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Creating an Enabling Environment for Youth Entrepreneurship and Innovation

Startup Hải Phòng 20/10/2026 ~3 minutes read 365 views

(Chinhphu.vn) – The Prime Minister has called on ministries, government agencies, and local authorities to implement a range of measures to further promote the role and standing of young people, create favorable conditions for youth entrepreneurship and innovation, and enable them to make greater contributions to national development.

Continue to promote the role and position of young people and create favorable conditions for 
youth entrepreneurship and innovation, enabling them to make even greater contributions
to the country’s development.

The Government Office issued Notice No. 535/TB-VPCP dated October 19, 2026, announcing the conclusions of Prime Minister Lê Minh Hưng at the 2026 Dialogue with Youth.

The notice stated that the Party and State have always shown deep concern and special attention to young people. They have introduced numerous policies, orientations, mechanisms, and measures to support youth development, many of which have been institutionalized through legal regulations. With the support of the entire political system and society, Vietnamese youth have achieved positive and wide-ranging results in recent years.

Impressive Achievements in Education, Scientific Research, Technology Development, Innovation, and Digital Transformation

Notably, young people have achieved impressive results in education, scientific research, technology development, innovation, and digital transformation through emulation movements and entrepreneurship initiatives. Numerous youth-led community digital technology teams have worked alongside citizens to develop and operate digital government and digital society initiatives. Young people have actively supported local authorities, particularly at the grassroots level, in operating the two-tier local government model.

Young engineers, scientists, and entrepreneurs have made significant contributions to emerging fields such as artificial intelligence, big data, the Internet of Things (IoT), financial technology (FinTech), and blockchain. In particular, youth-led technology startups have successfully implemented numerous large-scale digital technology projects backed by substantial investment. Many young entrepreneurs have also become inspiring examples of starting businesses, building careers, and creating greater prosperity for themselves, their families, their hometowns, and the country.

In addition, young people have actively preserved and promoted the nation’s cultural identity. A notable highlight has been the emergence of “national concerts” and works combining traditional folk music with contemporary styles, created by young artists. These productions have attracted millions of views and received numerous international awards. Young people have also actively implemented the project entitled “Youth Participation in Preserving and Promoting Vietnamese National Cultural Identity for the 2024–2029 Period.”

Young people have demonstrated their readiness to take the lead in defending the Fatherland, volunteering, promoting social welfare, and protecting the environment. Many have joined the armed forces and participated in movements such as “Youth Protecting the Borders and Seas and Islands of the Fatherland,” contributing to the protection of national sovereignty, security, and public order. They have also engaged in research and the development of technological products, particularly strategic and dual-use technologies serving national defense and security.

Youth-initiated research into renewable energy and circular economy models has contributed to building a more sustainable living environment. Young people, especially members of the military and public security forces, have also actively participated in the construction of multi-level boarding schools in mainland border communes and supported recovery efforts following natural disasters.

At the same time, young people have been proactive in international integration, participating in and contributing to numerous important international forums and conferences. Thousands of students and young people take part in global exchange programs, academic cooperation initiatives, and cultural exchanges every year, thereby building lasting bridges of friendship with people from other countries. Vietnamese talent and intellect continue to shine on the international stage through outstanding achievements at Olympiads, innovation and high-tech competitions, artistic events, and regional and international sporting tournaments.

On behalf of the Government, the Prime Minister acknowledged, commended, and congratulated Vietnamese youth on their achievements in recent years and their contributions to the country’s overall progress.

However, despite these achievements, youth development efforts still face several shortcomings, difficulties, and challenges. Some young people have yet to establish sound ideals, a strong sense of responsibility, or a clear aspiration to contribute to the country’s future. Others have become overly reliant on social media and artificial intelligence. Their qualifications and skills do not always meet increasingly demanding requirements or keep pace with the rapid transformation of the labor market. Support mechanisms and policies for youth education, scientific and technological research, and entrepreneurship have yet to achieve a breakthrough. Resources mobilized and allocated for youth development remain limited. Some ministries, sectors, Party committees, and local authorities have not given sufficient attention to youth development or introduced practical initiatives to support young people.

In a world where circumstances are changing rapidly and becoming increasingly difficult to predict, we must adapt and respond effectively. We must continue to fundamentally reform the country’s development model and strengthen national competitiveness to promote high and sustainable growth. Vietnam’s younger generation needs to clearly understand its role and historic mission, take the lead in changing mindsets, continuously expand its knowledge and strengthen its resolve, and embrace a spirit of initiative and the courage to think boldly and take action. Young people must continue to serve as a pioneering force in building and defending the Fatherland.

Gradually Increasing the Proportion of Young Leaders and Managers Across All Sectors and Levels

To further promote the role and position of young people, create favorable conditions for youth entrepreneurship and innovation, and enable them to make greater contributions to national development, the Prime Minister called on ministries, central government agencies, and local authorities to continue implementing, decisively and effectively, Conclusion No. 166-KL/TW dated June 10, 2025, issued by the Politburo on improving the effectiveness of implementing Resolution No. 25-NQ/TW dated July 25, 2008, of the 10th Party Central Committee on “Strengthening the Party’s Leadership over Youth Affairs in the Period of Accelerated Industrialization and Modernization” in the new context. They must also implement the Central Committee’s strategic resolutions, the Government’s Resolution No. 349/NQ-CP dated October 27, 2025, the Vietnam Youth Development Strategy for 2021–2030, government action programs implementing strategic resolutions, and other youth development programs and projects.

