PROMOTING START-UP BUSINESS IN VIETNAM AND LESSONS TO LEARN FROM KOREA AND SINGAPORE

Abstract

In the past few years, under the government's encouraging policies, many programs, policies and support funds have been developed to promote the domestic entrepreneurial campaigns. However, the start-up business still has many limitations that need to be resolved. Thus, the article provides some of the start-up experiences in Korea and Singapore as suggestions for improving the entrepreneurial ecosystem in Vietnam: analyzing and assessing the status of entrepreneurial activities to suggest consistent and synchronized policies from national to local level; creating the spirit of startup nation; and connecting new entrepreneurs with capital investment.