Hanoi’s major investment promotion conference themed “Hanoi 2020 – Investment and Development Cooperation” is taking place on June 27 at the National Conference Center, with the attendance of Prime Minister Nguyen Xuan Phuc and a large number of audience, including foreign investors and diplomats. Prime Minister Nguyen Xuan Phuc visits booths on the sidelines of the conference. Prime Minister Phuc and the local auothorities view the planning map of the capital city. A number of delegates including senior government officials, ambassadors and diplomatic officers, representatives from international organizations and businesses attend the conference. Secretary of the Hanoi Party Committee Vuong Dinh Hue states at the opening ceremony. Chairman of the Hanoi People’s Committee Nguyen Duc Chung speaks at the event. Minister of Agriculture and Rural Development Nguyen Xuan Cuong delivers a speech at the conference. Minister of Education & Training Phung Xuan Nha speaks at the event Ousmanw Dione, WB country director for Vietnam speaks at the event PM Nguyen Xuan Phuc addresses the conference PM Nguyen Xuan Phuc hands over investment certificates to investors of projects in Hanoi. Photo: Quang Hieu/BGP The event attracts more than 1,300 local and foreign businesses and investors to participate. Hanoitimes reporter interviews a foreign participant Photos: Pham Hung (Kinh te & Do thi) …
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