Tech startup sets new trend

Head of the Department of Software Engineering under the city-based University of Science Dinh Ba Tien said technology is the field that could bring enormous opportunities for businesses to reach out the international market.

However, it requires innovation, passion and selection of suitable models to meet the market’s demand, he added.

Truong Ly Hoang Phi, Director of the Business Startup Support Centre (BSSC), said what discussed during the event are significant to policy making for small-and medium-sized enterprises (SMEs) and startup models.

She suggested enabling young startups to gain access to potential fields, including technology, while building staff with long-term development orientations.

The exploration of technological and innovative projects as well as the encouragement of experienced and influential figures to develop the startup ecosystem in Vietnam are recommended, she said.

Vietnam has about 1,000 startup projects on technology each year. An increasing number of organisations are investing in this field.

HCM City, one of the country’s largest economic hubs, is targeting to expand the number of enterprises in the city to 500,000 by 2020.

Currently, the 12-million-strong southern metropolis has 270,000 registered firms, including 170,000 active ones.

The Ho Chi Minh City Young Businesspeople Association (YBA) has pledged to support 1,000 creative start-up projects between 2016 and 2020.-