Vietnam can be land of entrepreneurs instead of cheap labor supplier July 8, 25

Vietnam must reform its education system to produce entrepreneurs rather than remain a source of cheap labor. According to the Ministry of Science and Technology, Vietnam had over 3,800 startups in 2023, but only 10% received funding, due mainly to poor pitching, weak business models and limited fundraising experience. These gaps are linked to early education and a "stability" mindset that prioritizes safety and predictability, and proposed reforms include integrating entrepreneurship and personal finance courses into general curriculums and creating student startup investment funds modeled on Singapore's JTC Launchpad.