The Green Start-up programme initiated by the HCM City-based Business Studies and Assistance Centre has been creating a generation of young agricultural entrepreneurs who effectively exploit indigenous resources
At the ‘Green start-up, 10-year journey to create young agricultural entrepreneurs’ seminar on 31 May in HCM City, many successful young entrepreneurs shared their start-up stories by using local resources.
They were the winners of start-up competitions organised by BSA, including Lê Minh Vương of Ninh Thuận Province, who won a second prize in the start-up contest in 2015 for a project to produce compost and breed earthworms; Phạm Đình Ngãi (Trà Vinh), who won the first prize in 2020 for his coconut flower nectar and sugar that meet ISO, HCCAP, international organic standards; Đoàn Hồng Thắm (Cần Thơ), second prize winner in 2022 for her herbal tea products; and Trần Đăng Đạt of Đạt Foods with peanut butter.
Nguyễn Lâm Viên, chairman of Vinamit JSC, said Vietnam's agricultural products are increasingly recognised by the world, as reflected in the steadily increasing exports of agro-forestry products.
Consumers globally are paying more attention to healthy and environment-friendly agricultural products, which offers young entrepreneurs a great opportunity if they know how to take advantage, he said. In recent years, many start-ups have exported products such as vegetable powders, noodles, coconut flower nectar, and cashew-based products to major markets such as the US, Europe and southeast Asia.
Initiated in 2013, the innovative agricultural start up programme (changed to Green Start-up programme in 2023) has sought to support young people starting businesses, act as a bridge connecting start-ups with enterprises under the Business Association of High-quality Vietnamese Products, and build a community of start-ups to make it easier for them to forge strong linkages in the value chain and compare notes.
Vũ Kim Anh, BSA’s deputy director and the person in charge of Green Start-up, said the programme has helped form an agricultural start up eco-system with thousands of young people who use local resources.
"In addition to creating conditions for them to sell their products at a green weekend market held on Saturdays and Sundays, we also encourage them to participate in programmes initiated by the international supermarket systems in Vietnam, including Central Group with a programme to help small businesses participate in Vietnam's Goods Week in Thailand since 2017, and Gigamall and Uniqlo with programmes to bring locally-made products into their systems," she said.
Nguyễn Cẩm Chi, chairwoman of the Foundation of Youth Empowerment (FYE), said the BSA has not only organised the start-up competitions in the past 10 years, but also created opportunities for start-ups to strengthen their business.
Most start-up projects already have products in the market, and from this year the FYE would help them export, she said.
Also at the event, the 2023 Green Startup Project Contest was launched.
Running until the end of October, the competition is open to individuals, collectives, enterprises, and co-operatives in agricultural speciality processing or operating a circular economy model or projects that add value to local resources and have been operating for more than one year.
