Policies to Promote Start-up, Innovation and Developing SMEs in Vietnam: From Experiences of ASEAN Countries

Vietnam has good conditions for start-ups and development of SMEs because of young population, high internet penetration rate and the best IT personnel in South East Asia. However, Vietnam lacks many of the basic elements of a complete ecosystem of start-ups after a long period of self-development. According to the Startup Vietnam Foundation, in the flat world, global resources are a tremendous amount, free to move to where opportunities exist; some call centers cannot completely suck up and retain that free capital. Vietnam is gaining experiences of the policy support start-up and SMEs from ASEAN developed countries to complete Vietnam policies.