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Hanoi Innovation Summit 2019 held

Released at: 17:21, 29/08/2019

Hanoi Innovation Summit 2019 held

Photo: Ngoc Lan

August 29 Summit an opportunity to connect investors, experts and startups.

by Ngoc Lan

The Hanoi Innovation Summit 2019 was held on August 29 in Hanoi under the auspices of the Hanoi People’s Committee and the Ministry of Planning and Investment (MPI).

People’s Committee Chairman Nguyen Duc Chung said the Summit had an important aim in helping the capital’s startup community to develop. “It was also an opportunity to connect investors, experts, and international startups together, promoting the spirit of entrepreneurship in Hanoi in particular and Vietnam in general,” he added.

Hanoi has provided support for startup activities in recent times, such as launching the City Entrepreneur Portal with more than 800 startups. It also issued Resolution No. 05 on July 8 on supporting startups, with the goal of encouraging and supporting their development in the city.

Mr. Chung said he hopes that startups can find their direction and resolve the urgent problems facing the city through exchanging experience with international experts. “With the support of ministries, agencies, localities, and domestic and foreign experts as well as the startup community in Vietnam, there are certain to be many successful startup projects in Hanoi,” he added. “The city is committed to listening to all opinions from the business community and will create an attractive, safe, and effective environment for investors, investment funds, and startups from around the world.”

Minister of Planning and Investment Nguyen Chi Dung affirmed that the Summit was a good opportunity for Hanoi to promote startup activities through connecting and learning from global experience. He believes that Hanoi will be the leading locality in terms of innovative startups in the country. “MPI will continue to expand networks to connect knowledge and encourage Vietnamese experts abroad to return home to contribute to the country’s development,” he shared. “The establishment of the first national startup center in Hanoi in the near future will be a gathering point for experts and will promote innovation throughout the country.”

Ms. Caitlin Wiesen, Head of the Resident Representative of the United Nations Development Program (UNDP) in Vietnam, said the government has provided strong support for innovation activities through commitments from leaders to make good use of the opportunities Industry 4.0 brings. “Vietnam is also facing many challenges from Industry 4.0,” she noted. “It needs to create an environment to support innovation, in which policies focus on removing the difficulties they face.”

On behalf of the European Chamber of Commerce in Vietnam (EuroCham), Vice Chairman Nguyen Hai Minh said he appreciates the innovative spirit of the Vietnamese Government when taking new steps and creating confidence among European investors. “We can see that the capital market for startups in Vietnam has great potential and can generate profits,” he said.

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