Hanoi plans US$21.5 million for startup development
 |
| Illustrative photo. |
The project received approval at the 9th session of the Hanoi municipal People’s Council which ran from July 8 - 10.
It aims to assist the development of around 500 startups. Of the figure, some 150 are projected to commercialize their products while 20 per cent of them will be capable of mobilizing funds from capital ventures and making M&A deals.
The scheme is expected to help the city consolidate its ecosystem for startups, with an added focus on establishing business incubators and private startup support funds.
With 260,000 enterprises operating throughout the capital, Hanoi ranks second among nationwide localities in terms of number of businesses.
There has been an annual average of 20,000 firms founded during the past three years, but only 0.1 per cent of them have managed to raise capital for their operation and expansion.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- Happy Vietnam awards honour photo and video artists (December 13, 2024 | 08:54)
- Vietnam unveils 2024 rankings of top employers and value-driven enterprises (December 12, 2024 | 17:00)
- ‘Blockbuster’ Eaton Park sells out just one week after launch (December 12, 2024 | 08:00)
- German businesses remain upbeat about Vietnam (December 11, 2024 | 15:45)
- Tech giants bet big on Vietnam's future (December 10, 2024 | 17:53)
- Forum on green solutions for industrial parks and investment promotion organised in Vinh Phuc (December 09, 2024 | 19:08)
- Vietnam and GGGI launch plan for green growth and climate action (December 08, 2024 | 20:38)
- FTZs to open regional doors for logistics (December 07, 2024 | 10:00)
- Vietnam sees increase in FDI in the first 11 months of 2024 (December 06, 2024 | 19:15)
- Hanoi to address public investment disbursement bottlenecks in 2025 (December 05, 2024 | 09:00)
Latest News
Mobile Version