HATCH! Fair, Viet Nam's first fair for start-up businesses, will be held in Ha Noi on December 21-22 to promote the country's developing business community.— Photo pandora

HA NOI (Biz Hub)— HATCH! Fair, Viet Nam's first fair for start-up businesses, will be held in Ha Noi on December 21-22 to promote the country's developing business community.

The fair will introduce a range of projects and potential business partners to interested investors in the hopes of encouraging cooperation and partnerships.

Economists have said that domestic businesses lack experience and need support to successfully compete on international markets.

Of note, statistics reveal that only 20 per cent of the 300,000 new businesses that open annually survive beyond their first three years.

HATCH! Programme Director Pham Quoc Dat said businesses need to proactively explore alternative funding sources from their very beginnings if they wish to avoid the perpetual struggle to survive. HATCH's products and services can help businesses take that first step.—VNS