More support policies needed to boost startups, innovation: VCCI President
![]() |
President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc (Photo: enternews.vn)
Speaking at the 4th national startup forum in Hanoi, Loc stressed that the Government has accelerated the implementation of various policies and mechanisms to encourage startups and innovation in the context of the Fourth Industrial Revolution.
According to the Global Entrepreneurship Network (GEN), among 60 surveyed countries and territories, Vietnam is one of the top nations with a strong preference for entrepreneurial settings. However, when it comes to its ability to realise startup initiatives, the country is placed in the bottom 20.
“There is a yawning gap between businesses’ aspirations and their achievements,” Loc stressed.
Head of the VCCI’s legal department Dau Anh Tuan said the country is now home to some 800,000 businesses and 5 million business households, so it is necessary to create conditions for households to switch their operations to act as enterprises to promote the startup spirit.
To this end, they should receive support in market participation procedures, capital access and application of information technology, he recommended, adding that competent authorities should work to enhance transparency and complete a legal framework.
Meanwhile, Tran Chi Dung, a monitoring and results measurement officer at the Swiss Entrepreneurship Programme, said Vietnam has many policies for startups but businesses still find it hard to achieve success as they do not spend time studying these policies before implementing their business plans.
Related News
![Important innovation in the draft Law on Management and Investment of State Capital at Enterprises](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/12/15/croped/2cf9e98b3d699f37c6782024071018370420240712153804.jpg?240712040347)
Important innovation in the draft Law on Management and Investment of State Capital at Enterprises
16:03 | 12/07/2024 Headlines
![Many policies support innovation but it is difficult for businesses to access](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/062024/18/08/croped/6-c20240607165448-120240618083420.jpg?240624104345)
Many policies support innovation but it is difficult for businesses to access
10:43 | 24/06/2024 Headlines
![Make good use of e-commerce data, create effective tax and customs management](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/062024/11/16/croped/img5502-17179937179933197066502024061015312620240611162204.jpg?240616100239)
Make good use of e-commerce data, create effective tax and customs management
10:02 | 16/06/2024 Customs
![Transparent information protects consumer rights](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/052024/27/09/croped/3-ong-trung20240520135433-cat2024052018292320240527092306.jpg?240530101206)
Transparent information protects consumer rights
10:12 | 30/05/2024 Headlines
Latest News
![Memorial service for Party General Secretary Nguyễn Phú Trọng](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/07202426140706-casket20240726150022.6922290.jpg?rt=20240726150406?240726030531)
Memorial service for Party General Secretary Nguyễn Phú Trọng
15:05 | 26/07/2024 Headlines
![Leaders, people bid last farewell to General Secretary Nguyen Phu Trong](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/13/croped/screenshot-2024-07-25-114547-399120240725135826.7244170.jpg?240725015851)
Leaders, people bid last farewell to General Secretary Nguyen Phu Trong
13:58 | 25/07/2024 Headlines
![State funeral held for Party General Secretary Nguyen Phu Trong](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/state-funeral-held-for-party-general-secretary-nguyen-phu-trong-1-800520240725140013.7976120.jpg?240725020054)
State funeral held for Party General Secretary Nguyen Phu Trong
09:00 | 25/07/2024 Headlines
![(INFOGRAPHICS) Party leader develops diplomacy imbued with "Vietnamese bamboo" characteristics](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/13/croped/tbt20240724135842.jpg?240724020014)
(INFOGRAPHICS) Party leader develops diplomacy imbued with "Vietnamese bamboo" characteristics
14:00 | 24/07/2024 Headlines
More News
![Prime Minister](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/15/croped/anh-ct-712024072209195820240723151002.jpg?240724091811)
