Asean
Saigon Innovation Hub joins ASEAN startup programme
The Saigon Innovation Hub (SIHUB) has been appointed by the government of Malaysia as the only representative of Vietnam to join the ASEAN startup programme.
The Saigon Innovation Hub (SIHUB) has been appointed by the government of Malaysia as the only representative of Vietnam to join the ASEAN startup programme.
The information was announced at the first Malaysia Tech Week 2019 which took place from June 17-21. At the event, Malaysia New Entrepreneur Foundation launched the initiative to build a Southeast Asian startup community under the name Rice Bowl Republic to compete with the four big startup hubs in the world: the US, China, India and Europe.
The ASEAN Rice Bowl Startup Awards was also launched at the event.
The awards, which covers 13 categories, is said to be a “door” to help startups, startup incubators and co-working space centers, and universities access investors and join the global playground with as much support as possible.
Participants of the event pledged to remove obstacles in innovation movements in Southeast Asian nations and support the development of startup ecosystems in separate countries.
Tourism
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19 restrictions led to an 82% fall in arrival numbers.
After 18 months of travel restrictions, a number of countries in South-east Asia have begun opening their borders to foreign visitors to stoke recovery in their respective tourism industries.
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ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held in September 2021, including by adopting a revised ASEAN-Russia Trade and Investment Cooperation Work Program for the 2021-25 period.
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