The innovative startup ecosystem is witnessing the emergence and new contributions of innovative start-ups with social impact. With a new technology platform, businesses have launched many new, fast-growing business models, contributing to solving social and environmental problems. This trend requires timely support mechanisms and policies so that businesses can simultaneously achieve the two goals of creating economic value and solving social and environmental issues.

Talking to People’s Newspaper, Ms. Nguyen Phuong Linh – Executive Director of Management and Sustainable Development Institute (MSD), Head of the Social Challenge and Innovation Village of Techfest commented: “In the context of Covid-19, the more obvious environmental challenges become, the more problems of poverty and inequality increase, the more solving these problems of society is a matter of priority and a top need of the market. The World Economic Forum has also released 10 technology trends, which highlight technology trends in education, healthcare, and reaching vulnerable groups such as children, the elderly, the poverty, people with disabilities, promotion of supply chains, etc. Enterprises that grasp opportunities and trends and take the lead and lead change will have the opportunity to develop and expand their scale significantly in this period. More and more domestic and foreign investors are interested in investing in start-ups to create social values. For example, the Shinhan Square Bridge program has invested $1.5 million between 2021 and 2023 to support the development of innovative start-ups that address social challenges in Vietnam.”

See the full article (in Vietnamese) at: Tạo hành lang hỗ trợ các start-up “xanh” – Báo Nhân Dân (nhandan.vn)