Vietnam has issued major guidelines, policies and orientations to develop innovation and startups, as the Party and State always consider science-technology and innovation as a “strategic breakthrough” and a “main driving force” to create improvements in productivity, quality, efficiency and competitiveness of the economy.

Vietnam maintained its third position in the number of investment deals and regained the third place in terms of total investment in startups in Southeast Asia.

VVice Chairman of the Da Nang city People’s Committee Tran Chi Cuong on April 11 hosted a reception for ambassadors of the European Union (EU)’s member states who came to study the investment climate in the locality.

Ho Chi Minh City has the most dynamic innovation and start-up ecosystem in the country, so there is a lot of room for start-up and innovation activities, said Chairman of the municipal People's Committee Phan Van Mai on March 28.

A delegation of representatives from 14 international financial institutions led by Maybank Investment Banking Group (MIBG) recently visited Vietnam to learn about the local market, according to the Vietnam Chamber of Commerce and Industry (VCCI).

Many technology talents have been returning to Vietnam after studying abroad, helping fuel not only domestic electronics supply chains but also the fast-growing digital economy.

As many as 20 million Vietnamese youths will receive support to improve their digital business capacity and develop their startups under a programme launched by the Supporting Centre for Youth’s Startup, and the Centre for Enabling Startups and Knowledge Transfer and the Centre for Student Support under the Vietnam National University - Hanoi, in Hanoi on December 20.

Hanoi has been honoured for its attractiveness in startup and innovation under the Vietnam Smart City Award 2023 programme series.

Prime Minister Pham Minh Chinh has said startup and innovation must be considered as a crucial political task that contributes to promoting robust economic growth, enhancing competitiveness edge and efficiency of production and business, increasing labour productivity, and opening up a new development space.

Vietnam’s startup spirit was honoured at an event recently held at Nasdaq headquarters in New York, the US, by VietChallenge, a non-profit organisation led by Vietnamese professionals and entrepreneurs in the US.