HCMC works with Israel on startup development
![]() |
Ho Chi Minh City has been efficiently implementing the national project for startup development |
Startup development
HCMC has offered training in productivity and quality administration and innovation for 3,142 enterprises in the city, provided consultancy related to quality and productivity improvement, and intellectual property management for 759 enterprises, supported 81 research and development projects, and provided technology innovation assistance for 15 projects through investment stimulus programs.
According to Nguyen Khac Thanh, Deputy Director of the Ho Chi Minh City Department of Science and Technology, the city has practical policies to promote startups. The Saigon Innovation Hub (SIHUB), the first state project for startup development in Vietnam, was founded in accordance with Decision 4181 of the city people's committee.
In keeping with the national project for startup development, HCMC established five startup promotion centers, connected 24 business incubators, and founded executive boards for startup management in the city’s key areas of information technology (IT), engineering, food and foodstuff processing, and plastics, rubber and chemicals. Almost 650 enterprises were created and many of them successfully raised capital.
HCMC-Israel cooperation
Since December 2018, the Ho Chi Minh City Department of Science and Technology has been implementing startup cooperation with Israel, which enjoys the reputation of a start-up nation. The department organized a delegation to Israel in order to learn from Israel’s startup development experiences. The delegation worked with the Israel Innovation Authority, Biohouse Center (a meeting point of Israeli medical and pharmaceutical technology companies), and Azrieli College (a leading engineering training facility in Israel). The department also sent delegations to universities in Israel for research information exchange and scientific research commercialization.
Nguyen Viet Dung, Director of the Ho Chi Minh City Department of Science and Technology said the department is working with the Israel Innovation Authority on startup policy research and development, training in intellectual property management and commercialization of scientific research results in universities. Other joint plans include incubator management training, startup exchange, participation in major startup activities in the two countries, and technology supply-demand connections focusing on artificial intelligence, robotics and high technology agriculture.
Deputy Ambassador of Israel to Vietnam Shirel Levi said incubation and investment programs for startups in Ho Chi Minh City, including SpeedUp, are efficient. Through the Israel Innovation Authority, Israel will provide US$10,000 for startups and accelerate them through the Ho Chi Minh City Department of Science and Technology’s SpeedUp program. The Israeli side wants the department to share cooperation programs between the city and other countries, including Australia and New Zealand.
See also

Seven technologies to watch in 2023
06:00 | 07/02/2023 Science - Technology

Technology trends to watch in 2023
06:00 | 05/02/2023 Science - Technology

Managed security provides IT talent gap solution for businesses in SEA
16:34 | 30/01/2023 Information technology

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated
09:23 | 30/01/2023 Science - Technology

WHO to share mRNA vaccine technology with VietNam
09:14 | 30/01/2023 Science - Technology

Welcoming the year of digital data for Vietnam
16:57 | 22/01/2023 Digitalization
See more news

Vietnamese animation studio won legal case on copyright infridgement in Russia
11:14 | 11/01/2023 Startups

Top 10 ICT developments in 2022
06:00 | 11/01/2023 Information technology

First retrofitted Emirates A380 enters service
17:41 | 10/01/2023 Science - Technology

Cybersecurity resilience emerges as top priority for Vietnamese organizations
15:39 | 05/01/2023 Information technology

Customs sector leads in IT application
06:00 | 05/01/2023 Digitalization

“Striking” Differences – New Research Helps Explain Why Obesity Is More Dangerous for Men
06:00 | 03/01/2023 Science - Technology

State, Party award scientific, cultural excellence
06:00 | 22/12/2022 Science - Technology

Protecting intellectual property
06:00 | 09/12/2022 Science - Technology

Vietnam, a high potential blockchain market
06:00 | 07/12/2022 Digitalization

FortiGuard Labs predicts the convergence of advanced persistent threat methods with cybercrime
10:20 | 25/11/2022 Information technology

Foreign visitors to Vietnam surge 44.2 times
09:12 | 08/02/2023 Infographic

British official in Vietnam to boost accession to CPTPP
09:00 | 08/02/2023 News and Events

Banks lower saving interest rates right after Tet
08:22 | 08/02/2023 Finance-Banking

Positive signs for Vietnam’s labour market
07:00 | 08/02/2023 Society

Artists Cơ, Nghiệp set Guinness World Record in last int'l show
06:00 | 08/02/2023 Lifestyle
Multimedia

