Significant investment commitments have been made at the Vietnam Venture Summit 2019 At last week’s Vietnam Venture Summit, Nguyen Chi Dung, Minister of Planning and Investment, said, “To achieve the goal of renewing the growth model based on innovation, the Vietnamese government is making strong efforts to build a number of supporting policies and complete the innovation ecosystem to create the most favourable conditions for development in the field. Three major action plans are in focus, including unblocking the financial resources for innovation activities.” The summit aimed to attract more investment from domestic and international venture capital funds into the local startup community, showing the government’s strong determination to create a knowledge-based digital economy. Concrete policies ahead Aware of the need for concrete strategies and policies to approach potential foreign investors in a more active manner, an increasing number of ministries and agencies in Vietnam are joining efforts with the government to support the startup community. Currently, the government has assigned the Ministry of Planning and Investment (MPI) to build the National Strategy on Industry 4.0, the development of the National Innovation Centre (NIC), and work to connect Vietnamese talents via the Vietnam Innovation Network, thus strengthening innovation activities in… Read full this story
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