Start-up successes in 2016

by PV03 January 2017 Last updated at 18:20 PM

VTV.vn - The Start-Up Festival 2016 has concluded in Hanoi. The event was an opportunity for the sector to look back at the progress and highlights of the year for young businesses.

One of the most remarkable highlights of the start-up community in 2016 was the 'Project to Boost the Creative and Innovative Start-Up Habitat in Vietnam'. Approved by the Prime Minister, around 600 creative start-ups will receive support or participate in mergers and acquisitions with a budget worth 87.8 million USD.

At Techfest 20 16, Deputy PM  Vu Duc Dam recognized start-ups to be the steering mechanism of the economy into the future. Over the past year, the Vietnamese government approved a package of fresh initiatives aimed at paving the way for the boom in technology start-ups including providing legal and financial support for an estimated 2,600 start-up companies across the country over the next 10 years.

The government is expected to launch an online portal that will keep start-ups updated about technologies, policies and funding.

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