Vietnam start-ups need more investmentDespite strong growth, investment into innovative start-ups in Vietnam remains relatively modest compared to the region and the world. Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said that capital for start-ups is very important. The Government has promulgated many regulations and programmes to support start-ups, especially innovative start-ups, including Decree 38/2018/ND-CP on innovative start-up investment. Trinh Thi Huong from the Enterprise Development Agency, Ministry of Planning and Investment, said Decree 38 identified and recognised innovative start-up investment activities as a business; identified the legal status of innovative start-up companies and funds. “This is considered one of the goals of developing a start-up community in Vietnam, therefore, large enterprises need to boost action plans and spend for start-up capital," he said.

Source: VietNamNet News April 26, 2018 03:00 UTC