Vietnam, aspiring startup nation, promises legal and financial support

Thanh NIen News

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The Vietnamese government has approved a project to provide information, legal and financial support for around 2,600 startups over the next 10 years, in a new effort to turn Vietnam into a startup nation.
A complete system of laws on startups and their operations will be ready in 2020, while an online portal will be set up to supply them with information on a wide range of issues, such as technologies, policies and funding, the government website reported on Wednesday.
Support centers where businesses can have access to infrastructure, including working space and Internet, either for free or at low fees, will also be established around the country.
The government also plans to offer financial support to help startups cover part of their initial costs, such as training, product testing and marketing.
At least 100 startups are expected to raise a total of VND2 trillion (US$88.59 million) by 2025 with the government's assistance, according to the website.

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