Southern region aims to develop start-up and innovation ecosystem

Start-up companies introduce their products at a seminar in HCM City on December 11.(Photo: VNA) HCM City (VNS/VNA) – In Ho Chi Minh Cit y and the south-western region, individuals set up 75 percent of all start-ups and organisations established the rest, according to the Ministry of Science and Technology Office in the southern region. The office's chief Pham Xuan Da told a seminar in HCM City on December 11 that “the region has great economic potential”. “Many supporting activities to promote a start-up and innovation eco-system are being undertaken in HCM City and Can Tho and Tra Vinh and Ben Tre provinces,” he said. They focused on offering legal assistance, helping with business registration, registering intellectual property, and teaching them about finance and corporate governance, helping reduce the risk of failure, he said. According to Huynh Kim Tuoc, managing director of the Saigon Innovation Hub (SiHub), the city's start-ups and innovation eco-system are in four key industries: plastic, pharmaceutical chemicals and rubber; food processing; mechanical engineering; and electronics and telecommunication. This eco-system supports efforts such as the use of technology in education, sectors like hi-tech agriculture, technologies used in food processing and biotechnology, medical technology, clean technology, AI (artificial intelligence), VR (virtual… Read full this story

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