VietChallenge motivates startup spirit among youngsters
A device which aligns and supports shoulders and spine to prevent backache and neck pains won the first prize of “VietChallenge”, the first global business idea contest for young Vietnamese.
The winning Bifrost Biotech team took the 10,000 USD cash prize (Source:VNA)
New York (VNA) – A device which aligns and supports shoulders and✤ spine to prevent backach🌳e and neck pains won the first prize of “VietChallenge”, the first global business idea contest for young Vietnamese.
The winning Bifrost Biotech team took the 10,000 USD cash prize, which was presented at the final round held at the Massachusetts Institute of Technology (MIT) in the US’s Boston city on April 1.
VietChallenge, organised by the Association of Vietnamese Students in the US, looks to nurture startup ideas among young Vietnamese around the world.
The competition attracted 80 teams with about 300 young Vietnamese across the globe, including those from the US, France, Italy, Japan, and Vietnam.
Addressing the event, Ambassador Nguyen Phuong Nga, Permanent Head of Vietnam's Mission to the UN, said that VietChallenge offers an ideal opportunity for young Vietnamese to introduce and realise their business ideas.
It also instills a spirit of entrepreneurship that could help the homeland’s current modernisation proce🦂ss, the Ambassador said.-VNA
Venture investment funds in Vietnam have been disbursing more money to targeted firms, particularly startups with potential, the English language news portal VietNamNet Bridge reported.
An event to promote links in innovation and creativeness between Vietnam and the US was jointly held by the Ministry of Science and Technology and the US Embassy in Vietnam, in Hanoi on March 7.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
The winning Bifrost Biotech team took the 10,000 USD cash prize (Source:VNA)
