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The APEC 2017 Start-ups Forum opens in Ho Chi Minh City on September 12. Vo Tan
Thanh, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI),
said that Vietnam has been evaluated as one of the most entrepreneurial
countries in the world. The Vietnamese Government aims to have at least one
million effective businesses by 2020, he noted.
The
selection of Ho Chi Minh City as the venue of the APEC 2017 Start-ups Forum
is practical as the southern economic hub is striving to build itself into a
start-up urban centre, with the establishment of 500,000 enterprises through
to 2020.
Deputy
Minister of Science and Technology Tran Van Tung said that the increasing
number of new businesses – which hit a record of more than
Besides
quantity, equal attention should be paid to the quality and health of
businesses to encourage more innovative start-up firms to be set up in the
future, he said.
He called
on major groups such as Viettel, FPT and Truong Hai Auto Corporation to
provide pragmatic support for start-ups in Vietnam.
During
the forum, participants discussed a wide range of topics, such as innovative
start-ups in the digital era, education and training on entrepreneurship,
business services for start-ups, and the acceleration of sustainable socio-economic
growth.
Through
sharing experiences, ideas and tools to support start-ups, APEC member
economies are striving to form a dynamic and networked APEC Start-ups
Community.
Initiatives
raised at the event will be discussed to propose a joint Statement on
promoting start-ups and MSMEs to the upcoming APEC Small and Medium
Enterprises Ministerial Meeting (SMEMM) in the city on September 15.
MSMEs
account for over 97% of all enterprises and employ over half of the workforce
across APEC economies. MSMEs contribute significantly to economic growth,
accounting for between 20% and 50% of GDP in most APEC economies. However,
they account for just 35% or less of direct exports.
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Source: NDO
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