400 startup young businesses receive government support

Over 400 graduates and young members of communist union in the Highlands province of Lam Dong partook in a meeting to exchange their startup business and ideas.

At themeeting (Photo: SGGP)

At themeeting (Photo: SGGP)

The Vietnam Chamber of Commerce and Industry (VCCI) and the local government organized the meeting in Da Lat University last weekend.

Deputy Chairman of People’s Committee Phan Van Da said that the committee has issued a project to back startup people until 2020.

As per the project, the province government will give financial aid of around half of expenditure with maximum of VND100 million ($4,398) for individuals and enterprises on the way to open their startup business.

Additionally, the local government back half of expenditure for scientific application to create new products with maximum of VND50 million for each product. Moreover, startup businesses will receive support when they ask for loan from the fund for startup business and the fund for development of science and technology.

At the meeting, businesspersons and leaders of agencies shared their experience and policies and help graduates and young people in their startup ideas.

By DOAN KIEN – Translated by UYEN PHUONG

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