Feeds

Commies copying West again as Vietnam plans own Silicon Valley

At least they didn't go with 'Digital Mekong' or something even lamer

High performance access to file storage

Over 35 years after the Vietnam war ended, the communist Asian state is looking to the good ol’ US for its inspiration with a new government backed initiative designed to make a success out of its emerging technology industry.

The Silicon Valley Vietnam (SVVN) project will see the government stump up an initial $400,000 in a bid to create an entire ecosystem, the like of which has served its Californian namesake so well.

According to a graphic seen by TechInAsia, this includes development of entrepreneurship; mentoring; seed capital; start-up accelerators; venture capital; and IPO support.

The project is also focused on commercialising scientific research in the way US companies do so well, and Vietnam has even invited experts from Silicon Valley to come and advise on the initiative.

It’s a nationwide project which will apparently begin with the creation of two start-up accelerators at either end of the country – one in Hanoi and the other in Ho Chi Minh city.

Other details are pretty sketchy at the moment but it’s certainly an ambitious plan from the Ministry of Science and Technology.

The name aside, it remains to be seen how successful a government-directed project could actually be in nurturing a Silicon Valley-style ecosystem.

Things work so well in the US precisely because there is minimal state interference, after all.

One thing that might discourage budding entrepreneurs in Vietnam is the increasingly menacing interference by the government in restricting its citizens’ online freedoms.

A couple of months ago, for example, the government introduced Decree 72, a new law which the Asia Internet Coalition at the time warned “will stifle innovation and discourage businesses from operating in Vietnam”.

Just this week a 30-year-old man was placed under house arrest after campaigning on Facebook for the release of his brother from prison.

The country has nevertheless been on a relentless drive of late to turn itself into an advanced ICT nation.

Danang is at the centre of these efforts, having worked extensively with IBM to create a smart city project. It has also been helped by Intel, and in August launched an Information Technology and Communication Infrastructure System.

Vietnam’s IT ministry is predicting the enterprise IT market in the country could soon be worth over $1 billion. ®

High performance access to file storage

More from The Register

next story
Android engineer: We DIDN'T copy Apple OR follow Samsung's orders
Veep testifies for Samsung during Apple patent trial
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Big Content goes after Kim Dotcom
Six studios sling sueballs at dead download destination
Alphadex fires back at British Gas with overcharging allegation
Brit colo outfit says it paid for 347KVA, has been charged for 1940KVA
Jack the RIPA: Blighty cops ignore law, retain innocents' comms data
Prime minister: Nothing to see here, go about your business
Singapore decides 'three strikes' laws are too intrusive
When even a prurient island nation thinks an idea is dodgy it has problems
Banks slap Olympus with £160 MEEELLION lawsuit
Scandal hit camera maker just can't shake off its past
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Reprieve for Weev: Court disowns AT&T hacker's conviction
Appeals court strikes down landmark sentence
US taxman blows Win XP deadline, must now spend millions on custom support
Gov't IT likened to 'a Model T with a lot of things on top of it'
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.