Update: 14:26 | 30/11/2018
Prime Minister Nguyen Xuan Phuc attended the opening ceremony of the national start-up day ‘Techfest 2018’ in the central city of Da Nang on November 29, affirming the government’s support for young start-ups.
The Government is strongly committed to protecting intellectual property rights and providing capital to help young people realize their start-up dreams in the future, he said.
Prime Minister Nguyen Xuan Phuc (second from right) visits an exhibition booth at Techfest 2018's opening ceremony.
The PM stressed that start-up programmes will help the country reach its target of each person earning 18,000 USD per year by 2045 when Vietnam celebrates the 100th anniversary of the Independence Day.
Start-up programmes in Vietnam have achieved goods results with 93 Vietnamese start-ups worldwide, he said, adding the innovation in start-up programmes is seen as a valuable resource.
News and information related to start-ups and innovation have been among the top keywords searched for on Google in Vietnam recently. It clearly shows that start-up and innovation have become a major interest among Vietnamese people, the PM said.
The PM urged young people and students to think big and take risks in turning their desires and dreams in business start-ups.
The Techfest 2018, entitled ‘Innovation, from Here to Global’, has 4,500 participants taking part in a series of activities to connect investors with enterprises.
The annual event, which began in 2015, has attracted 40 investment foundations creating 40 business incubator centres and 60 co-working spaces nationwide.
According to the latest report, Vietnam has 3,000 innovative start-up businesses, and the figure will increase to 5,000 by 2020.
The 2015 Techfest earned one million USD in commitment from investors before increasing to 4 million USD in 2017.
The event continues with start-up contests, panel discussion, exhibitions and business matching on November 30.