Youth development targets should be incorporated into the formulation and implementation of five-year and annual socioeconomic development plans, strategies, programs, schemes, and projects, with input sought from the corresponding Youth Union organizations. Authorities should give capable young officials opportunities to undertake important and appropriate responsibilities within the political system, gradually increasing the proportion of young leaders and managers across all sectors and levels.

Focusing on Attracting Talent and Strengthening Labor Supply–Demand Matching

The Ministry of Home Affairs will take the lead and coordinate with ministries, agencies, and local authorities to effectively implement the Vietnam Youth Development Strategy for 2021–2030; Conclusion No. 62-KL/TW dated June 29, 2026, issued by the Party Central Committee’s Secretariat on improving national labor productivity in conjunction with developing a coordinated, modern, and efficient labor market; and Notice No. 123-KL/TW dated July 16, 2026, issued by the General Secretary and State President on creating sustainable employment in rural areas, urban areas, and ethnic minority regions, as well as training the workforce for the new era.

The Ministry must urgently lead the development of a Government action program to implement Conclusion No. 105-KL/TW of the Fourth Plenum of the 14th Party Central Committee on attracting and effectively utilizing talent in key and strategic sectors to support the country’s rapid and sustainable development.

It must improve the quality of workforce monitoring and labor market demand forecasting, while strengthening labor supply–demand matching, particularly in emerging occupations and sectors with substantial workforce needs. In coordination with the Central Committee of the Ho Chi Minh Communist Youth Union, the Ministry will develop digital platforms for career counseling, job placement, and recruitment matching. It will also review existing mechanisms and policies on youth employment and professional skills development, propose amendments and improvements, and submit them to the competent authorities for consideration in the first quarter of 2027.

Strengthening the Three-Way Linkage: Government – Research Institutes and Universities – Businesses

The Ministry of Science and Technology will take the lead in effectively implementing the scheme to restructure national science, technology, and innovation programs for the 2026–2035 period, as well as the list of strategic technologies and products. It will promote the commissioning of research projects aligned with the needs of citizens, businesses, and society, creating opportunities for capable young scientists and engineers to gain practical experience, put forward proposals, participate in, lead, and grow through real-world projects under the support mechanisms stipulated in the Government’s Decree No. 263/2025/ND-CP dated October 14, 2025.

At the same time, the Ministry of Science and Technology will coordinate with the Central Committee of the Ho Chi Minh Communist Youth Union to propose ways for young people to participate in strategic technology development projects in specific fields suited to their skills and capabilities, thereby helping address major challenges facing the country, ministries, sectors, and local authorities.

The Ministry will research and propose mechanisms and policies to substantially develop a high-quality young workforce in emerging fields such as information technology, artificial intelligence, aerospace, and nuclear energy, with completion targeted for the fourth quarter of 2026.

It will improve the effectiveness of the National Foundation for Science and Technology Development (NAFOSTED), the National Technology Innovation Fund (NATIF), and other programs supporting research, technology development, and innovation. These efforts will focus on supporting and nurturing young scientists, developing strong research teams, and fostering innovative startups.

The Ministry of Science and Technology will work with the Central Committee of the Ho Chi Minh Communist Youth Union to encourage businesses, researchers, and young scientists to make use of state-established research institutions and mechanisms, including experimental centers and shared research infrastructure. In coordination with the Ministry of Education and Training and other ministries, agencies, and local authorities, it will further strengthen the three-way linkage between the government, research institutes and universities, and businesses to enhance cooperation, technology transfer, and the commercialization of research results.

Unlocking Funding for Youth Entrepreneurship

The Ministry of Finance will review and refine mechanisms and policies to unlock and diversify funding sources for young entrepreneurs, youth-led businesses, and innovation-driven enterprises. Particular attention will be paid to mobilizing social resources and effectively integrating and utilizing public resources to implement programs and projects supporting youth entrepreneurship, innovation, and job creation.

The Ministry will give due consideration to feedback from young people, compiled by the Central Committee of the Ho Chi Minh Communist Youth Union and the Vietnam Youth Federation, on the draft Law on Small and Medium-Sized Enterprise Development. The aim is to develop feasible mechanisms and policies that protect legitimate rights and interests and provide effective support for small and medium-sized enterprises, youth-led businesses, and youth-owned sole-proprietor enterprises. The Ministry will also advise on and issue implementing and guiding documents after the law is passed by the National Assembly at its second session.

Administrative procedures will be further streamlined, the investment and business environment improved, and the costs of establishing and operating businesses significantly reduced, making it easier for young businesses and startup projects to access funding and support programs.

