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Friday, February 15. 2008

Why Da Lat could not be a Silicon Valley Clone

A romantic tourist destination in the Western Highlands of Vietnam dubbed City of Love, Da Lat targets to be a sort of Silicon Valley clone in Vietnam in the next decade. Some attributes being promoted by local authority: nice weather around the year, good telecom and networking infrastructure, supporting local authority agencies, local human resource development through intensive education and training. Those conditions are just OK for event entertainment business but far from Silicon Valley clone business environment. There is no top local university in Da Lat, VC investment is a new concept in Vietnam, no VC tax incentive policy yet, lacks of entrepreneurial spirit. Young local talents either choose Hanoi or HCM City for career destination rather than Da Lat. Young entrepreneurs and startup teams tend to find like minded guys that mainly located in Hanoi and HCM City. It is a mission impossible to drive those guys away from those two centers except some top technocrats lead the way. (A reference from India's Nano City raised by Sabeer Bhatia, co-founder of Hotmail). However the folk at Silicon Valley still see the hard road for other places to replicate even the Seattle where Microsoft, Amazon head quartered at.

Posted by Jason at 20:22 | Comments (3) | Trackbacks (0)