GeneStory, a start-up in the healthcare sector, has become the winner of VietChallenge 2022, the biggest fund calling contest for Vietnamese startups around the world held at Nasdaq, the second biggest stock exchange on the globe.
New York (VNA) – GeneStory, a start-up in the healthcare sector, has become the winner of VietChallenge 2022, the biggest fundcalling contest for Vietnamese startups around the world held at Nasdaq, thesecond biggest stock exchange on the globe.
Launched in May, GeneStory, founded by Vingroup with theparticipation of leading scientists from many countries such as the US, theNetherlands and Germany, aiming to care for the public health through geneticdecoding, surpassed five other competitors in the contest’s final round to win a cash prize of 25,000USD.
Speaking to the Vietnam News Agency (VNA)'s resident correspondents after the competition,Deputy Minister of Planning and Investment Tran Duy Dong said that VietChallenge2022, the seventh edition of its kind, was jointly held by the ministry's National Innovation Centre andVietChallenge Inc., a US-based non-profit organisation, to seekoutstanding startups with advanced technologies in many areas.
Highly valuing the capacity of the six finalists, Dong saidthat he hoped Vietnamese startups around the world will connect with each otherthrough this contest to build a common innovation ecosystem and help Vietnam rise to the world and grow stronger in the future.
Ambassador Dang Hoang Giang, PermanentRepresentative of Vietnam to the UN, highlighted the strong entrepreneurship spirit ofVietnamese young people, and hailed the efforts of the organisers and competitorsin the contest which drew great attention of both Vietnamese and US businesscommunities.
Held annually from 2015, VietChallenge has so far seen the competition of morethan 800 Vietnamese startups from more than 20 countries worldwide./.
VNA
Related News
A Vietnam-India Startup Forum was held in a hybrid format on November 12, as part of the activities to celebrate the 50th anniversary of the establishment of bilateral diplomatic ties.
Permanent Representative of Vietnam to the UN, Ambassador Dang Hoang Giang has joined two leaders of VietChallenge, known as the largest fundraising contest for Vietnamese-born startups worldwide, to ring the opening bell at the Nasdaq MarketSite in Times Square, New York.
Earable Neuroscience is the first Vietnamese startup to receive a CES Innovation Award, for its Wearable product category in the US.
The Vietnam National University of Agriculture (VNUA) and Australian company 4Ways Fresh on December 3 signed a memorandum of understanding (MoU) on cooperation in training and supporting innovative and entrepreneurship activities.
Resolution No. 57-NQ/TW of the Politburo on the development of science, technology, innovation and national digital transformation states that these areas are becoming not only prerequisites but also a historic opportunity for the country to achieve prosperity and strengthen national competitiveness in a new era of development.
Deputy Prime Minister Ho Quoc Dung has signed a decision approving a plan to develop large domestic strategic technology enterprises in the 2026–2030 period, aimed at advancing digital infrastructure, digital human resources, digital data, strategic technologies and cybersecurity.
It has become part of Vietnam’s national digital transformation agenda under Politburo Resolution No. 57-NQ/TW dated December 22, 2024, which seeks to establish data, technology, innovation and digital governance as new pillars of economic competitiveness.
Vietnam’s legal framework already enables intangible asset valuation, and international methodologies can be applied. Yet IP valuation remains a knotty problem for regulators, valuation firms, universities, research institutes and businesses, all of whom are hunting for clearer roadmaps.
Deputy PM Ho Quoc Dung stressed the need for close coordination among the Ministry of Science and Technology, the Ministry of Justice and the Government Office to finalise and submit for issuance key decrees guiding the implementation of the Law on High Technology and the Law on Digital Transformation within this month, thus enabling them to be brought into practice as soon as possible.
The incentives are also expected to attract and retain scientists and technology experts while providing enterprises with additional resources to enhance competitiveness in strategic sectors such as artificial intelligence, semiconductors, software and biotechnology.
Vietnam’s cybersecurity landscape has witnessed a notable shift in recent years. While the number of cyberattacks recorded in 2025 showed signs of decline, the proportion of organisations suffering actual damage rose to 52.3%. Cyberattacks increasingly target critical sectors, including banking, finance, energy, telecommunications, and government agencies.
Vietnam is among the fastest-growing countries within the group ranked between 21st and 50th globally in StartupBlink’s 2026 report. Hanoi, Ho Chi Minh City, Da Nang and Hai Phong are now listed among the world’s top 1,000 startup ecosystems.
The country also aims to support at least 500,000 small and medium-sized enterprises in digital transformation, develop a minimum of five digital technology companies capable of competing with counterparts in advanced economies, and establish at least five operational data exchanges.
Highly valuing Bulgaria's extensive experience in operating the Kozloduy nuclear power plant and training specialised personnel, Ambassador Nguyen Thi Minh Nguyet proposed boosting bilateral cooperation in specialist training, scientific research, and the sharing of management, operational, and nuclear safety expertise.
Dot Inc. is working with Google and an AI education partner in Vietnam to explore the deployment of assistive technologies in schools and educational institutions.
In addition to the exhibition activities, Agri & Biotech Vietnam 2026, lasting until June 12, is set to host a series of specialised forums and seminars. Topics of particular interest to businesses include farming exports, sustainable development of the pepper and spice industries, low-emission agriculture, carbon credits, the circular economy, biotechnology and innovative start-ups.
Vietnamese Ambassador to Iran Nguyen Luong Ngoc said greater understanding of each side’s strengths and potential, particularly in AI and information technology, will provide a solid foundation for expanding future cooperation.
Vietnam is pursuing a focused approach to quantum technology, rather than trying to compete head-to-head with leading technology powers across the full spectrum of quantum research.
According to the National Cybersecurity Association (NCA), cyberattacks are rising in both frequency and severity. Attackers are targeting critical infrastructure, personal data, and public services with increasingly advanced methods. This isn't just a technical glitch, but a systemic vulnerability requiring a workforce that can analyse and respond in real time.
Vietnam has identified that strategic technologies with strong spillover effects are key areas for investment and development. These technologies help enhance self-reliance, create national competitive advantages, ensure national defence and security, and promote sustainable socio-economic development
Vietnam possesses significant advantages and strong potential to emerge as a global centre for artificial intelligence (AI), according to billionaire Eric Schmidt, former Chairman and CEO of Google and former Chairman of the US National Security Commission on Artificial Intelligence (NSCAI).
The event paired a robotics showcase with an innovation networking session, spotlighting Vietnamese companies’ research, development and technological mastery in robotics, automation and artificial intelligence.
The competition offered Vietnamese students a valuable opportunity to affirm the country’s position on the global technology stage.
Vietnam and Estonia share similar approaches to digital citizenship development, placing citizens at the centre of digital transformation and using electronic identity systems and resident databases as foundations for online public services and digital transactions.