Within the framework of the Danang Venture and Angel Summit 2025 (DAVAS 2025) event held in Danang, on May 30, Vietnam Prosperity Joint Stock Commercial Bank ( VPBank ) signed a Memorandum of Understanding (MOU) on strategic cooperation with the Danang Center for Supporting Innovative Startups.
This is an important step to connect financial and technological resources with the city's innovative startup ecosystem, especially in the context that Da Nang is being oriented to become a startup hub in Southeast Asia.
This cooperation agreement continues to affirm VPBank's strong commitment to its long-term strategy of accompanying the startup community. Since 2017, VPBank has spent up to 1 million USD to implement the VPBank Startup project - a comprehensive support program including building a co-working space called UP@VPBank, organizing training courses with the direct participation of senior bank leaders, and sponsoring operating costs and awarding prizes to potential startups in innovation competitions.
Danang Center for Supporting Innovation and Startups, a public service unit under the Department of Science and Technology of the city. With clear direction from Resolution 43-NQ/TW of the Politburo , Danang is aiming to become one of the economic - social, innovation centers, with a dynamic and internationally competitive startup ecosystem. The center was established to connect and promote domestic and foreign resources to join hands to develop this ecosystem in a sustainable manner.
Representatives of the two sides at the signing ceremony of innovation cooperation (Photo: Organizing Committee).
According to the cooperation content, VPBank SME and the Danang Center for Supporting Innovative Startups will coordinate to implement activities to promote innovation and innovative startups in Danang city.
Emphasizing the organization of specialized training courses on digital banking and financial technology for components of the startup ecosystem such as businesses, startup support organizations, investment funds, universities, state organizations and international partners operating locally.
VPBank SME will have the opportunity and space to build and invest in digital infrastructure to serve testing and deploy digital banking products and services suitable to the city's current situation and development orientation.
The two sides also agreed to organize forums, competitions, conferences, and workshops on innovation and financial technology to strengthen connections within the startup community and promote the image of Da Nang city as an attractive destination for startup investors. Startups that need to develop financial products or need support from the digital banking system will be directly connected and accompanied by VPBank SME.
In addition, VPBank SME and the Center will act as sponsors for joint activities, exchanges of experts, scientists, and investors to contribute to improving operational capacity and expanding the scale of functional activities of both parties.
Mr. Nguyen Viet Toan - Director of the Danang Center for Supporting Innovative Startups - said: “The signing of the cooperation agreement with VPBank will help increase the connectivity of the startup ecosystem with the mainstream financial sector, supplementing professional, technological and financial resources to accelerate the transformation and development process. At the same time, this is also a foundation for the Center to promote its role in coordinating the startup ecosystem in the city, spreading cooperation models to the Central and Central Highlands regions, the country and internationally”.
Representative of VPBank, Mr. Chu Minh Tuan - Director of VPBank Digital Product and Payment Solution Business Center - shared: "This cooperation not only strengthens VPBank's position as a pioneer bank in digital transformation but also expands the SME and startup customer ecosystem in the Central region - an area with great potential. This is also an opportunity for VPBank SME to test new products on a group of dynamic customers who are ready to experience and have a high growth rate".
For the startup community, the cooperation between the two units opens up opportunities for easier access to digital financial solutions - a major barrier for startups in the early stages. Preferential business account packages, card products or startup credit packages will be practical benefits to help startups increase their competitiveness in the market.
The cooperation between VPBank and the Danang Center for Supporting Innovative Startups marks the beginning of a series of deeper cooperation initiatives between the bank and the startup ecosystem in Danang in particular and the startup community nationwide in general. With a common vision of creating a dynamic, professional, and internationally integrated startup ecosystem, the two sides have begun implementing detailed plans for the next stages.
Source: https://dantri.com.vn/kinh-doanh/vpbank-sme-hop-tac-cung-trung-tam-ho-tro-khoi-nghiep-doi-moi-sang-tao-da-nang-thuc-day-startup-20250531190602575.htm
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