14 million USD worth of investment pledged in Techfest 2020
The Techfest Vietnam 2020, which wrapped up on November 29, saw over 120 connections and about 14 million USD worth of investment committed for innovative and startup projects.
The Techfest Vietnam 2020 wraps up on November 29. (Photo: VNA)
Hanoi (VNA) – The Techfest Vietnam 2020, whichwrapped up on November 29, saw over 120 connections and about 14 million USD worthof investment committed for innovative and startup projects.
This year’s three-day Techfest featured about 40 events, such asconferences, seminars, forums and exhibitions, which attracted a total of 6,500participants. All of its live-streamed events had at least 35,000 viewerstuning in.
In his remarks at the closing ceremony, Deputy Minister ofScience and Technology Tran Van Tung said, despite adverse impacts of theCOVID-19 pandemic, Vietnamese young generations have been ceaselessly working creatively andovercoming hardships to make breakthroughs.
The event reflects the development of Vietnam’s innovativeand startup ecosystems which have step by step kept up with the global stage,Tung said, adding that he wants to welcome more foreign investors, experts andinternational organizations to participate, share experience and seekpartnerships at the next year’s event.
Themed ‘Respond – Transform – Breakthrough,” the event wasstructured into 12 technology villages: Medical Technology, AgriculturalTechnology, Educational Technology, Tourism and F&B Technology, FrontierTechnology, Financial Technology, Smart Cities, Social Impact, StudentStart-ups, Local Start-ups, Community and International village.
It gathered close to 300 enterprises and startupaccelerators who exhibited a wide range of innovative ideas and products, manyof which have been developed by students from domestic vocational trainingcentres./.
The start-up festival Techfest Mekong 2020 opened in the Ben Tre city of the Mekong Delta province of the same name on November 21, with over 120 exhibitors taking part.
The largest events of the year regarding startups and innovation in HCM City are set to run from November 23 to 28, the municipal Department of Science and Technology said on November 23.
It is necessary to create the best environment for innovative startups and startup ecosystem, Prime Minister Nguyen Xuan Phuc said at a dialogue with investors, experts and entrepreneurs in Hanoi on November 27.
With the government's strong direction and active participation from businesses and citizens, national digital transformation is deepening, with a focus on building a digital government, economy, and society.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
The Techfest Vietnam 2020 wraps up on November 29. (Photo: VNA)
