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VCCI announces winner of National Start-up Competition 2017

Released at: 14:17, 16/01/2018

VCCI announces winner of National Start-up Competition 2017

Photo: Hai Van

H'Mong Yen Bai Chicken Farm Project picks up first prize.

by Hai Van

The Vietnam Chamber of Commerce and Industry (VCCI) announced the winner of the National Start-up Competition 2017 and kicked off the Start-up Festival 2018 on January 12.

Of six contestants, the H’Mong Yen Bai Chicken Farm Project of the Vietnam National University of Agriculture won first prize.

The project aims to maintain and preserve the H’Mong chicken breed in Vietnam.

Addressing the ceremony VCCI Chairman Dr. Vu Tien Loc said the first startup festival was launched five years ago.

“Four months later the final contest was held with the best projects,” he remembered. “Myself, my colleagues , the Vietnam Business Forum newspaper, and other partner organizations such as the Ministry of Foreign Affairs, the Ministry of Labor, Invalids and Social Affairs, and the Ho Chi Minh Communist Youth League lit the flame for students at universities and colleges throughout the country. VCCI, as the national startup support center, raised the first flame for startups in Vietnam.”

Dr. Loc also officially announced the Mai An Tiem award, an annual prize for startup projects and startup businesspeople in Vietnam.

Upon receiving the National Start-up Competition 2017 award, Mr. Nguyen Thanh Binh, representing the H’Mong Yen Bai Chicken Farm Project, said all members were very happy as the project has received attention from investors.

Mr. Trieu Van Duong, Chairman and General Director of PTI Educational Institution, will invest VND100 million ($4,413) in the project, or a 35 per cent stake.

Mr. Tran Manh Bao, Chairman and CEO of the Thai Binh Seed Corporation, is also willing to support 50 per cent of the required finance without receiving shares, in order to support facilities at the project.

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