Hanoi to form network of creative startup support spaces

Khanh Khanh

Sep 21, 2022 / 12:15 PM

The city will create more spaces for the development of young entrepreneurs.

Hanoi will form a network of spaces to support creative startups and connect with those in the national creative innovation system by 2025.

A conference reviews program on improving the effectiveness of Hanoi's young startups for 2018-2022. Photo: HUB Network

This is the latest decision of the municipal People’s Committee under the project “Forming a network of spaces to support young people in entrepreneurship, innovation and digital transformation”, as part of practical activities to realize the city's goal of becoming an innovation hub of Vietnam.

Under the project designed for the 2022-2025 period, the city will build and operate at least one startup support space each year, as well as roll out the formation and operation of 20 grassroots spaces.

The city will repair four exciting spaces including Hanoi Youth Palace, Student Cultural House, the Hanoi Center of Employment Service and Young Support, and D12 Giang Vo Building.

The space will boost the connection and signing of cooperation agreements between local startups with ten foreign investors in supporting startup development.

The network would include 5,000-6,000 members who are young people and students in the fields of innovation and digital transformation.

The city also strives to support 1,500 innovative startup projects by 2025, of which 300 businesses will be able to commercialize their products and at least 100 projects will successfully raise capital from venture capital funds. The total value of mergers and acquisitions is estimated at VND300 billion ($12.6 million).

Each year, the network of creative startup support spaces will organize at least seven specialized consulting or training courses for members on intellectual property rights; technology commercialization; technology incubation; creativity; lean startup; and two seminars on science and technology, innovation, entrepreneurship, and digital transformation.

Previously, the Hanoi Youth Union launched a network of clubs for entrepreneurship, innovation and digital transformation (HUB Network) in January. HUB Network includes 16 clubs belonging to 15 universities in the city with 1,200 members.

[Hanoi thriving] Hanoi - home for startups

29 Jul, 15:46

Hanoi identifies development of innovation startups as key target in 2021-25

19 Jan, 06:45

Over the years, the local government has been pushing for drastic reforms and putting the people and enterprises at the center of its services.

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

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.

30 Nov, 02:00 PM

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

The newly launched Semiconductor Alliance in Vietnam seeks to develop skilled professionals, foster collaboration between universities and businesses while preparing the country to play a more active role in the global semiconductor industry.

28 Nov, 06:15 PM