Ho Chi Minh City will build an industrial zone for new businesses, including startups, and aid firms with business registration procedures. (Photo: VNA)HCM City (VNA) – Ho Chi Minh City will build an industrial zonefor new businesses, including startups, and aid firms with businessregistration procedures, said Secretary of the municipal Party Committee NguyenThien Nhan.
Hemade the confirmation at a meeting held in the city on September 7 to evaluate progresssince the Saigon Innovation Hub (SiHub) was established a year ago.
Along with private investment, public-private partnerships will be a focus ofthe city as part of efforts to support startups in branching out, he said.
Fierce competition has forced the city to enhance productivity and the use ofscience and technology, Nhan said, adding that this also requires newenterprises to renovate their technology.
The city has focused on activities to develop a startup ecosystem under aprogramme which supports small and medium enterprises to enhance competitivecapacity and global integration. The programme’s core goal is to encourageinnovative startups via scientific research development.
[HCM City: over 500 startup projects launched]
Talking about SiHub which assists initiatives for innovation and start-upenterprises, Nguyen Viet Dung, Director of the municipal Department of Scienceand Technology, said thanks to support from the Asian Development Bank, thecentre can help build Ho Chi Minh City into a startup city.
After one year, SiHub has carried out various activities like bringing STEM(Science, Technology, Engineering and Mathematics) programmes to 486 schools,assisting 11 startup and innovation programmes, giving startup training to 115lecturers and supporting startup incubators for two universities.
The centre also worked with more than 50 international organisations to carryout programmes to assist startups, he underlined.-VNA
VNA