Prime Minister's telegram promoting growth, controlling inflation, and stabilizing the macroeconomy in July and the third quarter of 2024
09:18 | 24/07/2024 Headlines
![Gov’t unveils action plan to accelerate industrialisation](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/14/croped/hcm-144420240723143123.4882920.jpg?240723023146)
Gov’t unveils action plan to accelerate industrialisation
14:31 | 23/07/2024 Headlines
![Ho Chi Minh City enterprises overcoming difficulties](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/15/16/142024070910274820240715163152.jpg?rt=20240715163155?240723082455)
Ho Chi Minh City enterprises overcoming difficulties
08:24 | 23/07/2024 Headlines
![PM asks for all efforts to ensure sufficient supply of electricity, petroleum products](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/22/14/croped/363185-petrol20240722143133.3479450.jpg?240722023201)
PM asks for all efforts to ensure sufficient supply of electricity, petroleum products
14:31 | 22/07/2024 Headlines
![Ministries asked to review and revise policies on infrastructure development](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/22/14/croped/362555-screen20shot202024-07-1820at2013313520240722142614.6139270.png?240722022731)
Ministries asked to review and revise policies on infrastructure development
14:27 | 22/07/2024 Headlines
![Vietnam](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/22/09/croped/3-ong-nguyen-anh-duong-truong-ban-nghien-cuu-tong-hop-vien-nghien-cuu-quan-ly-kinh-te-trung-uong-ciem-kich-ban-kinh-te202407151102582024071517223620240722095118.jpg?240722100823)
Vietnam's GDP in 2024 could achieve nearly 7% growth
10:08 | 22/07/2024 Headlines
![Foreign diplomats hail late Party chief’s role in Vietnam’s modern history](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/21/19/croped/party-general-secretary-nguyen-phu-trong-visits-cuba-in-2012-411220240721193440.0137290.jpg?240721073532)
Foreign diplomats hail late Party chief’s role in Vietnam’s modern history
19:35 | 21/07/2024 Headlines
![Highest determination to remove IUU "yellow card".](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/19/16/17-449005821-438292439105506-1900049865909254375-n202407101621112024071211045320240719162813.jpg?rt=20240719162816?240720065016)
Highest determination to remove IUU "yellow card".
18:50 | 20/07/2024 Headlines
![Party General Secretary Nguyen Phu Trong passes away](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/20/18/croped/party-general-secretary-nguyen-phu-trong-8-811220240720184221.2451090.jpg?240720064311)
Party General Secretary Nguyen Phu Trong passes away
18:43 | 20/07/2024 Headlines
Your care
![Memorial service for Party General Secretary Nguyễn Phú Trọng](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/medium/07202426140706-casket20240726150022.6922290.jpg?rt=20240726150406?240726030531)
Memorial service for Party General Secretary Nguyễn Phú Trọng
15:05 | 26/07/2024 Headlines
![Leaders, people bid last farewell to General Secretary Nguyen Phu Trong](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/13/croped/medium/screenshot-2024-07-25-114547-399120240725135826.7244170.jpg?240725015851)
Leaders, people bid last farewell to General Secretary Nguyen Phu Trong
13:58 | 25/07/2024 Headlines
![State funeral held for Party General Secretary Nguyen Phu Trong](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/medium/state-funeral-held-for-party-general-secretary-nguyen-phu-trong-1-800520240725140013.7976120.jpg?240725020054)
State funeral held for Party General Secretary Nguyen Phu Trong
09:00 | 25/07/2024 Headlines
![(INFOGRAPHICS) Party leader develops diplomacy imbued with "Vietnamese bamboo" characteristics](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/13/croped/medium/tbt20240724135842.jpg?240724020014)
(INFOGRAPHICS) Party leader develops diplomacy imbued with "Vietnamese bamboo" characteristics
14:00 | 24/07/2024 Headlines
![Prime Minister](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/15/croped/medium/anh-ct-712024072209195820240723151002.jpg?240724091811)
Prime Minister's telegram promoting growth, controlling inflation, and stabilizing the macroeconomy in July and the third quarter of 2024
09:18 | 24/07/2024 Headlines