Deputy Prime Minister Nguyen Chi Dung chaired a meeting with ministries and branches on the national innovative startup project on August 1.

At the meeting, a representative of the Ministry of Science and Technology reported on the development of the project.

According to the direction of the Prime Minister, the tasks and solutions of the project need to focus on reviewing and supplementing a number of key contents such as raising people's awareness of entrepreneurship and innovation; emphasizing that entrepreneurship has no boundaries or age limits; mobilizing the participation of all people in the innovation movement; and researching and perfecting institutions and policies.

Stressing the project's viewpoint of spreading the entrepreneurial spirit throughout society, with all people participating in creative startups and digital transformation, the project will identify startups as being linked to the country's rapid and sustainable development, making an important contribution to GDP growth and labor productivity growth.

After receiving feedback, the ministry has completed the project by expanding the concept of entrepreneurship to include individuals, business households, cooperatives, and innovative startups, diversifying models in the spirit of a startup nation where everyone starts a business, and reducing barriers.

Startups will be based on creative ideas, technology, and especially digital transformation.

Deputy PM Dung emphasized that the project should focus on creative startups. According to him, this means promoting startups in innovation and relying on technology, digital platforms, and the digital environment to develop ideas, and providing support from the incubation of ideas to the trial production, investment testing, and commercialization of products.