Ba Ria – Vung Tau (VNA) - The People’s Committee of Ba Ria – Vung Tauis working with the non-profit Startup Vietnam Foundation (SVF) to support newbusiness and boost economic growth in the province.

During a conference on startups attended byofficials and businesses late last week, the two parties signed an agreement topromote financial aid and other investment channels, and to enhance networkingbetween investors and customers.

The People’s Committee and SVF plan todevote resources to counselling and managerial training programmes, and build anetwork of investors to aid startups.

Nguyen Thanh Long, deputy chairman of thecommittee, said the province was already seeing numerous ambitious andinnovative start-ups.

He asked departments, organisations andbusinesses to keep track of startup needs and assist them as much as possible.

Startup support policies are part of theprovince’s plan to develop an innovative startup community that uses theprovince’s indigenous ingredients (“Made in Ba Ria – Vung Tau” products) anddemonstrates their quality to other regions in Vietnam.

Some companies in the province have becomefamous for promoting “Made in Ba Ria – Vung Tau” ingredients, such as FornyLtd, a local company that produces honey and turmeric powder whose products arenow sold at pharmacies all over Vietnam.

The company was among the first in theprovince to produce turmeric powder after conducting lengthy research ontechnologies, material purchases and production chains.

The company Amazon Food Ltd is also well knownfor producing cocoa products that use only ingredients from Ba Ria – Vung Tau,which has contributed to their reputation in Vietnam as well as Japan. – VNA