9. The Role of Private Businesses in the Development of the Innovation and Start-up Ecosystem in Nghe An Province

The start-up movement is considered as a lever for the development of private economic sector, contributing great resources to the growth of society. Vietnam is witnessing a rapid growth of start-ups and private businesses. It is an achievement from the implementation of the Party and the Government’s guidelines and policies of facilitating the private economic development over the past three decades. Private businesses in Vietnam in general and those in Nghe An province in particular have great potential to creat values and make breakthroughs for the national economic growth in the coming time. Nghe An province’s private businesses has importantly contributed to the development of provincial innovation and start-up ecosystem. This study analyzes the role of private businesses in the development of innovation and start-up ecosystem in Nghe An province.