Thứ 3, Ngày 26/11/2019, 15:00
Becamex IDC signed a cooperation agreement with Singapore’s National University and the Applied Informatics Mechanics Institute
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26/11/2019 | Vuong Ly
​BEGIC - ​Within the framework of the Asian Economic Cooperation Meeting - Horasis Forum 2019, on the morning of November 25, at the Binh Duong Exhibition and Convention Center, the MOU signing ceremony was held between the Corporation of Industrial Investment and Development - Joint Stock Company (Becamex IDC) and the National University of Singapore (NUS) and the Applied Informatics Mechanics Institute that is directly under the authority of Vietnam's Sciences and Technology Academy.

Attending the signing ceremony were Mr. Vuong Dinh Hue - Member of the Politburo, Deputy Premier; leaders of ministries, branches and localities; Mr. Tran Van Nam - Member of the Central Committee of the Party, the Provincial Committee Secretary, Head of the Provincial National Assembly Delegation; Mr. Tran Thanh Liem - Deputy Province Committee secretary, Chairman of the Provincial People's Committee; Dr. Frank Jurgen Richter - Chairman of the Horasis Forum; Vice Chairmen of People's Council, Provincial People's Committee; businesses.

According to the signed content, Becamex IDC and NUS cooperated to set up Block71 with a view to nurturing a strong and innovative startup ecosystem in Vietnam.

This collaborative initiative will create a two-way flow for the exchange of talented individuals, technology and startup companies, with the goal of encouraging creativity and promoting startups in Vietnam and Singapore. Vietnamese and Singaporean start-up companies can use Block71's global network of resources and relationships so as to launch start-ups and gain access to international markets.  Besides, this coolaboration provides more opportunities for the  information exchange, connection and access to programs between Singapore, Vietnam and the region.

Block71 in Vietnam is the latest expansion of NUS's international startup gateway network, helping NUS companies of startup and technology have access to new markets and vice versa, promoting the access to NUS’s programs of education and innovation for Vietnamese students and entrepreneurs.

Founded and managed by NUS Enterprise, with strategic cooperation and links with businesses and government agencies, Block71 leverages the synergies of NUS Enterprise's vast experience  widely known for being the main unit behind the start-up ecosystem associated with Asia's leading University, as well as in  combination with the rich experience of Becamex, the leading industrial infrastructure developer in Vietnam with a system of the industry zones across the country.

Speaking at the ceremony, Professor Freddy Boey - Vice Rector of National University of Singapore said: "NUS is excited to start a partnership with Becamex to expand Block71's presence in Southeast Asia. The new position of Block71 Vietnam will give individuals participating in start-ups and innovation opportunities to reach new markets, provide NUS students with interesting internship programs, and supply information and access to innovative start-up programs, training programs in Singapore like masters’ and NUS technology access programs. "


Deputy Premier Vuong Dinh Hue and leaders of Binh Duong province, Horasis Forum, VSIP witnessed those of Becamex IDC and Singapore’s National University signing the cooperation agreement

 Mr. Nguyen Van Hung - Chairman of Becamex Corporation said: "We are on a journey to build an innovation ecosystem around Becamex's core business of developing infrastructure and industrial services. We are also excited to establish a strategic relationship with NUS, Asia's leading university, with the aim of supporting startup businesses and local talents in learning and pursuing entrepreneurship. We welcome startup businesses wishing to enter Vietnam’s market as well as access to local technology talents.These are core issues in our strategic goal that is to create favorable conditions for the restructuring of Vietnam's economy from an economy of labour intensive into that of technology intensive and intellectual activities.”

Block71 was named out of its origin place - the Block71 building in the Ayer Rajah industrial complex in Singapore, where abandoned industrial buildings were transformed into a strategic geographic location for the innovation through the way of gathering and developing a community of local tech startup. Besides Singapore, Block71 was established in many other places such as San Francisco (USA), Jakarta, Bandung and Yogyakarta (Indonesia) and two locations of Suzhou (China).


Deputy Premier Vuong Dinh Hue and leaders of Binh Duong province, Horasis Forum, VSIP witnessed leaders of Becamex IDC and the Applied Informatics Mechanics Institute signed a cooperation agreement

​At the ceremony, Becamex IDC also signed a contract with the Applied Informatics Mechanics Institute to coordinate the construction of a high-tech center, aiming to establish the Applied Informatics Mechanics Institute in Binh Duong.

In Vietnam, NUS Enterprise and Becamex IDC will closely co-ordinate to build a vibrant and sustainable start-up ecosystem, and construct a business developing bridge in Vietnam, and additionally, Block71 supports startup businesses by providing:

• access to global networks - NUS Enterprise and Becamex have a comprehensive network including investors, partner companies, advisors and businesses. Startup companies in Singapore have easier access to the market and Vietnam’s startup businesses can take advantage of NUS Enterprise start-up centers in the United States of America, Indonesia, China and Singapore to enter into joint ventures in these markets.

• support for the startup incubation - NUS Enterprise organizes a range of support programs to help entrepreneurs launch and develop their ideas.

• opportunities to pilot and test technology and business ideas.

• opportunities to participate in startup initiatives such as business competitions, idea endorsement programs, exchange sessions, conferences and other startup-related events.

• an ecosystem and a community, a strong start-up community provides synergies and opportunities of cooperation. It is also a channel for sharing successful business models. Events and start-up activities are frequently held at Block71 to strengthen a strong community.

• education programs on innovation in technology and entrepreneurship at NUS.​


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