Franchising is an effective strategy for international market expansion across all sectors.

Startup Vietnam Frontier - Australia (SVF-AU) and the Vietnam Australia Innovation Network Inc (NIC-AU) have launched the 2021 Hack4Growth Australia, with the aim of promoting the ecosystem for innovative start-ups.

Start-ups globally have been in a critical condition recently, as COVID-19 has forced many private equity firms to cut their investment. Many Vietnamese start-ups have, however, shown their resilience by successfully attracting foreign investors.

The top 60 Vietnamese start-ups chosen from thousands of contestants competed at the semi-final round of the 2020 Vietnam Start-up Wheel contest in HCM City on November 13.

Investment in Vietnamese start-ups is growing sharply with millions of dollars pledged in 2019 and the first two months of 2020, according to Singaporean venture capital firm Cento Ventures.

Overcoming human resources problems, understanding local cultures and finding reliable partners are needed for Vietnamese start-ups to “go global,” the CEO of Grab Financial Group Vietnam Nguyen Tuan Anh has said.

The national innovative start-up day, Techfest 2019 kicked off on December 4 in Ha Long city, the northeastern province of Quang Ninh.

A series of seminars and business-to-business matching events were held in Seoul and Busan port cities, the Republic of Korea (RoK) during November, within the framework of the Techfest Vietnam 2019.

In the absence of suitable legal framework, Vietnamese start-ups are struggling to secure much-needed capital while investment funds have difficulties navigating the country’s numerous regulatory barriers, said fund managers and policy researchers.

Representatives of the blockchain industry in Vietnam have asked for a ‘sandbox’ for the technology while meeting with Government agencies at a conference on in Hanoi on September 18.

Vietnamese start-ups that wish to go global must have a “global mindset” and “decision-making power” and be willing to “take risks” to capitalise on the opportunities for success in the digital economy, experts have said.

The Vietnam Venture Summit 2019, the first of its kind, will take place in Hanoi on June 10, providing a dialogue platform between the Vietnamese government and major international venture funds.

Vietnamese start-ups are still not paying adequate attention to registering intellectual property, although this type of intangible asset plays a significant role in their future development.

Prime Minister Nguyen Xuan Phuc has asked the Lotte Group of the Republic of Korea (RoK) to foster the growth of Vietnamese start-ups by setting up a fund to support young business hopefuls.

VietChallenge, a global entrepreneurship competition for Vietnamese, was launched in Hanoi on November 14.

Three Vietnamese start-ups will travel to Malaysia to seek business opportunities in the country under an exchange programme for start-ups entitled “Runway to the World”.

A two-day forum connecting more than 150 domestic and foreign start-ups wrapped up in Ho Chi Minh City on June 27.

The Israeli Government has devised policies and provided consultancy to support the development of Vietnamese start-ups, said Israeli Ambassador to Vietnam Nadav Eshcar.

Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on June 13 for Kim Do-hyun, newly-appointed Ambassador of the Republic of Korea (RoK) to Vietnam.

Google and Gimasys introduced the Google Cloud Platform to Vietnamese start-ups, especially those operating in e-commerce, on August 26.