‘Vietnam’s creative startup ecosystem becomes a global bright spot’

The opening ceremony of the National Innovation Startup Festival (Techfest Vietnam) 2024 with the theme “Joining hands to develop a creative startup ecosystem” was held in Hai Phong on the afternoon of November 27.

From 1:30 p.m., the Prime Minister, Party and State leaders, ministries, branches, localities, and thousands of delegates from domestic and international organizations and the creative startup community were present at the event.

The program began with the opening speech of Minister of Science and Technology Huynh Thanh Dat. He cited the results of the past decade as showing that Vietnam’s creative startup ecosystem has developed strongly, promoting the emergence of pioneering businesses applying new technology and new business models. , ready to compete in the global market.

The Minister said that in 2024, Global startup ecosystem index of Vietnam has increased two places from 58th to 56th position (ranked 5th in Southeast Asia and 12th in the Asia Pacific region).). Global Innovation Index continuously improved over the years; 2024 will increase 4 places compared to 2022, ranking 44/133 countries and economies. “Thanks to a strongly developed creative startup ecosystem, Vietnam is emerging as one of the dynamic emerging economies and a development center for startups in the Asia-Pacific region. Duong,” the Minister said.

According to the Minister, the process of developing Vietnam’s startup ecosystem has witnessed a significant increase in quantity and quality. From the first steps, Vietnam’s creative startup ecosystem has risen to become a bright spot not only in the region but around the world.

He affirmed that the role of creative startups is central in forming a strong national ecosystem, constantly connecting with international resources, thereby elevating Vietnam in the global value chain. bridge.

To continue to maintain the momentum of development and continuous innovation, the Minister affirmed that he will work with ministries, branches and localities to advise the Government and the Prime Minister to continue improving the legal framework and designing mechanisms. Appropriate support mechanisms to create favorable conditions for innovative startups to operate effectively in the global business environment.

The Minister emphasized international cooperation solutions to diversify resources, support innovative startups to access and absorb new and advanced technologies in the world, with support from domestic and foreign corporations, multinational corporations, and global investment funds.

After the opening speech of the Minister of Science and Technology, there was a welcome from Mr. Lim Jungwook, Deputy Minister, Ministry of Small and Medium Enterprises & Startups of Korea. He also shared his experience in building policies to develop Korea’s creative startup ecosystem and support and cooperation activities for startup ecosystems between Korea and Vietnam.

In the next part, Mr. Nguyen Ba Diep, co-founder of MOMO – a Vietnamese technology unicorn, shares about SME Enterprises – Innovative startups in the startup ecosystem and challenges for startups in the growth period. growth and market expansion.

Techfest Vietnam is one of the key events hosted by the Ministry of Science and Technology, to promote the national innovation startup ecosystem according to Decision No. 844/QD-TTg of the Prime Minister. Since 2015, Techfest Vietnam has been held in Hanoi, Ho Chi Minh City, Da Nang, Binh Duong and Quang Ninh…

This year the program is coordinated with the People’s Committee of Hai Phong City, implemented by the Department of Science and Technology Enterprise and Market Development (Natec), Department of Science and Technology of Hai Phong City. The event took place at Pullman Hotel, 12 Tran Phu, Ngo Quyen District, Hai Phong.

The program is the largest annual event for creative startups in Vietnam to gather experts and reputable startup support organizations at home and abroad to provide directions for developing the startup ecosystem. creative.