[FAIE] Lac Hong University: Enhancing the Effectiveness of the Entrepreneurial Ecosystem for Students

Entrepreneurship is becoming an inevitable trend in the new era. Lac Hong University (LHU) is one of the pioneering universities in promoting entrepreneurship among students. In recent years, LHU has generated and supported more than 100 startup projects.

These achievements have affirmed LHU’s position as one of the leading universities in fostering the entrepreneurial ecosystem in Vietnam.

In recent years, entrepreneurship has become an inevitable trend in the new era. Entrepreneurship is not only an opportunity to address unemployment but also a way to create new values and contribute to socio-economic development.

In Vietnam, entrepreneurship has also received increasing attention. According to a report from the Ministry of Science and Technology, in 2022, more than 20,000 startup enterprises were established nationwide, representing a 10% increase compared to 2021. Among them, many startups have achieved success, creating valuable products and services that contribute to improving people’s lives.

Lac Hong University (LHU) is one of the pioneering universities in promoting entrepreneurship among students. In recent years, LHU has achieved many significant accomplishments in this field, as reflected in the following impressive figures:

More than 100 startup projects have been generated and supported. This impressive figure demonstrates that LHU is actively fostering the entrepreneurial spirit among students, youth, and women in the locality and the region, creating a favorable environment for their business ideas.

Nearly 10 intellectual property assets have been commercialized. This figure indicates that LHU not only focuses on the quantity of startups but also emphasizes quality, supporting startups in developing products and services with commercial value.

More than 10 lecturers have been trained as startup mentors. A team of lecturers and mentors with expertise and experience serves as a valuable source of support for student entrepreneurs, helping them with orientation and problem-solving.

Diverse support models: LHU provides a comprehensive support system to meet all the needs of student entrepreneurs, including: Establishment of the Entrepreneurship Club since 2016: Providing students with opportunities and an environment for entrepreneurial activities; Investment in a Coworking Space since 2018: Providing student entrepreneurs with a workplace for meeting, exchange, and collaboration; Establishment of the Student Innovation Center (SIV in Dong Nai) since August 2023: Providing in-depth services to help students and pupils confidently embark on their business journey; Training and capacity-building programs (IPP, ACSE, CEFE, SIYB, MEP): Equipping students with the knowledge and skills necessary for successful entrepreneurship; Startup competitions: Creating opportunities for student entrepreneurs to showcase themselves, seek funding, and establish partnerships.

With these achievements, it is evident that entrepreneurship at LHU is developing strongly and is likely to continue growing in the coming years. This can be attributed to the following factors: The attention and investment of the University, as LHU consistently prioritizes and invests significantly in entrepreneurial activities. The University has built a comprehensive entrepreneurial ecosystem, providing students with numerous opportunities and resources to start their businesses.

In addition, the entrepreneurial spirit of LHU students is increasingly strong, with students ready to pursue their startup aspirations. LHU has received support from many organizations and enterprises in promoting entrepreneurship. Supporting organizations include the Vietnam Startup Mentors Alliance (VSMA), the Southern Startup Advisory and Support Council, the Dong Nai Provincial Innovation Startup Ecosystem Coordination Council, the Design Thinking Village under National Techfest, the Student Innovation Village under National Techfest, and the Dong Nai Young Entrepreneurs Association. This support enables LHU startups to access financial resources, markets, and experience.

LHU’s achievements in entrepreneurship have been recognized and highly appreciated. In 2023, LHU was honored to receive a Certificate of Merit from the Minister of Education and Training for its positive contributions over five consecutive years in implementing the project “Supporting Students in Entrepreneurship until 2025.”

LHU was established on 24 September 1997, becoming the first university in Dong Nai Province. This was an event aligned with inevitable development trends and met the urgent demand for technical human resource training in a province that is not only economically and socially dynamic but also focused on developing industrial parks and industrial and service sectors.

LHU (Bien Hoa – Dong Nai) has undergone many years of development and growth to become a multidisciplinary and multi-sector university. With a training strategy that meets social needs, the University has recently launched the undergraduate pharmacist program with the aim of providing high-quality pharmaceutical human resources to meet societal development demands. To date, the University has achieved comprehensive development in its training systems and disciplines, professional activities, international cooperation, and facilities.

LHU provides high-quality human resources with specialized knowledge, professional competencies and skills, management capabilities, and soft skills such as information technology, foreign languages, communication, and teamwork.

These human resources possess political, ethical, and social qualities, creative capacity, professional responsibility, and good health, thereby making significant contributions to societal development. The University creates a favorable environment for nurturing talents, enabling them to develop knowledge, conduct research, and pursue postgraduate studies both domestically and internationally.

(B) Terminology & Consistency Table (Mandatory)

Đại học Lạc Hồng (LHU) → Lac Hong University (LHU)
Bộ Khoa học và Công nghệ → Ministry of Science and Technology
Câu lạc bộ Khởi nghiệp → Entrepreneurship Club
Không gian làm việc chung (Coworking Space) → Coworking Space
Trung tâm Học sinh - Sinh viên sáng tạo (SIV tại Đồng Nai) → Student Innovation Center (SIV in Dong Nai)
IPP, ACSE, CEFE, SIYB, MEP → IPP, ACSE, CEFE, SIYB, MEP
Hội đồng Cố vấn Khởi nghiệp Việt Nam (VSMA) → Vietnam Startup Mentors Alliance (VSMA)
Hội đồng tư vấn và hỗ trợ Khởi nghiệp phía Nam → Southern Startup Advisory and Support Council
Hội đồng điều phối Hệ sinh thái khởi nghiệp đổi mới sáng tạo tỉnh Đồng Nai → Dong Nai Provincial Innovation Startup Ecosystem Coordination Council
Làng Tư duy thiết kế thuộc Techfest quốc gia → Design Thinking Village under National Techfest
Làng Học sinh- Sinh viên Sáng tạo thuộc Techfest quốc gia → Student Innovation Village under National Techfest
Hội doanh nhân Trẻ tỉnh Đồng Nai → Dong Nai Young Entrepreneurs Association
Bộ Giáo dục và Đào tạo → Ministry of Education and Training
Bằng khen → Certificate of Merit
đề án “Hỗ trợ học sinh, sinh viên khởi nghiệp đến năm 2025” → project “Supporting Students in Entrepreneurship until 2025”