On the evening of December 13th, at Dong Kinh Nghia Thuc Square (Hoan Kiem Lake pedestrian area, Hanoi ), the National Creative Startup Festival (Techfest Vietnam) 2025, themed "Creative Startups for All - A New Driving Force for Growth," officially opened.
The event was organized by the Ministry of Science and Technology in coordination with the Hanoi People's Committee. Prime Minister Pham Minh Chinh attended and delivered a keynote speech at the event.
Also attending were: Politburo member, Secretary of the Hanoi Party Committee, and Deputy Head of the Central Steering Committee on Science and Technology Development, Innovation and Digital Transformation, Nguyen Duy Ngoc; Central Committee members: Huynh Thanh Dat, Deputy Head of the Central Propaganda and Mass Mobilization Department; Nguyen Manh Hung, Minister of Science and Technology; along with representatives from central and Hanoi city departments, ministries, businesses, investors, and the innovation community of the capital and the country.
To make the "heart of the nation" the center of incubation.
In his remarks, on behalf of the Party and State leaders, Prime Minister Pham Minh Chinh acknowledged, highly appreciated, and commended the ministries, sectors, and localities, especially the Ministry of Science and Technology, Hanoi, the TechFest organizing committee, and the experts, scientists, business community, and domestic and foreign organizations for their great efforts and contributions to the development of the startup and innovation ecosystem and the promotion of national digital transformation, making a significant contribution to the overall achievements of the country.
The Prime Minister emphasized that over the years, the Party and State have always paid attention to and issued many policies and mechanisms to promote entrepreneurship, innovation, and national digital transformation. The Politburo has issued strategic resolutions in many fields, including Resolutions No. 57, 59, 66, 68, 70, 71, 72… which identify science, technology, innovation, and digital transformation as key breakthroughs; require the acceleration of deep, substantive, and effective international integration; shift from a "management mindset" to a "development-oriented mindset"; reduce pre-approval and increase post-approval; identify the private sector as an important driving force of the national economy; develop green energy; and develop human resources....
The government has issued action programs to implement the Politburo's strategic resolutions with the goal of building a startup and innovation nation based on advanced technology, transparent institutions, smooth infrastructure, smart governance and human resources; developing an independent, self-reliant economy that is deeply, genuinely, and effectively integrated into the international community.
As a result, Vietnam's GII ranking increased from 71st out of 132 countries (in 2010) to 44th out of 133 countries (in 2025). The digital infrastructure is developing strongly (3G/4G coverage for nearly 95% of the population and 5G deployment is underway). The United Nations ranked Vietnam's e-Government Index in 2024 15 places higher than in 2022, placing it 71st out of 193 countries worldwide.
Prime Minister Pham Minh Chinh also assessed that, although encouraging initial results have been achieved, due to a slower starting point, Vietnam's startup and innovation ecosystem still lags behind the region and the world, and is not yet commensurate with the potential, intelligence, and capabilities of the Vietnamese people.
The Prime Minister requested that ministries, sectors, and localities, with the Ministry of Science and Technology playing a core role, proactively improve institutions and policies, remove barriers to new business models and technologies; accept risks and challenges in the process of testing and implementing new models, and at the same time establish a synchronized, open, and transparent risk management and monitoring mechanism.
In addition, focus resources on investing in technology infrastructure, innovation centers, and shared digital infrastructure; and operate synchronously platforms that support businesses such as accounting, taxation, human resource management, and finance.
The Prime Minister outlined several tasks requiring breakthroughs. These include: accelerating digital transformation so that 100% of administrative procedures serving citizens and businesses are carried out digitally, regardless of administrative boundaries, aiming for a paperless administration; developing virtual assistants in agencies and units; building a credit guarantee mechanism and specific lending for innovative startup projects based on technology and intellectual property; developing national, local, state-owned, private, university, and public-private partnership venture capital funds; and operating an efficient stock exchange for innovative startups.
The Prime Minister also requested the Ministry of Science and Technology to urgently finalize and submit the National Strategy on Startup and Innovation by December 2025. Hanoi will continue to strongly support and create favorable conditions to promote the development of startups and innovation, so that the "heart of the country" becomes a center for nurturing new ideas, solutions, and inventions, and a foundation for businesses to develop and expand into the region and the world.
