In the conference, Mr. Tran Thanh Truong, Deputy Director of the Quang Ngai Department of Science and Technology stated that innovative startup activities are still quite new. Certain achievements of the province until now are the active establishment of a portal for innovative startup to provide sufficient information for those in need in a timely manner. The Science and Technology Department held five training sessions of ‘Starting up a Business’, three of ‘Business Administration’ to upgrade knowledge and skills for more than 1,000 people in the province. Normally, an innovative startup ecosystem should begin with students in schools and universities, resulting from processes of scientific research and innovative learning. Mr. Vo Duy Quan, Deputy Director of the Center for Student Support and Business Relationship under Pham Van Dong University, universities can promote startup activities via public policies to change students’ mind from merely seeking … [Read more...] about Quang Ngai Province establishes innovative startup ecosystem
Startups that are hiring
A product of Nami Telepod is a startup registered in Singapore by a group of new graduates. Sharing electric scooters at low costs, Telepod has been successful in its home country, Thailand and the US. The solution developed by Telepod helped it successfully call for 18,000 Singapore dollar of investment from Singapore Mass Rapid Transit in the angel round. Following its success, Telepod wanted to enter Vietnam with the scooter rental of 15 cents for a lease. However, the managers of Telepod learned from Quest Venture and Saigon Innovation Hub, the consultancy firms, that Vietnam is not an easy market to penetrate. Who will use electric scooters on the streets where traffic jams occur regularly and there are many potholes? Will it be safe to park scooters in public areas, if all the parking lots in the country must hire keepers? Teleport decided to make adjustments with the original business model. However, with the limited service, the profitability may not be high. … [Read more...] about Is Vietnam an attractive environment for startups?
The Association of Vietnam Retailers says that there has been an exponential increase in the number of people ordering food online in Hanoi and HCMC in the last few years, and it is foreign firms that are cashing in on delivering it. The food delivery market is now dominated by Delivery Now, and Vietnammm.com. Delivery Now is a product of Foody Corporation, once a Vietnamese food service startup that was acquired by Singapore-based internet firm Sea LTD last year, while Vietnammm.com is a subsidiary of Takeaway.com, one of the world’s largest online food ordering websites based in the Netherlands. Invested in by Ho Chi Minh City-based Scommerce Group, an information technology and services firm, Lala is considered a rising star in food delivery sector by industry insiders, having the advantage of hi-tech knowhow from its parent firm. Lala connects its users directly with restaurants before its shippers from Ahamove, also a child of Scommerce Group, delivers food. Delivery Now has … [Read more...] about Will Vietnamese firms miss the food delivery bus?
The World Economic Forum (WEF) is holding a summit in September, called WEF ASEAN 2018, focusing on regional entrepreneurship and the impacts of the fourth industrial revolution on regional economies and business community. Justin Wood, WEF Head of Asia-Pacific Region, talks to Viet Nam News reporter Hoang Son on the issues facing local startups and businesses. Why is the WEF focusing on entrepreneurship, the private sector and the fourth industrial revolution at the upcoming event? The WEF is very focused on the fourth industrial revolution all the time, not just this event. Our chairman, Professor Klaus Schwab, feels very strongly that technology is moving at a faster rate and the speed of change is accelerating. He feels that if we look at the world today, we can see so many disruptive technologies, including blockchain, artificial intelligence, drones, advanced robotics and so on. He feels that these technologies are going to be deeply disruptive and transformative to the economy, … [Read more...] about VN needs to increase innovation capacity
Local startups can join MTA Vietnam 2018By Hung Le BT Tee (L), general manager of UBM Vietnam, addresses a press meeting announcing MTA Vietnam 2018 - PHOTO: LE HOANG HCMC – MTA Vietnam 2018, the largest international precision engineering, machine tools and metalworking exhibition in Vietnam, will kick off on July 3 at the Saigon Exhibition and Convention Center in HCMC’s District 7. Notably, the four-day event will host pavilions for local startups. BT Tee, general manager of UBM Vietnam and organizer of MTA Vietnam 2018, shared the news with reporters at a press meeting announcing the event on June 15 in the city. Local enterprises need nurturing and competitive opportunities to approach international customers by joining manufacturing supply chains to achieve sustainable development in the marketplace, remarked Tee. Therefore, UBM Vietnam and the Multi Engineering Solutions Laboratory will jointly organize a booth chain specially designed for Vietnamese … [Read more...] about Local startups can join MTA Vietnam 2018