Ho Chi Minh City will be a laboratory for innovation

NGUYỄN ĐĂNG |

Ho Chi Minh City will have a flexible mechanism to support startups, especially in the field of AI to create practical products, serving people's lives.

On the afternoon of July 22, Tuoi Tre Newspaper organized a Startup Seminar in the context of AI development, as well as announced the Startup Award 2025 series of activities with the theme "With AI, create the future".

Attending the event, Mr. Tran Trong Tuyen - Deputy Director of the Department of Science and Technology of Ho Chi Minh City emphasized the important role of AI in creative startups and promoting innovation. According to him, Ho Chi Minh City has a very vibrant innovation ecosystem, accounting for 40-60% of the number of startups, incubation facilities, investment capital, etc.

" state-owned startups will not be alone, the state, institutes, schools and intermediary organizations will accompany creative startups. Ho Chi Minh City has been and will be a laboratory for innovation, if you have ideas, Ho Chi Minh City will have policies, data infrastructure, support after the product is completed...", Mr. Tuyen shared.

TPHCM co nhieu hoat dong de thuc day doi moi sang tao tai dia phuong. Anh: Quang Dinh
Ho Chi Minh City has many activities to promote innovation in the locality. Photo: Quang Dinh

Meanwhile, Associate Professor. Dr. Vu Hai Quan, member of the Party Central Committee, Director of Ho Chi Minh City National University, emphasized the importance of resources from students to promote innovation.

Having received in-depth training in AI, according to Mr. Vu Hai Quan, when starting a business, young people do not necessarily have to think about big problems. As long as ideas can help improve processes, they also deserve recognition. He said: "There is no need to have a lot of money. When the idea is feasible, there will always be people willing to invest".

Sharing the perspective of a technology lion on the AI wave, Mr. Le Hong Minh - founder and chairman of the Board of Directors of VNG Joint Stock Company, gave advice to young people to start a business. According to him, starting a business should start from reality, because the first thing for them to think about is funding.

Instead of spending time developing products and then selling them to businesses, according to Mr. Minh, young entrepreneurs need to meet businesses to clearly understand their needs and requirements and solve problems for businesses.

According to Mr. Le Hong Minh, AI is an industry that is very demanding for human resources and through knowledge when working directly with businesses, combined with their own research ideas, startups can completely accumulate some capital, thereby investing and building their own projects.

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