HN launches program to become start-up city

Director of the DIC Phan Lan Tu made the point on Monday at a press briefing which was held recently to review the performance of the department in the first six months.

The Ministry of Information and Communications (MIC) would have a start-up scheme in ICT. Currently, DIC is building a start-up project in Ha Noi.

The department has also worked with relevant bodies in order to compile a report for the city administration about IT incubator schemes to enhance start-up activities for small- and medium-sized enterprises.

In the first six months, the department also finished preparing an information technology development program for the 2016-20 period and a plan to build a software and digital content park.

By the end of June this year, the capital city had issued investment licenses to 98 foreign direct investment firms in the field of information and communications technology. Among them, 29 are new projects with a total investment capital of US$ 1.55 billion.

In June alone, Ha Noi’s total turnover from the export of electronics, PC accessories and peripherals reached US$ 901 million.

In May this year, the PM approved a draft project called “National Program to Support Innovative Startup Ecosystem in Viet Nam by the year 2025” to create a favorable environment to promote and support the development of start-ups with high-growth potential.

The project has set the following targets for 2020: complete the main legal framework for a start-up ecosystem; run an online portal for the National Innovative Start-up Ecosystem; support about 800 start-up projects and 200 start-up enterprises, of which 50 will raise follow-on investment from private venture investors or will undergo mergers and acquisitions worth about VND 1 trillion (about US$ 50 million)./.

By Kim Loan