Saigon Innovation Hub opens in HCM City

Launched by the Ho Chi Minh City’s Energy Conservation Centre (ECC) under the municipal Department of Science and Technology, the facility will work to assist the startup community toward making the locality a “startup city”.

Director of the Department of Science and Technology Nguyen Viet Dung said SIHUB will be a channel linking the department and the startup community, hence they will make use of the city’s supporting policies, and public resources.

According to the ECC, SIHUB will prioritize projects in four key industrial sectors of the city, which are food processing, electronic-information technology, mechanical manufacturing, and chemistry (rubber, plastic, pharmaceuticals).

The launching event witnessed the signing of cooperative projects in the framework of the Mekong Business Initiative (MBI) and the Vietnam Angle Investor Network (iAngle).

Dominic Mellor, Head of MBI project who is also a senior economist of the Asian Development Bank (ADB), said SIHUB will be a catalyst for the city’s development, adding that the centre will serve as a dialogue channel among businesses, local officials, policy makers to discuss development opportunities.