Start-ups showcase their products at a fair in HCM City. The city has a number of programmes to attract young people seeking to set up business. — VNS Photo HCM City is implementing programmes meant to create a launch pad for start-ups and offer favourable conditions for new companies to develop. According to the city People’s Committee, more than 44,000 new businesses were established last year and their registered capital was 15 per cent higher than in 2018. This year, the city targets a number of more than 45,000, especially businesses set up by young people aspiring to contribute to the city’s development. The city government has carried out programmes in recent years to create favourable conditions for start-ups to develop. It has made efforts to improve the business environment, build an innovative start-up eco-system to create the best conditions for start-ups and ensure equal access for all businesses to resources and opportunities. In terms of capital access, the city has allocated VND1 trillion (US$43.06 million) from its budget to support start-ups, including support for business households to turn into companies. It also has an investment stimulus package worth VND2 trillion ($86.18 million) to encourage businesses to upgrade their production… Read full this story
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