GIZ project to nurture German startup ideas in Vietnam
German development agency GIZ on February 26 hosted a virtual event called “Innovate for Impact” to attract new business ideas from German alumni who are interested in applying them in Vietnam.
German development agency GIZ on February 26 hosts a virtual event called “Innovate for Impact” to attract new business ideas from German alumni who are interested in applying them in Vietnam. (Photo: VNA)
Hanoi (VNA) – German development agency GIZ onFebruary 26 hosted a virtual event called “Innovate for Impact” to attract newbusiness ideas from German alumni who are interested in applying them inVietnam.
Part of the 12-month project “Business Ideas forDevelopment”, the event aimed to connect successful entrepreneurs with German alumniwho wish to do business in Vietnam this year.
It will be followed by a start-up training course “BusinessIdeas for Development” (BID Vietnam 2.0). The three most outstanding impactstart-up ideas will go through to thenext rounds – start-up consultation and start-up acceleration – which will takeplace in March 2023.
BID, a component of the GIZ’s Programme Migration andDiaspora (PMD), provides knowledge and consultation for German alumni totranslate their innovative ideas and what they had learnt in their country intoreality for sustainable development goals in Vietnam.
Pham Ngoc Linh from GIZ said the in the first year, BID supportedmore than 20 German alumni and provided training for five startups with themost sustainable impact ideas in the fields of agriculture, tourism andenvironment.
Four had received 5,000 EUR (about 5,640 USD) each in funding to establishtheir business, develop brands and conduct trial production, Linh said./.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
German development agency GIZ on February 26 hosts a virtual event called “Innovate for Impact” to attract new business ideas from German alumni who are interested in applying them in Vietnam. (Photo: VNA)
