Ho Chi Minh City’s central urban area sits peacefully by the Saigon River. (Photo: Hong Dat/VNA)
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On the afternoon of May 20, Ho Chi Minh City’s Department of Science and Technology announced that, according to the official report of StartupBlink, the city has climbed one spot to 110th place in the global startup ecosystem ranking, the highest position ever.
For the first time, the city entered the Top 5 most innovative startup ecosystems in Southeast Asia.
The StartupBlink Ranking is a reputable global evaluation tool that measures startup ecosystems based on criteria such as the number of startups, the quality and scale of supporting resources (such as incubators, investment funds, and co-working spaces), global connectivity, local policies, and innovation capabilities.
According to StartupBlink, Ho Chi Minh City has risen in the global rankings for four consecutive years, especially in the Fintech field, with a high growth rate. It is currently ranked in the global Top 30 for Blockchain and is second in Southeast Asia. The city is Vietnam’s most vibrant and dynamic startup hub. It has made significant progress in terms of infrastructure support and is gradually becoming a notable destination in the region with a creative and dynamic startup community, strong support from the city government, and an ever-improving business environment.
“The improvement in StartupBlink’s ranking is a well-deserved recognition of the combined efforts of the entire political system and the city’s innovation and startup ecosystem,” said Lam Dinh Thang, Director of Ho Chi Minh City’s Department of Science and Technology. “Ho Chi Minh City aims to bring its startup and innovation ecosystem into the Top 100 most dynamic ecosystems globally by 2030. The city focuses on three main areas: policies, infrastructure, and human resources. While ranking is important, the city emphasizes that what matters more is the substantive quality and sustainability of the ecosystem,” emphasized Mr. Lam Dinh Thang.
This year’s improvement not only reflects Ho Chi Minh City’s continuous efforts to improve its startup environment but also provides an opportunity for the city to reassess and reposition itself within the global startup ecosystem landscape.
Ho Chi Minh City will develop and seek expert opinions on the Plan for the Development of the Innovation and Startup Ecosystem for the period of 2025-2030. This is also a necessary step in implementing the Resolution 57-NQ/TW, aiming to bring the city into the Top 100 global innovation and startup ecosystems in the coming years.
Da Nang jumped 130 places in the 2025 global startup ecosystem ranking.
On May 20, the Da Nang Innovation and Startup Support Center (under the Da Nang Department of Science and Technology) announced that the city had made a remarkable leap, climbing 130 spots to 766th place in the “2025 Global Startup Ecosystem Index” report published by the StartupBlink Global Startup Ecosystem Research and Mapping Center.
Exhibition area introducing AI technology products, AI ecosystem, and city policies to promote AI development in Da Nang. (Photo: Quoc Dung/VNA)
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Da Nang was also among the 12 prominent global ecosystems selected to present at the “2025 Global Startup Ecosystem Index” webinar and was recognized as one of the hottest global startup ecosystems in 2025.
According to the Da Nang Innovation and Startup Support Center, the international recognition of Da Nang is clear evidence of the city’s strategy to build a comprehensive innovation ecosystem, with pioneering technologies as its foundation: artificial intelligence (AI), semiconductors, blockchain, biotechnology, quantum computing, and renewable energy…
Da Nang envisions becoming a leading innovation and startup hub in Asia by 2045.
Along with expanding international cooperation, Da Nang is gradually asserting its position as a central economic and technological center of the region, while also aiming to become a national innovation and startup hub.
In recent years, Da Nang has issued nearly 30 policies to support innovation and startups, many of which are breakthrough and pioneering policies in Vietnam. Specifically, these include controlled experiments of new technology solutions, tax exemptions for innovation and startup activities and their support systems, and support for the use of scientific and technological infrastructure assets…
In addition, Da Nang is also implementing several strategic infrastructure projects, such as the headquarters of the Innovation and Startup Space, Software Park No. 2, which can accommodate 6,000 tech workers, and a modern digital infrastructure system that meets international standards.
