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Vietnam Today

APEC Startup Forum a new element of APEC 2017

Released at: 16:27, 22/03/2017 APEC Viet Nam 2017

APEC Startup Forum a new element of APEC 2017

Photo: Hai Van

Forum to be held in HCMC on September 13.

by Hai Van

The APEC Startup Forum, to be held on September 13 in Ho Chi Minh City, is a new event being held within APEC 2017, Mr. Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), told a March 21 press conference on business activities within APEC 2017.

“We invited the Director of Facebook to attend the APEC Startup Forum and he will attend,” Mr. Loc said.

The goal of the forum is to promote creative ideals and start up ideals among young businesspeople, he explained. 

Its main content will relate to the startup ecosystem of APEC, community eco-systems, and the startup index of APEC. High-tech agriculture and startup training are also important elements of the forum.

Finance for startups (credit guarantee funds, venture capital funds, angel investors, support to startup programs) will also be discussed.

The APEC Startup Forum is expected to be the largest international startup forum in Vietnam. Vietnam is actively building up a country of startups. While its startup spirit is among the Top 20 globally, its management capacity is in the bottom 20, Mr. Loc said.

Vietnam will share its success in startups along with how they will gain more startup experience from international countries.

Mr. Loc also spoke of the content of the APEC Business Advisory Council (ABAC) meeting. The first meeting will be held in Thailand. Five topics are up for discussion, the first of which is economic integration.

ABAC will continue to develop initiatives and recommendations to support the WTO, promote the formation of the Asia-Pacific Free Trade Area, promote the service agenda, and continue the liberalization and facilitation of trade and investment.

It will also connect regions through three main ways: institutional connections, human connections, and facilities connections.

It will also propose enhancing energy security and sustainability, promoting food security (cutting down non-tariff barriers to food trade), and the sustainably exploitation of resources.

It will also discuss solutions to support micro, small and medium enterprises (MSMEs), to create opportunities for MSMEs to take part in global chains.

The final topic is finance and economic cooperation.

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