Vietnam’s Start-Up Ecosystem: Building Unicorns for a Sustainable Future

Article published on: 28th November 2024

Credit: Vietnam News

In Summary:

At Techfest Vietnam 2024, Prime Minister Phạm Minh Chính emphasized the importance of leveraging both domestic and international resources to strengthen Vietnam’s innovative start-up ecosystem. With over 4,000 start-ups, including two unicorns, and rising global rankings, Vietnam is positioning itself as a dynamic hub for innovation in Southeast Asia.

However, challenges remain, such as limited resources, outdated legal frameworks, and slow infrastructure growth for technology testing. PM Chính outlined six key tasks, including prioritizing the green economy, digital transformation, and fostering entrepreneurship, calling for start-ups to embrace risk, creativity, and collaboration for national development.

Questions to Consider:

• How can Vietnam overcome infrastructure and resource limitations to nurture its growing start-up ecosystem?

• What role should international corporations play in supporting Vietnam’s innovation goals?

• Can Vietnam’s emphasis on the green and digital economies set a global benchmark for sustainable innovation?

For the full article, visit the original post on: Vietnam News: Innovative Vietnamese start-ups must draw resources from international and domestic corporations: PM