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Official Gazette

Wednesday, February 19, 2020
Tags: startups
SMEs to receive support for business startup SMEs to receive support for business startup
The Ministry of Planning and Investment is working on a draft national program to provide a total financial support of VND 5,000 billion (USD 216 million) for small- and medium-sized enterprises being innovative startups or participating in industrial clusters and value chains during 2021-25.
Fundraising through new channels - opportunities and legal challenges Fundraising through new channels - opportunities and legal challenges
The Fourth Industrial Revolution helps create new products and services as well as business models in an open atmosphere without any distance between the reality and cyber space. However, Vietnam’s existing legal framework still fails to meet the demand for realizing these products, services and models. It is not yet mature for the application of novel forms of raising funds from angel investors or venture investment funds. So far, there is no legal corridor for innovative startups, particularly fintech ones. This article introduces new fundraising channels and their legal challenges and puts forward recommendations for formulating a regulatory sandbox applicable to these channels.
PM proposes ASEAN-RoK cooperation orientations PM proposes ASEAN-RoK cooperation orientations
Prime Minister Nguyen Xuan Phuc suggested increasing strategy in the partnership between the Association of Southeast Asian Nations and the Republic of Korea while addressing the first working session of the 2019 ASEAN-RoK Commemorative Summit in Busan on November 26.
Party determines to embrace Fourth Industrial Revolution Party determines to embrace Fourth Industrial Revolution
On September 27, Party General Secretary Nguyen Phu Trong signed Resolution 52-NQ/TW, on a number of policies on the nation’s proactive involvement in the Fourth Industrial Revolution, affirming that the nation will take strong actions to take advantage of opportunities brought by the Revolution. Vietnam Law and Legal Forum would like to introduce important contents of this Resolution.
National Innovation Center to be built under special mechanism National Innovation Center to be built under special mechanism
All activities related to construction and formulation of management and operation model of the National Innovation Center would not undergo normal procedures but follow a special and fast-track process.
Draft scheme on national digital transformation proposed Draft scheme on national digital transformation proposed
By 2025, Vietnam would be ranked among top 4 ASEAN countries regarding national digitization and make a breakthrough transformation toward a digital country with a vision to 2030. It is one of the targets set in a draft scheme on national digital transformation prepared by the Ministry of Information and Communications.
Vietnam looks to expand cooperation with Germany Vietnam looks to expand cooperation with Germany
Vietnam wants to enhance cooperation with Germany, hoping the European nation will provide support in developing small- and medium-sized enterprises, digital technology, and boosting startup development and innovation, Prime Minister Nguyen Xuan Phuc told visiting German Minister for Economic Affairs and Energy Peter Altmaier.
Vietnam Chile look to bolster partnership Vietnam, Chile look to bolster partnership
A diplomatic delegation led by Deputy Foreign Minister Bui Thanh Son visited Chile from March 17-19 and conducted the sixth political consultation between the two foreign ministries.
Government puts forward solutions for higher international rankings Government puts forward solutions for higher international rankings
Vietnam will strive to increase its international rankings in terms of business environment and competitiveness in order to adapt itself to the new production system in the Fourth Industrial Revolution, according to a resolution adopted by the Government on the first day of 2019.
Vietnam strives to top the region in tourism growth Vietnam strives to top the region in tourism growth
By 2025, Vietnam will be among the regional countries with fastest tourism development with total revenues from the hospitality sector reaching USD 45 billion, of which exports through tourism will be USD 27 billion.

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