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November 15, 2023

Exploring Ho Chi Minh City: The Ideal Hub for Startup and Entrepreneurial Learning

Shaye Pumar 🇦🇺🇹🇭
Exploring Ho Chi Minh City: The Ideal Hub for Startup and Entrepreneurial Learning

Are you a university student or an early-career professional eager to gain valuable entrepreneurial experiences while exploring an exciting new destination?

Look no further than Ho Chi Minh City in Vietnam.

This vibrant metropolis, formerly known as Saigon, is quickly emerging as a hotspot for startups and entrepreneurial learning opportunities.

“Following our flagship HEX International Singapore program, we are excited to launch our next SEA destination – Ho Chi Minh City, Vietnam. It’s such an exciting entrepreneurial ecosystem with so much opportunity, as well as being a strategic destination for universities in addition to the Australian government. We are thrilled to bring a group of founders to HCMC to explore their own business ideas in such an innovative and bustling city.” HEX Chief Experience Officer, Jaclyn Benstead.
Vietnam Remains Favoured Destination for Global Investors

In this blog, we'll delve into compelling reasons why Ho Chi Minh City is the perfect place to embark on your entrepreneurial journey on the HEX International Innovation Program, and we'll introduce you to some exciting activities to make your stay in Vietnam truly memorable.

1. Thriving Startup Ecosystem

Ho Chi Minh City boasts a flourishing startup ecosystem that's ripe for exploration. It has become a hub for innovation and entrepreneurial growth. The city is home to numerous co-working spaces, incubators, and accelerators designed to nurture budding startups. With a supportive entrepreneurial community, you'll find mentorship, networking opportunities, and a wealth of resources to kickstart your entrepreneurial journey.

As reported by Forbes, "Vietnam is the next big destination for entrepreneurs, offering a conducive environment for startups to thrive."

2. Affordable Cost of Living

One of the major advantages of setting up a startup in Ho Chi Minh City is its affordability. As a student or early-stage entrepreneur, you'll find that the cost of living here is considerably lower than in many other countries. Accommodation, food, transportation, and entertainment are all budget-friendly, allowing you to stretch your resources further and focus on growing your startup.

Vietnam's demographic advantages, boasting the fastest-growing middle class in Southeast Asia and a population of 96 million, make it an attractive market for startups. The stability of its banking sector and strategic location also position Vietnam as an ideal launching pad for Southeast Asia, especially as Singapore faces rising living costs, prompting entrepreneurs to explore Vietnam as a cost-effective alternative.

Living Lux While Launching Your Next Idea in Ho Chi Minh City

3. Talented Workforce

Ho Chi Minh City is known for its skilled and tech-savvy workforce. The city is home to a young, educated population eager to contribute to innovative projects. You'll find it easy to recruit talented individuals who can help bring your startup to life and impactful leaders who can give you valuable mentorship.

Moreover, many Vietnamese professionals speak English fluently, making communication and collaboration with your team more accessible.

4. Rich Culture and History

While developing your startup in the HEX International Innovation program, you'll have the opportunity to immerse yourself in the rich culture and history of Vietnam. Explore historic sites, and bustling markets, and sample the delicious local cuisine.

Make a connection through networking nights, tech tours and an exciting lineup of events.

Don't miss the Cu Chi Tunnels, a fascinating network of underground tunnels used during the Vietnam War, providing a unique insight into the country's history.

In your downtime, you can explore the stunning natural beauty of Vietnam. Take a trip to the Mekong Delta to experience picturesque landscapes, lush rice paddies, and floating markets. If you're an adventure enthusiast, the nearby Phu Quoc Island offers pristine beaches, snorkelling, and scuba diving opportunities to unwind and recharge.

5. Supported by Government

Vietnam's government champions startups through initiatives like the National Program 844, fostering a supportive environment for enterprise formation and growth. Positioned as a thriving innovation hub in Southeast Asia, Vietnam offers a dynamic startup ecosystem, as explored in detail here.

The country's allure is further heightened by the availability of low-cost tech skills, with the digital economy set to reach $57 billion by 2025.

Exciting Activities to Do in Vietnam:

  • Street Food Adventures: Explore the vibrant street food scene in Ho Chi Minh City. Sample local delicacies like pho, banh mi, and fresh spring rolls from the countless food stalls and markets.
  • Cultural Workshops: Participate in traditional workshops to learn about Vietnamese art and culture. Try your hand at making pottery, lanterns, or even learning the art of Vietnamese cooking.
  • Explore Historical Sites: Visit the War Remnants Museum, Independence Palace, and the Notre-Dame Cathedral Basilica of Saigon to gain insight into Vietnam's complex history and its journey towards modernization.
  • Cruise on the Mekong River: Take a leisurely cruise along the Mekong River and explore the charming riverine villages and floating markets along the way.
Networking By the Sea in Vietnam

Next station: Ho Chi Minh City.

Are you ready to embark on your entrepreneurial journey in Ho Chi Minh City?

Joining us on the HEX International Program, a 2-week immersive experience designed for innovative thinkers and early-stage founders. This program will provide you with the knowledge, skills, and network to launch and grow your startup.

Don't miss out on this chance to make your mark in the thriving entrepreneurial landscape of Ho Chi Minh City. Learn more and apply here.

Ho Chi Minh City offers the perfect blend of innovation, culture, and adventure for those looking to dive into the world of startups. Pack your bags, embrace the opportunities, and get ready for a transformative experience in this dynamic city. Your entrepreneurial journey starts here!

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