Currently, Da Nang boasts a diverse and dynamic startup ecosystem, organizing over 50 large and small events annually, attracting thousands of participants from Vietnam and abroad.
Numerous co-working spaces, incubators, and startup support centers have been established, providing an excellent platform for the city’s young entrepreneurial community.
The ability to provide high-quality human resources is another strength of Da Nang. With 18 universities, 15 colleges, 44 vocational training institutions, research institutes, and training facilities, as well as affiliations with universities outside the city, Da Nang’s annual training capacity exceeds 100,000 students.
The city also boasts a team of 251 professors and associate professors, along with research experts, intellectuals, and a large number of science and technology personnel from various universities.
The city’s open and startup-friendly environment, coupled with strong connections to domestic and international startup networks, creates a favorable landscape for the development of its startup ecosystem.
Da Nang attracts the startup community as it is the first city in Vietnam to pilot the establishment of a Free Trade Area and an International Financial Center, attracting strategic partners, financial institutions, support services, legal services, and law, accounting, and auditing consulting firms…
Previously, Da Nang had also been honored four times with the title of “Attractive Innovation and Startup City” in 2020, 2022, 2023, and 2024 by the Vietnam Software and IT Services Association. It is the only locality in Vietnam to have consecutively received the Smart City Excellence Award for five years. The city was also recognized by the Vietnam Chamber of Commerce and Industry as a “Typical Locality in Building an Innovation and Startup Ecosystem” and was assessed by the Ministry of Science and Technology as a locality with outstanding contributions to the national innovation and startup ecosystem.
In 2024, Da Nang ranked 5th out of 63 provinces and cities in the Provincial Innovation Index (PII) evaluated by the Ministry of Science and Technology…
Tin: Tien Luc – Anh: Quoc Dung
– 6:52 PM, May 20, 2025
Establishing an Appraisal Council for the Pre-feasibility Study Report of the Metropolitan Railway Line 1 Project
“Vietnam’s Deputy Prime Minister, Tran Hong Ha, has signed Decision No. 969/QD-TTg on May 18, 2025, to establish a State Appraisal Council. This council will be responsible for appraising the pre-feasibility study report for the highly anticipated Urban Railway Line No. 1 project, connecting the new city of Binh Duong and Suoi Tien in Ho Chi Minh City. This development marks a significant step forward in Vietnam’s urban infrastructure plans.”
Conic Boulevard: A Lush, Green Oasis with a Comprehensive Range of On-Site Amenities
Conic Boulevard is emerging as a shining star in the context of the growing trend of residential relocation to the west of Ho Chi Minh City. This vibrant community stands out by seamlessly blending modern living spaces with a comprehensive range of onsite amenities, offering a harmonious and convenient lifestyle to its residents.
The Ever-Expanding Metropolis: Extending Vo Van Kiet Street to Reach Long An
With a length of nearly 15km, a width of 60m, and impressive design speeds of 80km/h for motor vehicles and 60km/h for mixed-use lanes, the Vo Van Kiet Road extension project from National Highway 1 to Long An province is set to be a standout infrastructure development for Ho Chi Minh City. This ambitious project, scheduled for the 2026-2030 period, will undoubtedly enhance connectivity and ease transportation woes in the region.
A Sneak Peek at Ho Chi Minh City’s Most Advanced Interchange Underpass, Slated for a June Opening
The HC1 tunnel at An Phu intersection in Thu Duc City is nearing completion and is expected to be operational by the end of June. This development is a significant step towards alleviating traffic congestion at the eastern gateway to Ho Chi Minh City, providing a much-needed boost to the region’s infrastructure and connectivity.
The Four Breakthrough Resolutions: The ‘Fab Four’ Pillars Propelling the Country into a New Era
General Secretary To Lam emphasized that the four important resolutions issued by the Politburo in recent times will serve as foundational pillars, providing a strong impetus for our country’s advancement into a new era.
