Contest for Vietnamese startups to kick off in Hanoi

Anh Kiet - Thai San

Nov 23, 2020 / 11:50 PM

The event will see the attendance of 23 leading groups in the region and 154 investment funds.

The startup competition ‘Vinacapital Ventures Vietchanllenge (V3 Track)’ will be launched at the Innovation Festival in Hanoi on November 25, Kinh te & Do thi reported.

The competition is launched by the Ho Chi Minh Communist Youth Union in Hanoi to create opportunities for startups to get access to foreign venture funds and introduce Hanoi’s image as an attractive investment destination during the Covid-19 pandemic.

‘Vinacapital Ventures Vietchanllenge (V3 Track)’ will be launched in Hanoi on November 25. Photo: Kinhtedothi.vn

At the event, the venture capital platform TREKKRS.ASIA and the investment connection for innovative startups in ASEAN worth US$1.7 billion will be launched.

Besides, a memorandum of understanding for the formation of the Capital Innovation Network Capital Ventures Network (TECHFEST International) will also be signed.

At the same time, the final of the Vietnam global startup competition V3 Track will also be held with the participation of the five strongest startups in the region along with CricketOne (VietChallenge champion 2020 team).

The event will see the attendance of 23 leading groups in the region and 154 investment funds, 10 associations of overseas Vietnamese students, 20 universities and 783 startups coming from regional economies such as Malaysia (19%), Vietnam (17%), Thailand (16%), Singapore (13%), Indonesia (12%), South Korea (12%) and Taiwan (11%).

VietChallenge is an annual startup competition for entrepreneurs from all over the world, hosted by the Association of Vietnamese Students and Professionals in the United States. This is a non-profit organization with a passion to empower entrepreneurs in South East Asia and around the world, connecting them with investors, mentors and bringing their innovative ideas to the market.

At the Innovation Festival, participants will be able to join a technology demonstration and a seminar on Digitalization of Start-up Investment in ASEAN.

Hanoi strives to create ideal environment for innovative startups

22 Dec, 14:42

In addition to supporting policies, Hanoi has also offered substantial measures to improve the business environment, including a focus on e-government development to save costs and time for enterprises.

Hanoi pledges favorable conditions for startups

29 Aug, 17:24

Hanoi expects its startup community can find solutions to the city’s urgent problems at the forum by exchanging experience with foreign experts.

Hanoi to create breakthroughs in supporting creative startups

09 Aug, 11:35

Hanoi is working out to create breakthroughs in policy making to support and develop its creative startups, contributing to the capital’s sustainable economic growth.

Hanoi’s Hi-tech & Industrial Parks: achievements and outlook

Hanoi’s hi-tech and industrial parks are emerging as key drivers of the capital’s economic transformation, attracting high-value investment, advancing innovation and strengthening supply chains as the city sets its sights on becoming a leading regional technology and manufacturing hub.

05 Dec, 09:06 PM

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honored 50 listed companies for excellence in transparency at the 2025 Vietnam Listed Company Awards, which spotlighted standout annual reports, corporate governance and sustainability disclosures amid rising foreign investor interest and growing alignment with international reporting standards.

05 Dec, 06:51 PM

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

05 Dec, 10:37 AM

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

02 Dec, 03:33 PM

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

02 Dec, 02:17 PM

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

01 Dec, 09:13 PM

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

01 Dec, 09:07 PM

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

01 Dec, 07:11 PM