Ho Chi Minh City seeks way to support startup

Ho Chi Minh city authorities on Sunday hosted an event to promote ideas and policies for effective startups.

Mr. Tran Viet Anh, General Director of the Nam Thai Son Company, said the biggest problems facing startups is lack of capital and experience.

Mr. Nguyen Hung Phong, Director of Ho Chi Minh Economics University's Startup Center said there are not that many really good ideas for startups. Ho Chi Minh City now has 20 incubators at a number of universities, academies, and private enterprises to support 86 projects. Some good projects have been accepted but are still seeking investment capital from businesses. Attendees at the event urged Ho Chi Minh City authorities to create more policies that support startups.

Source: VOV5