Vietnam’s start-ups need more legal support: firm CEOs
Vietnamese start-ups need consultancy supports on tax policies, legal, finance and accounting, as well as training courses to help them become professional entrepreneurs.
Illustrative Image (Source: cafef.vn)
Hanoi (VNA) - Vietnamese start-ups need consultancy supports on tax policies, legal, finance and accounting, as well as training courses to help them become professional entrepreneurs.
Trinh Nam Thai, CEO of Koban.vn, raised this idea while contributing to the project, "The national programme to support start-up ecosystem and innovation" built by the National Agency for Technology Entrepreneurship and Commercialisation Development (NATEC).
Pham Hong Quat, the agency's director, said that NATEC had received several ideas from ministries and sectors to complete the project. It would be built to meet with the demand of start-ups in the science and technology field in the first stage of development.
Specifically, an electronic platform would be established on the network infrastructure of the National Agency for Science and Technology Information (VISTA). The project would also build a database and a system connecting domestic and foreign specialists, especially overseas Vietnamese with experience in start-ups and successful entrepreneurs in the science and technology sector.
In addition, there would be training courses specialising in attracting funding and building business models for start-ups with support from the Government.
"We want to create a working environment which will help investors share business experiences as well as appeal for venture funds. Angel investors would also act as trainers," Quat said.
NATEC would call for cooperation from institutes, schools and localities to build the best working environment for start-ups.
The project would also propose a mechanism for the association between start-up centres and investment funds to help them access funds and facilitate them in divestment.
However, successful start-ups believed that the support should be closely linked with reality.
Nguyen Huu Tuat, CEO Mpos Vietnam, said that a website or an electronic platform would be only a tool for start-ups accessing information. The Government should have a start-up nurturing programme to support them and their partners, as well as a training system to turn ideas into products.