With more than 50 online bridge points connecting from 5 continents, Franconomics - 2020 is organized to simultaneously combine direct and online form to ensure health conditions in the current special context. The year 2020 marks the 50 years of IOF's birth and development, a milestone of important significance, demonstrating the vitality and growing role of the OIF in making French a language that unites 88 countries members and observers work together to promote cooperation in the fields of culture, peace, democracy, economy, sustainable development and youth ... Ms. Louise Mushikiwabo affirmed, Franconomics - 2020 is an important event. of the French community in general.

In recent years, entrepreneurship has always been one of the hot topics that attracts special attention from many countries around the world. And in the context of the 4th Industrial Revolution, startups are always facing countless opportunities, but with them challenges are always waiting. This revolution has also increased the competitiveness of the domestic and international market. In this situation, it is a big question how to start our business successfully to minimize the risk and develop the starting up environment of the country. Vice Director of Hanoi National University hopes that this is a helpful playground to share the opinions of experts and encourages the young people to connect with each others for potential cooperation
In Franconomics - 2020, parallel spaces include: Space I: Cooperation between Southern countries and developed countries in the 4.0 era; Space II: Issues with smart startups; Space III: Smart start-up in the 4.0 era; Space IV: Smart startups in key areas; Space V: Cooperation of Francophonie (Francophonie Community) and major economic blocs / economies in Asia. 

Each space is led by a chair that connects attendees to discuss specific topics. Unlike traditional passive seminars, at Franconomics - 2020, the center is the attendees. All actively connect, speak, introduce products and seek partners.

The international Franconomics forum, a multidisciplinary dialogue on important socio-economic topics of countries in the French-speaking community, kicked off on Thursday in Hà Nội under the theme ‘From Start-up to Smart-up’. The forum was connected with more than 50 other locations across five continents and served as a platform for delegates to discuss innovative start-up (smart-up) in the Fourth Industrial Revolution, which is a trend in a number of economic sectors around the world. Delegates to the forum agreed that smart-up not only meant establishing a business which offered new products and services but also operating the business in a smart way. Smart-ups should create high economic profits with low risks based on the application of information technology combined with modern management methods, along with digital transformation and the application of new technology. Using digital transformation, start-ups had a lot of opportunities but also faced challenges. The Fourth Industrial Revolution increased competitiveness inside and outside the country. Mr. Louise Mushikiwabo, secretary general of the International Organisation of La Francophonie (OIF) said the organisation was moving towards digital transformation. Students in the OIF had been equipped with digital transformation skills as well as knowledge about start-ups to better adapt to the labour market. The OIF would hold more training on digital transformation for the youth and women, especially those living in disadvantaged areas, she said. Head of the European Department at the Vietnamese Ministry of Foreign Affairs Đoàn Minh Thắng said since Vietnam has become an official member of the French-speaking community, the country had affirmed its role as a key member of the community in Asia-Pacific, and actively taken part in the community’s activities. 

Those contributions had been highly appreciated by other partners inside and outside the community. Việt Nam attached importance to its partnership with the French-speaking community and was making practical contributions to the community’s summit in Tunisia next year. Franconomics has been co-organised by the International Francophone Institute (IFI), the Organisation Internationale de la Francophonie (OIF) and the Vietnam National University, Hanoi, and will wrap up on Friday. Other activities include the second national anthem singing festival, a pitching day for start-ups and a launch ceremony for Hưng Yên Digital Museum, as well as introductions to other digitisation projects.

Franconomics is a multidisciplinary dialogue on important socio-economic topics for scientists, businesses, investors, and policymakers both inside and outside the French-speaking community with its 88 members and observers. Each year it is organised in a different location in Việt Nam to create opportunities for connecting and promoting cooperation, accessing and supplying technology, creating a high-quality workforce, and expanding the Partner Network for Development.