A forum connecting Vietnamese startups in the United States and Viet Nam, themed “Lessons from Silicon Valley: Viet Nam’s path to startup success,” was organised in San Francisco City on Saturday.

Speaking at the event, vice chairman of the State Committee for Overseas Vietnamese (SCOV) Luong Thanh Nghi stressed that innovative startup is a growing trend, and many Vietnamese-invested enterprises in the United States have gained success.

However, to reap more benefits, these enterprises need closer connectivity and coordination, Nghi suggested.

The SCOV wants to build a network of Vietnamese startups in the United States and Viet Nam, he said, adding that a similar forum will be held in HCM City in January 2018 to foster links among startups both in and outside Viet Nam.

Secretary of the HCM City Party Committee Nguyen Thien Nhan said the forum is a valuable opportunity for enterprises from the city and the US to exchange business co-operation and investment opportunities.

HCM City wants to learn from experiences of startup enterprises in the US to implement appropriate measures to speed up the startup movement in the city, he said.

Nhan told participants that the municipal authorities recently announced a project to turn HCM City into a smart city.

Therefore, there are more investment opportunities in the city for foreign businesses, including those invested by Vietnamese in the US.

At the forum, representatives from successful Vietnamese startups in the US shared their experiences and lessons on investment, business strategies and how to select development orientations. — VNS