The Government has issued a decree outlining a series of preferential mechanisms and policies, including certain foreign nationals not needing work permits, aimed at fostering the development of the National Innovation Centre.
Vietnamese start-ups are making important strides in developing green technology solutions to protect the environment and promote sustainable development.
To maximise the effectiveness of the regulatory sandbox in Việt Nam, a more flexible legal framework, enhanced inter-agency coordination, and financial support from both the public and private sectors are necessary.
Việt Nam has attracted US$529 million in venture capital from investors into the country''s young start-up ecosystem in 2024, despite challenges in the market.
Việt Nam has emerged as a key player in the development of Generative AI (GenAI), securing the second position in ASEAN for the dynamism and growth of its GenAI start-ups, according to the ASEAN GenAI Start-up Report 2024.
Many young start-ups have exploited folk culture to develop their businesses. Tradition silk and linen clothes are very popular. Designers have d their trademarks not only in Việt Nam but also by exporting them to other countries.
The development of a separate decree on innovation and innovative start-ups is underway with an aim to leverage innovative start-up firms to a new height.
Supportive policies under the National Assembly’s Resolution 98 that took effect in August last year, if implemented well, will promote the start-up ecosystem in HCM City to develop even more strongly, experts said.
Currently, the management on innovative start-ups is integrated into the Law on supporting small and medium – sized enterprises while the purposes of innovative start-ups and SMEs are not the same.
Under the GIA programme, Singapore-based tech start-ups are able to ease their market entry through workshops, mentorships and connections with potential clients and partners.