Vietnam Promotes Startup Ecosystem

Written by on 05/10/2022

The National Program “Initiative for Startup Ecosystem in Vietnam until 2025” (Program 844) aiming to promote the startup ecosystem has gained initial achievements.

In 2021, the Prime Minister approved a number of new contents to expand the scope of startup ecosystem activities internationally. Since then, many activities have been designed to connect the Vietnamese ecosystem with experts, and advisors and establish the Vietnamese oversea network.

After a two-year pandemic interruption, Vietnam’s Ministry of Science and Technology (NATEC) is once again gaining momentum in continuing its plans to promote and establish cooperative relationships with partners.

These plans will especially involve working with the successful Vietnamese community in the United States to enhance the capacity of different stakeholders of the Vietnamese innovation startup ecosystem.


Last month, the leaders of the National Agency for Technology Entrepreneurship and Commercialization Development, the Ministry of Science and Technology (NATEC), Department/Industry, and representatives from different stakeholders of the Vietnamese innovation startup ecosystem, including award-winning startups, coaches in some potential technology fields, policymakers, and experts on the implementation of programs supporting innovative startups attended the Grand Finale of Startup World Cup 2022 in San Francisco.

Startup World Cup, organized annually by Pegasus Tech Venture, is the startup competition that expands to more than 70 regions and countries with the participation of experts and investors from Silicon Valley (US) and brings together startups around the world.

TECHFEST Vietnam is the official partner of Startup World Cup to deploy contest activities on a nationwide scale towards the global playground. In 2019, Startup Abivin – Champion of TECHFEST Vietnam 2018, represented Vietnam and won the Startup World Cup 2019.


This year, two representatives of Vietnam will participate in the competition:

Go Stream – Winner of TECHFEST Vietnam 2020 with optimal live streaming technology solutions.

Otrafy Inc – Winner of TECHFEST Vietnam 2021 with an automated supplier data management platform by automatic collection, storage, and usage of certification data across the food supply chain, reducing at least 40% of manual work.

Within the framework of the trip, the Mission will visit and work with a number of partners in San Francisco, Silicon Valley-San Jose, and Austin, Texas.

[Leaders of NATEC, the Ministry of Science and Technology visit and work with partners in San Francisco, Silicon Valley-San Jose, and Austin, Texas.]


Mr. Tri Hoang – Founder of the successful startup incubation center in Silicon Valley – Ai20X with more than 40 years of experience in bridging economic and technological development between the US and other countries.

Mr. Kenrick Nguyen is the CEO of Republic – The fintech company in Silicon Valley

Mr. Minh Mac – the Vietnamese Founder of Viet Founders – a global community of entrepreneurs, creators, and experts.

The profiles stated above have accompanied TECHFEST Vietnam for many years as speakers in seminars and high-level policy forums, advising and training a number of Vietnamese universities and startup incubation centers, and connected US experts, venture capital funds, and startup incubators.

To start promoting Vietnam’s innovative startup ecosystem, NATEC will be looking to sign agreements with supporting organizations and technology companies in Silicon Valley and build cooperative relationships with the network of universities in Texas.

Source: The National Agency for Technology Entrepreneurship and Commercialization Development

The post Vietnam Promotes Startup Ecosystem appeared first on Music Press Asia.

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