31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi to create breakthroughs in supporting creative startups
Anh Kiet 11:35, 2019/08/09
Hanoi is working out to create breakthroughs in policy making to support and develop its creative startups, contributing to the capital’s sustainable economic growth.
The number of newly-established enterprises is increasing year by year, marking a rise in both quantity and quality, statistics from Hanoi Department of Planning and Investment have shown.
 
Human resource training and development for startup businesses. Photo: Thanh Nam
Hanoi currently is home to about 260,000 businesses, ranking second in the country. In the last three years, more than 20,000 enterprises have been licensed in Hanoi each year, local media reported.

However, the number of startups and creative startups successfully calling for capital from investment funds accounts for only about 0.1%.

Experts blamed the shortfalls of policies supporting small and medium startup enterprises for the lack of venture funds’ interest.  In addition, startup businesses has little collateral, which is hindering lenders’ willingness to borrow. 

Many policies to support startups in Hanoi

In order to support startups, Hanoi has issued a project to support creative startups in the city.

The city's authorities set a goal to support 500 creative startup projects by the year 2025 so that at least  150 innovative startups will be able to commercialize their products.

Projects qualify for the list will be supported, from warehouse rental costs and machinery to tax and capital support.

Specifically, the city will support the cost of intensive training on creative startups for small and medium enterprises.

It is expected that the project will start in September 2019 and will last for five years.
Other news
05:08, 2022/08/26
Hanoi greets nearly 31,500 foreign tourists during SEA Games 31
The regional event asserts Hanoi's role as an ideal destination for large-scale international events.
22:07, 2022/07/25
Hanoi accelerates construction of smart urban projects
The completion of these projects would help ensure Hanoi’s rapid and sustainable development towards green, smart, and modernization while maintaining the harmonization between rural and urban areas.
15:32, 2022/32/24
New US-Vietnam Cooperation Center inaugurated in Hanoi
The center will be a platform for educational and cultural programming, research support, and academic services.
10:10, 2022/10/22
Hanoi wants to build second int’l airport in Thuong Tin
The project will develop urban areas around the new airport, including industrial zones, multimodal transportation, warehousing, and logistics systems.
16:33, 2022/33/20
Vietnam National University moved to Hanoi's outskirt
The Vietnam National University's Hoa Lac campus is ready with all facilities and equipment for educational and research activities.
14:18, 2022/18/20
Hanoi earmarks US$1 billion for Ring road No.4 project
Total investment capital for Ring road No.4, slated for completion by 2027, is estimated at VND85.8 trillion (US$3.73 billion).