Da Nang People’s Committee Chairman Huynh Duc Tho has recently approved a project to expand the city’s start-up ecosystem by 2020, with a vision towards 2030.

Under the project, by 2020 Da Nang will have fully deployed national government-issued preferential policies for local start-ups, and perfected the city’s incentives for them. 

The focus will be on linking the municipal start-up portal with the national innovative and start-up one, giving financial aid for a total of 200 start-up projects, and establishing 100 new start-up businesses.

Also, between 8 and 10 new business incubators centres will be created in the city, especially in universities and private or public/private partnership businesses. 

More start-up training programmes will be introduced, and start-up clubs will be established at all local universities and colleges.  Importance will also be attached to setting up between 3 and 5 venture capital funds and establishing a municipal Start-up Support Fund.

By 2030, Da Nang aims to become one of the leading start-up hubs in Viet Nam, with sustainable development, an innovative start-up ecosystem, an improved legislative system, and a favourable investment environment for investors from both home and aboard.  The city aims to be attractive to start-up and innovative businesses from all ASEAN member countries.