The Ministry of Finance will coordinate with the Vietnam Chamber of Commerce and Industry (VCCI) and the Central Committee of the Ho Chi Minh Communist Youth Union to compile recommendations from young entrepreneurs and youth-led businesses for inclusion in the consolidated report on addressing business recommendations. The report will be submitted to the Prime Minister for consideration and direction on a monthly basis.

Emphasizing the Development of Critical Thinking, Innovation, Foreign Language Proficiency, and Digital Skills

The Ministry of Education and Training will focus on implementing Politburo Resolution No. 71-NQ/TW dated August 22, 2025, on achieving breakthroughs in education and training. Particular emphasis will be placed on developing critical thinking, innovation, practical skills, foreign language proficiency, digital skills, and the ability to use artificial intelligence safely and responsibly. These efforts will prepare learners to adapt to emerging occupations and rapid changes in the labor market.

The Ministry will strengthen career guidance, student streaming, and cooperation between educational institutions, businesses, and the labor market, while promoting training programs that meet society’s needs.

Expanding Entrepreneurship Opportunities in Rural and Disadvantaged Areas

The Ministry of Agriculture and Environment will lead efforts to review and propose solutions to obstacles hindering agricultural and rural economic development, thereby expanding opportunities for young people to start businesses, engage in production, and conduct business in rural areas. Recommendations will be submitted to the competent authorities in the first quarter of 2027.

The Ministry will facilitate the participation of young businesses and young people in implementing National Target Programs, particularly in disadvantaged areas.

It will also strengthen training to improve the quality of the agricultural workforce, with particular emphasis on supporting learners, especially young people, and providing them with opportunities to apply their knowledge in production and business activities.

Supporting Young Businesses in Building Brands, Expanding Internationally, and Developing E-commerce

The Ministry of Industry and Trade will expand training and advisory programs for youth-led businesses on international market expansion strategies, brand development, and intellectual property protection. It will strengthen legal awareness and provide young businesses with information on standards, regulations, and market trends, regularly sharing updates with the Central Committee of the Ho Chi Minh Communist Youth Union, the Vietnam Youth Federation, and young businesses.

The Ministry will step up trade promotion, connect supply and demand, and develop e-commerce, with particular attention to startup products, innovative products, products under the One Commune One Product (OCOP) program, and products from youth-led businesses.

The Ministry of Industry and Trade will coordinate with the Ministries of Public Security and Foreign Affairs and relevant agencies to connect ministerial and sectoral information systems with the trade office network and the Ministry of Foreign Affairs. This will improve information provision, market connections, and support for and protection of the interests of young businesses and youth-led enterprises.

Continuing to Review and Improve Loan Policies for Home Purchases and Long-Term Rentals, Particularly for Young People

The State Bank of Vietnam will direct and urge the Vietnam Bank for Social Policies and commercial banks to implement effectively the credit program supporting loans for the purchase and rent-to-own of social housing by people under 35, in accordance with the Government’s Resolution No. 33/NQ-CP dated March 11, 2023. It will also continue reviewing and improving lending policies for home purchases and long-term rentals, particularly for young people.

The State Bank will step up measures to help small and medium-sized enterprises, cooperatives, cooperative groups, household businesses, startups, and youth-owned sole-proprietor businesses gain access to credit. It will also continue to implement policy-based credit programs effectively.

Creating a Favorable Environment for Youth Entrepreneurship, Innovation, and Job Creation

Provincial and municipal People’s Committees will establish favorable environments for young people to pursue entrepreneurship, innovation, and job creation. They will proactively identify local development challenges and commission young people, young intellectuals, and young businesses to help address them.

Support will be strengthened to help rural youth, ethnic minority youth, and disadvantaged young people access vocational training, employment, capital, technology, and markets. Effective models will be replicated to create sustainable livelihoods and long-term employment in local communities. Young people and youth-led businesses will also be encouraged to participate in and implement national target programs.

Fundamentally Reforming the Organization of Youth Movements and Programs

The Prime Minister called on the Central Committee of the Ho Chi Minh Communist Youth Union to strengthen its role in representing and supporting young people, as well as protecting their legitimate rights and interests. In coordination with the Vietnam Chamber of Commerce and Industry (VCCI), the Youth Union will compile and submit business recommendations—particularly those from young entrepreneurs and youth-led businesses—to the Government, the Prime Minister, ministries, and central agencies for consideration and resolution.

The Youth Union will actively contribute feedback to the Government, ministries, sectors, and local authorities on the development and improvement of institutions, frameworks, and policies across various fields.

It will connect young people with scientists, businesses, investors, educational institutions, and markets, while supporting the formation of networks for young innovators, young entrepreneurs, young intellectuals, and rural youth engaged in successful economic activities.

The organization of youth movements and programs will undergo substantial reform to unite, engage, and encourage young people to take the lead in learning, entrepreneurship, mastering science and technology, and developing the private sector. Every task and activity must have clearly defined objectives, expected outcomes, specific responsibilities, a designated lead agency, and an implementation timeline. The contribution of each outcome to the country’s development must also be clearly identified. The Youth Union will intensify communication efforts and promote exemplary models and outstanding young role models, while combating harmful and misleading information, particularly in cyberspace.

(Source: Government News)