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/ February 26, 2021

Investors confident in Vietnam’s innovative startup ecosystem

Head of the Vietnam representative office of Genesia Venture s Hoang Thi Kim Dung speaks at a workshop on attraction of venture investment capital for innovative startups (Photo: hoilhpn.org.vn) Hanoi (VNA) - Investor s are confident in the potential of Vietnam's innovative startup ecosystem, and believe the country will become a big investment market in the region and the world, according to head of the Vietnam representative office of Genesia Ventures, an investment fund of Japan, Hoang Thi Kim Dung. According to a report published by Do Ventures - a venture capital fund that focuses on making investments in tech startups in Vietnam and Southeast Asia -  in 2020, Vietnam's innovative startup ecosystem ranked third in Southeast Asia, after Singapore and Indonesia. Vietnam’s national innovation startup ecosystem is likely to earn a berth in the top 15 emerging ones in the Asia-Pacific region by 2030, the report said. The Prime Minister in 2016 approved a project to support the national innovative startup ecosystem through 2025 under Decision No. 844/ QD-TTg (Project 844), which was designed to promote and support the formation and development of startup projects or startup enterprises and urgently complete the legal system to support innovative startups. To further promote the development of Vietnam's innovative startup ecosystem in an intensive manner, recently the PM has approved the amending and supplementing of a number of articles in Decision No 844/QD-TTg. Accordingly, an additional target is to build a system of innovation centres to support research and development (R&D) and creative startups, in tandem with ensuring their successful operation with specific, outstanding and highly competitive mechanisms and policies to make sure that they will be on par with other regionally and internationally leveled ones. The green light will be given to developing national creative startup support centres in Vietnam’s three …

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/ February 26, 2021

DPRK reviews ways to achieve economic goals

The meeting, chaired by Kim Tok Hun, the cabinet premier, was convened via a "teleconference system" to discuss a series of important tasks set forth at the party congress and the following parliamentary session, the KCNA said. Discussed at the enlarged plenary meeting was the agenda on "thoroughly implementing the decisions made at the 8th Congress of the WPK (Workers' Party of Korea) and the 2nd Plenary Meeting of the 8th Central Committee of the Party," the KCNA said. Pak Jong Gun, vice premier of the cabinet and chairman of the State Planning Commission, delivered a report at the meeting, highlighting the need to guarantee independence to the country's businesses. The meeting stressed the need to establish "the system of the state's unified guidance over economic work," and the related working "system and order," the KCNA said. The meeting set forth tasks "for taking stronger measures" to complete the planning in accordance with the conditions of the changing reality, productivity, science and technology, ensure economic and legal environments for enterprises' independent and proactive operations, and give full play to their creativity and responses to the changing environment, it said. …

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/ February 25, 2021

VIETNAM NEWS HEADLINES FEB. 25

Buddhists pray online due to COVID-19 outbreak Blood shortage warned as donations postponed due to COVID-19 outbreaks The resurgence of the COVID-19 pandemic in many cities and provinces in recent weeks has seriously affected the blood supply for medical treatment. Although many people and organisations responded to the call of blood donation by the National Institute of Hematology and Blood Transfusion (NIHBT) on February 19, the amount of blood received per day was still only a few hundred units while the average need for treatment each day is from 1,200 to 1,500 units. There is usually a shortage of blood during the Tết (Lunar New Year) holiday as the holiday lasts long while blood has a short shelf life and many patients still need blood transfusions during Tết. This year, the pandemic's resurgence has made the shortage after Tết even worse. Before Tết, 30 entities requested to postpone or cancel blood donation plans which meant the NIHBT missed out on receiving more than 8,000 units. After the holiday, the institute received information about the delay of 24 more blood donation plans from now to the end of March with an expected donation of 5,000 units. In addition, the blood donation schedule in March cannot be confirmed because it depends on the university and college's return to the school schedule. This means the blood reserves of the institute are decreasing. If this situation continues, blood reserves will decrease to an alarming threshold, fell into a state of scarcity and seriously affect the blood supply to health facilities. The Institute’s director Bạch Quốc Khánh said: “The estimated blood demand for emergency and treatment in February and March of the institute is about 50,000 units.” “With blood donation schedules maintained up to now, there was still a shortage of about 20,000 units, seriously affecting the provision of 177 medical facilities in 28 provinces and cities in the north with about 41 million …

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