More than 500 startup projects have been launched in Ho Chi Minh City in the first six months of this year, heard a recent conference of the municipal Party Committee.
More than 500 startup projects have been launched in Ho Chi Minh City in the first six months of this year (Source: VGP)
HCM City (VNA) – More than 500startup projects have been launched in Ho Chi Minh City in the first six monthsof this year, heard a recent conference of the municipal Party Committee.
In the first half of this year, the cityprovided support in terms of finance, administrative procedures, technologiesand personnel training for 439 startup projects.
According to Vice Chairman of the municipalPeople’s Committee Le Thanh Liem, the city aims to have 500,000 enterprises by2020.
HCM City has paid attention to innovationand startups to improve economic growth quality, he said, adding that thesouthern economic hub issued regulations supporting startups, rolled out planscompleting the startup ecosystem and assisted small-and medium-sizedenterprises.
There are 13 venture investment fundsconnected with the city to aid local startups, Liem said.
The HCM City Young Businesspeople Associationsaid it will support 1,000 startup projects during 2016-2020.
During January-June, the city’s economy grew7.76 percent, compared with 7.47 percent in the same period last year. -VNA
The Mekong Innovative Startup Tourism (MIST) on March 9 announced two incubation programmes to support innovative firms in tourism in Vietnam, Cambodia, Laos and Myanmar.
Prime Minister Nguyen XuanPhuc has assessed that the business and investment environment of Vietnam has been effectively supporting the development of enterprises, pointinga high number of startups and profitable firms
The Creative Lab jointly developed by UP Co-working Space and Hanoi Creative City will debut on June 25 in the Hanoi Creative City Complex at No.1 Luong Yen Street, Hanoi.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
More than 500 startup projects have been launched in Ho Chi Minh City in the first six months of this year (Source: VGP) 
