Deploy support programs for young people to start and develop businesses in Vietnam

Deploy support programs for young people to start and develop businesses in Vietnam
Nguyễn Thị Diễm My

On July 26, 2022, the Prime Minister issued Decision 897/QD-TTg approving the Program “Youth Entrepreneurship Support” phase 2022-2030.

Specifically, in Vietnam's program "Youth Entrepreneurship Support" for the period 2022–2030, the tasks of supporting young people starting up and developing businesses in Vietnam are identified as follows:

- To search, sort, and consolidate potential startup ideas;

- To help young people improve their business capacity and start-up;

- To support young start-ups to access capital sources and domestic and foreign investors;

- To build and develop channels to support the distribution and consumption of youth start-up products;

- To provide legal advice to young people starting a business;

- To support in linking and developing start-up business networks.

At the same time, promote research, policy proposals, inspection and supervision in Vietnam with the following content:

- To research, send feedback, adjust, supplement, and propose new policies to support youth entrepreneurship and business development by object and region;

- To organize "Youth Entrepreneurship Forum" dialogue programs;

- To consult and recommend policies to attract resources from overseas youth and international students to start their own businesses;

- To develop documents to summarize the state's policies to support youth entrepreneurship;

- To supervise the implementation of propaganda, law dissemination, and policy implementation on business development and entrepreneurship for young people;

- Social criticism on draft policies and laws on business development and supporting youth entrepreneurship.

Vietnam's Decision 897/QD-TTg takes effect from the date of signing.


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