Deputy Prime Minister Vuong Dinh Hue speaks at the workshop (Photo: baocongthuong.com.vn)
HCM City (VNA) – A ಞworkshop was held in Ho Chi Minh City on June 7 to develop capital market for startups.
Addressing the event, Politburo member and Deputy Prime Minister Vuong Dinh Hue said the private economy constitutes an important driving force for the country’s socio-economic development.
The Party and State will create all favourable conditions for startups to do business, he added.
He suggested building a proper legal framework and support activities for startups, while calling on them to promote dynamisim and creativity and engage in investment funds.
The State and Government will be responsible for establishing and improving institutions to assist small- and medium-sized enterprises (SMEs), especially private businesses, he said.
However, he noted that the “start-up” idea is still novel in Vietnam , so there are a lot of restrictions in the field, adding that one of the biggest challenges is finding capital sources for startup activities.
As banks do not easily provide financial assistance for venture activities, startup businesses themselves must spend a large amount of money to do business before receiving backing from investment funds.
Experts also shared successful startup models from other countries, saying the Vietnamese Government should build an investment fund to support startups.
A clear and transparent institution is essential to ensure the effective implementation of the fund in line with the market economy’s principles and international practices, they said.
Participants also proposed the Government put forth policies to attract venture investment funds to Vietnam while establishing stock exchanges specifically designed for startup activities.
More than 900,000 businesses nationwide have registered for operation, but only 528,000 are operating and receiving tax codes. The Government sets the goal of doubling the current number to one million by 2020.-VNA
The Embassy of Israel in Vietnam, the Ministry of Science and Technology and the Centre of Business Studies and Assistance will co-organise a start-up contest entitled Start Tel Aviv 2016.
The Vietnam Youth Federation in Ho Chi Minh City on May 17 announced the establishment of the HSIF with capital of 30 billion VND (1.34 million USD) in the initial stage.
A global business start-up contest is being organised for the first time in Vietnam to offer high school and university students in the country a chance to win money and support for their ideas.
As many as 100 excellent businesses in various fields nationwide were honoured with a Young Startup Entrepreneur Award 2016 at a ceremony in Hanoi on June 4.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
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.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
Deputy Prime Minister Vuong Dinh Hue speaks at the workshop (Photo: baocongthuong.com.vn)
