Feeds

Commies copying West again as Vietnam plans own Silicon Valley

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

Securing Web Applications Made Simple and Scalable

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. ®

Application security programs and practises

More from The Register

next story
ONE EMAIL costs mining company $300 MEEELION
Environmental activist walks free after hoax sent share price over a cliff
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
Arrr: Freetard-bothering Digital Economy Act tied up, thrown in the hold
Ministry of Fun confirms: Yes, we're busy doing nothing
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
Putin: Crack Tor for me and I'll make you a MILLIONAIRE
Russian Interior Ministry offers big pile o' roubles for busting pro-privacy browser
Apple smacked with privacy sueball over Location Services
Class action launched on behalf of 100 million iPhone owners
UK.gov's Open Source switch WON'T get rid of Microsoft, y'know
What do you mean, we've ditched Redmond in favour of IBM?!
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.