Foreign visitors to Vietnam surge 44.2 times
09:12 | 08/02/2023 Infographic

The woman who revived Kim Hoang folk paintings
06:00 | 04/02/2023 Entertainment

Artists Cơ, Nghiệp set Guinness World Record in last int'l show
06:00 | 08/02/2023 Lifestyle

The unique Giong Festival of Hanoi
09:00 | 07/02/2023 Photo

Ministry of Industry and Trade: New posture and mindset for the new development period
11:41 | 17/01/2023 Longform

Screening tools to enhance FDI quality
06:00 | 05/02/2023 Policy

Prime Minister demands faster disbursement of public investment capital
17:29 | 03/02/2023 Policy

Deputy FM highlights role of economic diplomacy in service of national development
11:05 | 01/02/2023 Policy

Việt Nam supports expansion of UN Security Council
06:00 | 30/01/2023 Policy

Industrial production: Achievements and lessons
06:00 | 08/02/2023 Industry

Food and beverage industry to do well this year despite modest economy
13:00 | 03/02/2023 Industry

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization
15:05 | 02/02/2023 Industry

Hanoi eyes 950 firms in support industries this year
06:00 | 02/02/2023 Support industries

Hanoi, HCM City record highest disbursement of public investment capital in January
08:20 | 07/02/2023 Domestic investment

Hai Phong pledges optimal conditions for investors
09:00 | 04/02/2023 FDI

Greening foreign investment
06:00 | 03/02/2023 FDI

Southeast region prepares for new FDI wave
09:18 | 02/02/2023 FDI

Banks lower saving interest rates right after Tet
08:22 | 08/02/2023 Finance-Banking

Foreign investors remain optimistic about Vietnamese stock market
09:03 | 06/02/2023 Stock Market

Tax revenue up 4.4 percent year-on-year in January
08:40 | 03/02/2023 Finance-Banking

State-owned banks under capital increase pressure
10:52 | 01/02/2023 Finance-Banking

Vietnam looks ahead to 2023 climate summit
06:00 | 25/12/2022 Environment

Preserving nature, facilitating business
06:00 | 10/12/2022 Environment

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather
11:40 | 24/11/2022 Environment

JTI Vietnam commits to net zero greenhouse gas emissions
16:25 | 15/11/2022 Environment

Seven technologies to watch in 2023
06:00 | 07/02/2023 Science - Technology

Technology trends to watch in 2023
06:00 | 05/02/2023 Science - Technology

Managed security provides IT talent gap solution for businesses in SEA
16:34 | 30/01/2023 Information technology

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated
09:23 | 30/01/2023 Science - Technology

Positive signs for Vietnam’s labour market
07:00 | 08/02/2023 Society

Illegal fishing tackled with drastic measures to remove 'yellow card'
11:13 | 07/02/2023 Society

Hunting for real estate investment opportunities after Tet
09:32 | 03/02/2023 Property

Vietnamese university up 97 places in Webometrics ranking
10:00 | 02/02/2023 Society

JTI Vietnam certified as Top Employer for 3rd year
15:05 | 07/02/2023 Companies

Doosan Vina and Chung Ang University continue educational CSR program
10:32 | 06/02/2023 Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development
13:00 | 10/01/2023 Companies

VIMC embarks on strong recovery
06:00 | 10/01/2023 Companies

Artists Cơ, Nghiệp set Guinness World Record in last int'l show
06:00 | 08/02/2023 Lifestyle

The unique Giong Festival of Hanoi
09:00 | 07/02/2023 Photo

Late artist Nguyen Tu Nghiem's works on display in rare exhibition
08:00 | 07/02/2023 Lifestyle

The woman who revived Kim Hoang folk paintings
06:00 | 04/02/2023 Entertainment

Foreign visitors to Vietnam surge 44.2 times
09:12 | 08/02/2023 Infographic

About nine million Vietnamese travel during Tet holiday, revenues down
09:00 | 07/02/2023 Tourism

18,000 tourists spend US$18.3 million on foreign tours during Lunar New Year
08:00 | 05/02/2023 Tourism

Vietnam listed among top places to visit in the New Year
06:00 | 04/02/2023 Tourism