• Thu. Apr 25th, 2024

Ho Chi Minh City’s Creative Startup Center Set for Fourth Quarter Opening: Driving Innovation with Open Access and a Centralized Data System

BySamantha Nguyen

Apr 3, 2024
This Year, the Creative Startup Center in Ho Chi Minh City is in Operation

The Creative Startup Center in Ho Chi Minh City is set to open in the third or fourth quarter of the year, with construction nearing completion. The center, which spans over 17,000 m2, has been under construction for over three years and consists of 11 floors.

The building’s lower floors will house state support activities for innovative startups, while the upper floors are intended to attract private sector participation in developing the startup ecosystem in the city. The center is a public service unit managed by the Ho Chi Minh City government and serves as a hub that drives the formation of a network to support creative startup activities in various sectors connected to Ho Chi Minh City.

According to Ms. Phan Thi Quy Truc, Deputy Head of the Technology Management and Technology Market Department at a conference on deploying innovative startup activities in the city on April 3, the center’s space and operating model are designed to be open and accessible to the community and businesses, allowing them to easily access information related to Ho Chi Minh City’s startup ecosystem.

The center is responsible for operating an online platform (HOIP), which centralizes the ecosystem’s data system for businesses and startups to register and participate in the city’s support policies. Despite progress made in supporting innovative startups in Ho Chi Minh City, there are still some shortcomings identified by a report conducted by World Bank experts such as low quality and level of state support policies, lack of risk investment mechanism and complicated administrative procedures. These challenges highlight the need for continued attention and coordination with startups to enhance effectiveness and efficiency.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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