During the National Student Entrepreneurship Day, Deputy PM Le Tien Chau urged Vietnamese student entrepreneurs to elevate their aspirations from mere concepts to market-ready products. He emphasized the necessity for innovation to yield practical results that surpass academic environments.
This statement was made at the 8th National Student Entrepreneurship Day, which took place at the Banking Academy in Hanoi, gathering around 10,000 students, experts, and industry leaders over the course of three days, showcasing Vietnam's dedication to nurturing innovation and young entrepreneurs.
The festival featured a variety of attractions, including an entrepreneurship forum, project displays, investment networking, and the finale of the "Students with Entrepreneurship Ideas" competition. Notably, it kicked off the "Support for Student Entrepreneurship Program 2026–2035," aimed at bolstering sustainable startup growth and offering comprehensive assistance to budding innovators.
The engagement at the event highlighted a decisive commitment to fostering a startup culture, promoting innovative solutions, and empowering students to convert their visions into viable enterprises.
According to the Deputy Prime Minister, backing student startups transcends educational objectives and emerges as a priority for national strategy. He underlined that nurturing a dynamic innovation ecosystem alongside a creative, skilled youth workforce is critical for sustainable economic progress and global competitiveness.
Vietnam has made remarkable strides in this arena over the past eight years, witnessing the birth of about 300 student-led startups. Many of these ventures have transformed into successful businesses, garnering funding and entering the commercial sector, particularly in areas like green technology, biotechnology, and digital health.
Nonetheless, obstacles persist, as some startup efforts lack depth and fail to resonate with market needs. Inadequate support systems and poor collaboration among educational institutions, businesses, and investors continue to challenge the growth of emerging ideas.
To tackle these challenges, the government has implemented essential policies, such as Decision No. 336/QD-TTg and the National Strategy for Innovative Entrepreneurship. These initiatives aim to cultivate a more favorable atmosphere for startups and position innovation as a cornerstone for national advancement.
The Deputy Prime Minister stressed the importance of coordinated initiatives among various sectors. He motivated students to move beyond mere competition outcomes and focus on continuous learning, personal development, and transforming their ideas into significant societal contributions.
