Creative business idea

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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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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Hospitals have gained in recent years thanks to improved facilities and more strategic partnerships Nipro Pharma Corporation – Japan’s biggest prescription drug contract manufacturer – has nearly completed procedures to increase investment capital by about $270 million to enlarge its facility at Saigon High-tech Park (SHTP) in Ho Chi Minh City so as to increase production volume. “The procedure completion is expected in the next few weeks, thus increasing Nipro Pharma’s total investment there to $570 million,” a SHTP representative told VIR. “Nipro has performed well since it began investment in the park in 2016.” Nipro Pharma is among the Japanese investors which have strong interest in Vietnam’s healthcare sector. Many more are expanding to and in Vietnam, according to the Japan External Trade Organization. Together with Japan, South Korea and the EU also have more sights set on the lucrative local market. Positive signals The healthcare sector has welcomed new investment inflows in recent times, especially in 2020 when a number of new projects were announced despite pandemic restrictions. Late last year, a consortium led by Singaporean sovereign fund GIC acquired a minority stake in Vietnam-based private hospital operator Vinmec, part of Vingroup, for $203.1 million. The year also witnessed VinaCapital using $26.7 million to acquire 30 per cent stake in Thu Cuc International General Hospital; and British Real Capital London’s launch of the $156 million Hong Anh Medical Campus project in Ho Chi Minh City. In addition to foreign investment, new domestic private capital flows into the sector were also reported during the year. Last January the southern province of Tra Vinh licensed the high-tech pharma project from TV Pharma with initial investment of VND650 billion ($28.26 million). A few months later, the Van Phuc-Saigon Hospital and Hoan My General Hospital projects were also kicked off. Elsewhere, the Long An Obstetrics and Pediatrics …

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