Sunwah Innovations and Alibaba Cloud have entered into a partnership to energise the startup community in Viet Nam by facilitating “more vibrant exchanges” among Asian startup ecosystems.

Sunwah Innovations is a member of the Hong Kong-based Sunwah Group, and Alibaba Cloud the digital technology and intelligence backbone of Chinese Alibaba Group.

The two parties said they plan to work together to promote entrepreneurship among Vietnamese youth and provide more support for the Viet Nam's startup ecosystem.

They also plan to communication and exchanges between Vietnamese stakeholders and their international peers, which can boost Vietnamese startups in their journey to global and also support overseas startups to expand their business to Viet Nam.

Vietnamese startups will have opportunities to participate in extensive innovation and technology events hosted by Alibaba Cloud.

Both Sunwah Innovations and Alibaba Cloud said they were committed to supporting academic institutions in Viet Nam nurture digital talent, including future developers.

Speaking at the partnership launching ceremony held on Wednesday, director of Sunwah Vietnam and CEO of Sunwah Innovations Jesse Choi, said: “Sunwah Innovations has been an active player in the Viet Nam’s startup ecosystem and has created a strong network of local stakeholders. We have been positioning ourselves as a resourceful platform for aspiring entrepreneurs, early-stage startups and other stakeholders in the ecosystem.”

“Viet Nam is one of the markets with great growth potential in the Asia Pacific region. As the market continues to transform through technology and digitalisation, the market’s vibrant startup community is even more active than ever”, said Tifi Liu, head of marketing for Alibaba Cloud Indonesia and Viet Nam.

As part of the kick-off for the new collaboration, the “Alibaba Cloud x KrAsia Global Startup Accelerator” Vietnam Demo Day was organised for the first time in HCM City.

The event provided local startups and aspiring entrepreneurs the opportunity to pitch their innovative ideas in person to the most active venture capital firms in Viet Nam. — VNS