Post by : Shakul

Le Tien Chau emphasized that student entrepreneurship in Vietnam must move beyond being a symbolic movement and transform into a practical, results-driven effort. He stated that the focus should shift from ideas to real products and from classrooms to the market, ensuring that innovation leads to tangible outcomes.

He made these remarks while attending the 8th National Student Entrepreneurship Day held at the Banking Academy in Hanoi. The large-scale event brought together around 10,000 students, experts, and stakeholders over three days, highlighting Vietnam’s growing commitment to innovation and youth-led startup development.

The festival included a wide range of activities such as an entrepreneurship forum, project exhibitions, investment networking sessions, and the final round of the “Students with Entrepreneurship Ideas” competition. It also marked the launch of the “Support for Student Entrepreneurship Program 2026–2035,” which aims to strengthen long-term startup growth and provide structured support for young innovators.

The event saw strong participation and reflected a clear focus on promoting innovation, encouraging startup culture, and supporting youth-driven ideas. It highlighted the importance of creating opportunities for students to transform their concepts into practical and scalable business solutions.

According to the Deputy Prime Minister, supporting student entrepreneurship is not just an educational goal but a national strategic priority. He stressed that a strong innovation ecosystem, combined with a creative and skilled young workforce, is essential for achieving sustainable economic growth and maintaining global competitiveness.

Over the past eight years, Vietnam has made notable progress in this sector, with approximately 300 student-led startups emerging. Many of these initiatives have successfully evolved into businesses, secured funding, and entered the market, particularly in fields such as green technology, biotechnology, and digital healthcare.

However, challenges still remain as some startup activities lack depth and are not closely aligned with market demands. There are also gaps in support mechanisms and limited coordination between educational institutions, businesses, and investors, which can hinder the growth of promising ideas.

To address these issues, the government has introduced key policies, including Decision No. 336/QD-TTg and the National Strategy for Innovative Entrepreneurship. These measures aim to create a more supportive environment for startups and position innovation as a central driver of national development.

The Deputy Prime Minister emphasized the need for coordinated efforts among ministries, educational institutions, businesses, and organizations. He also encouraged students to look beyond competition results and focus on continuous learning, personal growth, and transforming their ideas into meaningful contributions that benefit society and the nation.

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