Research institutes, universities, other science and technology organizations, and businesses should promote entrepreneurship training from high school to postgraduate level; build a system of in-depth training in STEM, innovation, and technology management; develop open laboratories, creative spaces, and centers to support the commercialization of research results. At the same time, strengthen cooperation between the "State-Universities-Scientists-Investors" to strongly promote research, technology transfer, and bring research into practice as soon as possible.
For businesses and investors, it is necessary to leverage their role as centers of innovation; proactively invest in new technologies and models, and participate in incubating and accelerating startups; form a leading business ecosystem, especially in strategic technology sectors; expand cooperation with domestic and foreign investment funds; and actively participate in developing the national venture capital market in stages.
People, especially the younger generation, should strongly promote the entrepreneurial spirit, daring to think, daring to act, daring to accept risks and failures as valuable lessons; forming a culture of innovation throughout society; proactively equipping themselves with knowledge and skills in technology and digital transformation.
The Prime Minister requested that TechFest next year continue its strong innovation, elevating it to regional and international levels, and deeply connecting domestic and international ecosystems. TechFest must become a platform to attract international resources, investment funds, experts, and technology corporations; promote negotiations and signing of investment agreements with technologically advanced countries; build and effectively operate startup centers; and create conditions for Vietnamese startups to participate, test, and expand in the global market.
With the motto "The State creates, businesses are pioneers, public and private sectors work together, the country develops, and the people are happy," the Prime Minister hopes and believes that TechFest 2025, in the spirit of "valuing intellect, seizing time, and making timely decisions," will be a great success. The national startup and innovation ecosystem will make great strides. Vietnam will become an attractive destination for technology talents and the innovative startup community from countries in the region and around the world.
10 exemplary localities developing innovative startup ecosystems.
Techfest Vietnam 2025 takes place in the context of the nationwide implementation of Resolution 57-NQ/TW of the Politburo on breakthroughs in science, technology, innovation, and national digital transformation, while the Government is finalizing the National Strategy on Creative Entrepreneurship. Techfest Vietnam 2025 holds special significance, as the spirit of "creative entrepreneurship is the cause of the whole people" is concretized through a completely new organizational model, expanding the space and enhancing interaction to allow people to directly access technology, business models, and startup support services.
At the event, Hanoi Party Secretary Nguyen Duy Ngoc presented commemorative plaques honoring the achievements of the three outstanding teams in the 3rd season of the Data for Life competition in 2025. Lieutenant General Nguyen Van Long, Deputy Minister of Public Security and Head of the competition's steering committee, also presented vouchers to the teams to participate in the Innovation Center.
The 3rd Data for Life competition in 2025, with a total prize value of over 900 million VND, recognizes the outstanding ideas, creative efforts, and commitment to the community of the participating teams, while also opening up opportunities for projects to continue to be supported, developed, and disseminated within the innovation ecosystem.
Minister of Science and Technology Nguyen Manh Hung awarded Certificates of Merit to 10 outstanding localities for their development of the innovative startup ecosystem in 2025. These localities have proactively created an environment for innovation; implemented initiatives suitable to their practical conditions; built infrastructure and support services; and spread the spirit of innovation to the community, especially the younger generation. Along with this, they have created a clear socio-economic impact, contributing to enhancing the competitiveness of the localities and the nation.
Specifically, the 10 localities are: Hanoi, Ho Chi Minh City, Da Nang, Hung Yen, Quang Ninh, Can Tho, Hai Phong, Bac Ninh, Khanh Hoa, and Hue.
Techfest Vietnam 2025 continues to affirm its role as the national forum for innovative entrepreneurship, connecting ideas, resources, and knowledge among startups, businesses, investors, universities, and the international community.
The event is an opportunity to update on new policies, seek investment opportunities, access pioneering business models, and spread the entrepreneurial spirit throughout the nation. Techfest Vietnam is not only a place to showcase real technology, real products, and real value, but also a meeting point to inspire aspirations to build Vietnam into a creative startup nation in the new development phase.
Source: https://nhandan.vn/viet-nam-se-tro-thanh-diem-den-hap-dan-cho-tai-nang-cong-nghe-post930047.html
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