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Hanoi festival for innovative start-ups 2023 underway

A festival for innovative start-ups themed “Connecting the Capital Region – Creativity and Development”, or Techfest Hanoi, is underway in Hanoi from October 12-14.
Hanoi festival for innovative start-ups 2023 underway ảnh 1A stall at Techfest Hanoi 2023 (Photo: Nhan dan)

Hanoi (VNA) – A festival for innovative start-ups themed “Connecting the Capital Region – Creativity and Development”, or Techfest Hanoi, is underway in Hanoi from October 12-14.

Speaking at the opening ceremony, Deputy Minister of Science and Technology Le Xuan Dinh said the event is one of the key initiatives aimed at spreading entrepreneurial and innovative spirit, developing the network of creative startups in the Hanoi Capital Region and the Red River Delta, and promoting the application of technological solutions in production and trade.

Permanent Vice Chairman of the municipal People’s Committee Le Hong Son said Hanoi leads the nation in terms of implementation of the Party, State, and Government's strategies and policies on sci-tech and innovation. According to data from Startup Blink (a global startup ecosystem research and mapping centre), Hanoi and Ho Chi Minh City are among the top 1,000 startup cities worldwide.

Startup and innovation activities in the capital city are vibrant and robust, with around 1,000 startups, accounting for 26.32% of the total nationwide. The city is now home to 32 incubators operating in multiple areas and 14 providers of business acceleration programmes, constituting 38.1% and 40% of the total across the country, respectively.

Since 2016, local startups and innovative businesses have raised 1 billion USD through 100 successful fundraising deals, he said.

On the occasion, he urged the city's departments and agencies to accelerate the building of the Hanoi Innovation and Startup Centre, which will serve as a hub for gathering, guiding, and connecting stakeholders within Hanoi's startup and innovation ecosystem and nearby regions.

The event is expected to feature a range of key activities, including an exhibition showcasing start-up and sci-tech projects and products, technology presentations, One Commune, One Product (OCOP) items, a technology and innovation startup forum, and a workshop on businesses with science, technology and innovation. There will also be a seminar on logistics and connectivity for capital region development, a youth innovation and start-up forum, and an innovation start-up competition./.

VNA

The workshop aims to achieve three key objectives providing a platform for academic exchange and strengthening collaboration between leading international scientists and young researchers, including doctoral students; promoting multidimensional scientific dialogue on major open questions in the field; and initiating new directions for international research cooperation with the active participation of Vietnam's physics community.

With the bilateral relations continuing to grow and the determination of both sides to advance innovation, cooperation in AI and high technology is expected to become one of the most dynamic pillars of Vietnam-Singapore relations in the coming time.

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After four editions of the Top Industry 4.0, this year, the programme was officially renamed “Vietnam I4 Impact Awards”, which is not just a change in name but a shift in development thinking and core values.

Experts said close coordination among State management agencies, research institutes, universities, and businesses will improve training quality and serve the dual goals of quality education and practical research application.

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OVs hope the two countries can establish an interconnected cooperation mechanism in the technology supply chain, from sharing research, testing, and development infrastructure to training human resources, thereby forming a technology alliance able to compete with others in the ASEAN region and the world.

Part of the Vietnam Innovation Challenge 2026, the programme goes beyond conventional coding competitions by requiring participants to develop AI-driven solutions to business challenges in real time.

Many experts in Singapore expressed their hope that the General Secretary and President’s visit will pave the way for more substantive cooperation mechanisms between Vietnam and Singapore in high technology, innovation and human resources development.

Ho Chi Minh City currently hosts 143 science and technology enterprises, accounting for around 20% of the national total. Total factor productivity (TFP) contributes 59% to the city’s GRDP growth, with science and technology responsible for 74% of TFP growth.

Over recent years, NSTDA has built strong partnerships with Vietnamese research institutes and organisations in agriculture, biotechnology, energy and sustainable development. Notable examples include joint projects on cassava value chains, salt-tolerant rice, biotechnology products and an initiative on green energy cooperation and development in the Mekong basin.

Vietnam now needs more effective digital transformation to create higher productivity, new growth models and stronger competitiveness in the AI era, said participants at the plenary session of the Vietnam-Asia DX Summit 2026.

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More than just a major technology competition for engineering students, this year’s event provides a platform for innovation, artificial intelligence (AI) and practical industrial applications to converge.

Regional Representative of the UNODC for Southeast Asia and the Pacific, Delphine Schantz, recommended that countries should treat the UN Convention against Cybercrime (Hanoi Convention) as a ‘starting point,’ instead of an ‘end goal.’

The inclusion of Vietnamese researchers in the 2026 Asian Scientist 100 list alongside Nobel laureates highlights Vietnam’s increasing integration into the global scientific community and its expanding research capabilities.

For Ho Chi Minh City, science, technology and innovation have been identified as key drivers of growth in the new development period. Biotechnology, therefore, is considered one of the sectors capable of generating high added value and promoting the transition towards a greener growth model.

Addressing the forum, Vietnamese Ambassador Tran Phuoc Anh expressed appreciation for the initiative to connect Vietnamese intellectuals in Singapore and make the most of the city-state’s strengths in science, technology and innovation.

Experiences from localities nationwide show that Resolution 57 is fostering a marked transformation in development mindset. Science and technology, innovation and digital transformation are increasingly becoming foundational drivers of economic growth and opening new development space for localities in the years ahead.

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