HANOI -- Vietnam will launch a program to accelerate the founding of startups in information technology and other high-tech businesses in a bid to boost the country's growth potential as COVID-19 weighs on the economy.
Starting on Oct. 5, the new program is a set of incentives to encourage innovative startups engaged in "telecommunications businesses, information technology, automation and other related businesses," according to a decree approved at the end of August. Startups engaged in "new and clean energy" and in the "production of intermediate goods participating in value chains and industry clusters" are also eligible.
