Positive impacts of APEC events on Vietnamese business
The 2017 APEC Economic Leaders’ Meeting in Đà Nẵng has drawn more than 2,000 CEOs from leading groups and businesses in the Asia-Pacific. Việt Nam News reporter Hoài Nam reports on the positive impacts of the meeting on Vietnamese business from the perspective of attendees.
Lý Đình Quân – CEO of Songhan Incubators Centre
Đà Nẵng is seen as the most favourable city in Việt Nam. Its hosting of the 2017 APEC Summit confirms this as the Government declared it a city of events, festivals, business start-ups and hi-tech hubs. The APEC Summit is a great chance to introduce the city as a destination for tourism, investment and business start-ups. It is also a livable city for investors and travelers. APEC is an opportunity for us to call for investment from APEC members and other nations in our young start-up business projects in central Việt Nam.
Songhan Incubators was launched early this year as the first private sector incubator, in order to attract waves of investment from the APEC members as the city hosts 2,000 CEOs and economic leaders, as well as numerous tourists and journalists. The incubator offers consultancy for young people starting businesses. It aims to develop a start-up ecosystem and popularise the spirit of business among other locals in Việt Nam. The city’s business start-up ecosystem debuted in 2014 as a base for young generation beginning their business courses. Three hundred start-up projects, of which 10 received funding from investors, were born from the ecosystem’s co-working space.
The government of Việt Nam has supported businesses through its policies: the law of supporting and development of small and medium-sized enterprises was born in 2016, and it will come in to effect in 2018. However, business start-up programmes at colleges and universities have yet to be promoted, while funds for risky investment are still limited among young business generations.
I hope that the year of 2018 will see a booming of start-up business nationwide with effective support from the Government on legal and financial regulations and policies.