Unlocking Growth: How Vietnamese Start-Ups Can Tap Global Resources
| Prime Minister Phạm Minh Chính and delegates kick-start Techfest Vietnam 2024. |
Welcome to the vibrant world of innovation! As Việt Nam embraces its thrilling journey in science and technology, the spotlight shines brightly on its dynamic start-up scene. Prime Minister Phạm Minh Chính, during the grand opening of Techfest Vietnam 2024, emphasized the exciting potential for our innovative start-ups to attract investments from global giants and homegrown corporations alike. This is a call to action—let’s unleash the power of technology unicorns!
Taking place from November 26 to 28, Techfest Vietnam 2024 is more than just an event; it’s a celebration of creativity under the theme “Together Accelerating Việt Nam’s Start-up Ecosystem.” This gathering, organized by the Ministry of Science and Technology alongside Hải Phòng City, acts as a dynamic platform for networking, knowledge sharing, and building powerful partnerships between emerging start-ups, savvy investors, and influential stakeholders. The future is here, and collaboration is key!
Minister of Science and Technology Huỳnh Thành Đạt proudly declared that Việt Nam stands as a beacon of innovation in the Asia-Pacific region. Our nation is not just keeping pace; we’re leading the charge with inventive minds that are making waves globally!
In a remarkable boost, Việt Nam’s Global Start-up Ecosystem Index has climbed from 58th to 56th place, showcasing our rise as a dominant force in Southeast Asia—ranking fifth in the region and twelfth in the entire Asia-Pacific! Our Global Innovation Index is also on the rise, jumping four spots to a commendable 44th out of 133 countries. We’re not just participants in the global market; we’re contenders!
“The surge in both quantity and quality of innovative start-ups is undeniable,” Minister Đạt exclaimed, highlighting the bright future of Việt Nam’s entrepreneurial landscape. As we navigate the waves of digital transformation and strive for a greener tomorrow, these innovative start-ups are not just participants; they are the driving force behind sustainable development.
To ensure this momentum continues, supportive initiatives like Project 844 for the national innovative start-up ecosystem and Project 1665 for empowering student entrepreneurs must be expanded. Let’s build a foundation where innovation thrives, bolstering our economy and enhancing our global competitiveness!
Prime Minister Chính reinforced the government’s unwavering commitment to science, technology, and innovation as crucial pillars for rapid and sustainable growth. The era of innovative start-ups is here—a new engine for our economic development!
However, challenges remain. Our leaders recognize the need to overcome resource limitations, outdated thinking, and legal hurdles. It’s time for a paradigm shift—let’s foster a culture of boldness and creativity instead of fearing the unknown!
“Innovative start-ups must be daring—think big, act boldly, and embrace risks!” the Prime Minister implored, calling for a shift from caution to courage. It’s time to break the mold and chase big dreams that benefit not just the individual, but the nation as a whole.
To propel our innovative ecosystem forward, the Prime Minister outlined six game-changing strategies, from refining entrepreneurial initiatives to focusing on emerging fields like the green and digital economies. With the government’s backing, we can ensure that every innovative start-up becomes a powerhouse for economic growth, showcasing Việt Nam’s brilliance on the international stage.
With approximately 4,000 innovative start-ups currently thriving in Việt Nam, including two unicorns, our potential knows no bounds. We have over 1,400 start-up support organizations, 202 co-working spaces, and an impressive network of universities and incubators fueling this entrepreneurial spirit.
Let’s harness this momentum, connect our innovators with vital resources, and champion a new era of creativity and growth. Together, we can build a future where Việt Nam’s start-ups shine brightly on the global stage!
