VietNamNet Bridge - Vietnamese startups have attracted big infusions of cash and have great potential, but only a few of them have reaped fruit. 

VietNamNet Bridge - While Hanoi has proposed a trial policy to develop into a large entrepreneurial center, HCM City has drawn up five projects to realize the ambition of becoming Vietnam’s Silicon Valley.

VietNamNet Bridge - About 20 foreign venture funds exist in Vietnam, but they have only representative offices and have yet to set up funds.

Vietnam hopes foreign donors and partners to continue assisting Vietnam with preferential capital for developing economy, coping with climate change and realising the goals and programmes towards sustainable development. 

 Deputy Prime Minister Vuong Dinh Hue has said economic development, better living conditions and poverty reduction will be key to improve the effectiveness of religious and ethnic work. 

 Deputy Prime Minister Vuong Dinh Hue has questioned big differentials in statistics announced by ministries and agencies, saying the disparities make it hard for the Government to make good its macroeconomic management.

 Deputy Prime Minister Vuong Dinh Hue suggested Vietnamese and Lao Ministries of Finance enhance collaboration while receiving Laos’ Deputy Prime Minister and Minister of Finance Somdy Douangdy in Hanoi on August 4. 

 Politburo member and Deputy Prime Minister Vuong Dinh Hue has been appointed Head of the Steering Committee for the Southwest Region by the Political Bureau and Party Central Committee’s Secretariat.

VietNamNet Bridge - More than 60 percent of startups fail and 70 percent fail in the first year of operation. 

Deputy Prime Minister Vuong Dinh Hue has called for more support from Standard Chartered Bank to Vietnamese Government agencies.

VietNamNet Bridge - The idea of setting up a stock market specifically for startups was first raised at a workshop held in HCM City last week which discussed solutions for startups to seek capital.

  A stock exchange for start-ups would help them achieve better fund mobilisation for development, avoiding dependence on banks and private equity funds, Deputy Prime Minister Vuonng Diinh Hue has said.

Deputy PM Vuong Dinh Hue hosted a reception yesterday for a delegation from the Communist Party of Russia led by Leonid Kalashnikov, who is also First Deputy Chairman of the Russian State Duma Committee on International Affairs.

 Vietnam hopes to receive more support from the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank (WB) group for projects in Vietnam, Deputy Prime Minister Vuong Dinh Hue said.

 Truong Hoa Binh, Vuong Dinh Hue and Trinh Dinh Dung have been assigned to the post of Deputy Prime Ministers by the National Assembly.

As Minister of Finance, Vuong Dinh Hue has been assigned with another duty, the National Assembly will elect a new Finance Minister at the upcoming session, which will open on May 20 in Hanoi.

From February 6, Deputy Prime Minister Vu Van Ninh has been in charge of the Ministry of Finance. Finance Minister Vuong Dinh Hue will focus on the job at the Central Committee for Economics.