To mark national startup day, Techfest Vietnam 2019 is set to be held by the Ministry of Science and Technology from December 4- 6 in the northern province of Quang Ninh, according to information released during a press conference in Hanoi on November 19.

Deputy Minister of Science and Technology Tran Van Tung speaks
at the press conference.  

Upon addressing the event, Deputy Minister of Science and Technology Tran Van Tung highlighted the occasion as a platform during which a sharing network can be developed between local innovative startups and the regional and global startup ecosystem.

In addition, domestic firms can stay up to date with the latest technology trends and connect to a global network of venture capital funds and angel investors, as well as large domestic and international businesses.

The annual event is held as part of the 'National Programme for Supporting an Innovative Start-up Ecosystem through 2025' project which received approval by the Prime Minister in 2016.

In order to utilise all of the resources of Techfest Vietnam 2019, the Ministry of Science and Technology has started to co-operate with localities in a bid to organise Techfest events in four key economic areas, including Ba Ria Vung Tau, Hanoi, Can Tho, and Lam Dong. 

Aside from promoting Vietnam's innovative startup ecosystem to the world and attracting international financiers to put money into domestic startups, the Ministry of Science and Technology has recently organised international Techfest events in the United States, the Republic of Korea, and Singapore. 

Pham Hong Quat, Director of the Market and Enterprise Development Department under the Ministry of Science and Technology, said Techfest Vietnam 2019 will provide a venue for 250 potential startup businesses and approximately 200 local and international investors to join 150 major enterprises, economic groups, and start-up support organisations.

Over 300 investors are poised to take part in the event, which will see the participation of 100 domestic and international journalists along with roughly 6,000 visitors.

The organisers have expressed their hope that the occasion will contribute to introducing a range of the nation’s innovative startups, products, and services, as well as developing Vietnam into one of the region’s top countries in terms of innovative startups.