tailieunhanh - Solutions for startup ecosystem development in Vietnam

The article provides an overview on the roles and characteristics of creative startups and their ecosystem as well as an analysis of their current situation in Vietnam, then discusses the impact of key elements on the development of the national startup ecosystem, such as the government policy and the legal framework, market access, human resources, sponsorship and funding. | Solutions for Startup Ecosystem Development in Vietnam Nguyen Thu Thuy1 1 Foreign Trade University. Email Received on 30 September 2018. Revised on 15 October 2018. Accepted on 12 December 2018. Abstract The article provides an overview on the roles and characteristics of creative startups and their ecosystem as well as an analysis of their current situation in Vietnam then discusses the impact of key elements on the development of the national startup ecosystem such as the government policy and the legal framework market access human resources sponsorship and funding. The article also puts forward several solutions for the development of the startup ecosystem in Vietnam. Keywords Startups startup ecosystem key elements Vietnam. Subject classification Economics 1. Introduction The policy of creative startup encouragement is one of the most outstanding policies in Vietnam recently. 2016 was chosen to be the year of the national startup while the Government approved the plan on Supporting the national innovative startup ecosystem until 2025 of the Ministry of Science and Technology resolutions and policies supporting startups have been issued which made Vietnam s startup ecosystem more attractive to foreign investors. There is an emergence of coworking spaces and programmes for startups and startups are tending to go global - reaching to the world. As a result some startups have been recognised honoured and received huge investments 4 . Despite the improvement in the business environment compared to the previous periods the Global Entrepreneurship Monitoring GEM Vietnam Report 2015 2016 by the Vietnam Chamber of Commerce and Industry VCCI showed some indicators that remained weak and needed improving. Compared to other ASEAN countries none of Vietnam s indicators is better than those of the Philippines Indonesia Thailand and Malaysia. Moreover eight indicators of Vietnam are even lower than those of the four countries. Unless solutions to improve .