Ho Chi Minh City enters Top 100 global startup ecosystems

Ho Chi Minh City's entry into the Top 100 global innovation startup ecosystems marks a significant achievement, placing it at 98th worldwide. This accomplishment, realized four years ahead of the 2030 target, underscores the city's dynamic growth and commitment to fostering a vibrant entrepreneurial environment. As reported by Thanh Niên, this recognition is not merely a symbolic victory but a testament to the concerted efforts of various stakeholders, including startups, investors, academic institutions, and government bodies.

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This is the first time Ho Chi Minh City has officially been in the Top 100 global innovation startup ecosystems, and it is the highest ranking ever.

The city's performance extends beyond the global ranking, with notable positions in regional comparisons. Ho Chi Minh City leads Southeast Asia in ecosystem maturity, reflecting its capacity to nurture startups with strong growth potential and market expansion capabilities. It also ranks highly in the Asia-Pacific region for startup community vibrancy and demonstrates particular strength in fintech and blockchain, signaling its emergence as a key player in these cutting-edge sectors.

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The position of 98th globally is the result of sustained efforts and the collaboration of many components within the ecosystem.

This success is a clear indicator that Ho Chi Minh City's initiatives to improve its startup environment and enhance international connectivity are gaining traction. The city's leadership, through the Department of Science and Technology, views this as a crucial step towards aligning with international standards and creating a more conducive atmosphere for tech companies and startups. The inclusion in the Top 100 is expected to boost the city's international profile, attract further investment, and facilitate innovation collaborations.

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This result shows that Ho Chi Minh City's innovative startup ecosystem is undergoing positive changes, gradually approaching international standards.

While celebrating this milestone, the city acknowledges that there is still room for improvement, particularly in support mechanisms and innovation infrastructure. However, the current momentum provides a strong foundation for continued development. From a Vietnamese perspective, this achievement is a source of national pride, showcasing the country's growing capacity for innovation and its integration into the global economic landscape. It highlights the potential for Vietnamese cities to compete on the world stage and contribute to the nation's technological and economic advancement.

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This result not only contributes to enhancing the city's position and international recognition but also creates more favorable conditions to attract investment resources, experts, and innovation cooperation activities in the coming time.