The Ministry of Science and Technology and Xinova have signed a Memorandum of Understanding to establish a global innovation centre in Vietnam to connect Vietnamese innovators with the global innovative network for greater creative ideas.
Deputy Minister of Science and Technology Bui The Duy (seated, left) and Yong Sung Kim, Xinova president in the Republic of Korea and South East Asia (seated, right) sign a Memorandum of Understanding to establish a global innovation centre in Vietnam. — Photo courtesy of Ministry of Science and Technology)
Hanoi (VNA) - The Ministry of Science and Technology and Xinova havesigned a Memorandum of Understanding to establish a global innovation centre inVietnam to connect Vietnamese innovators with the global innovative network forgreater creative ideas.
The centre will serve as a bridge connecting local groups and businesses with anetwork of more than 12,000 global scientists and innovators, Minister ofScience and Technology Chu Ngoc Anh said at the signing ceremony held in Hanoion November 28.
It will also create conditions for Vietnamese scientists and engineers to jointhe network. Technology management officers and those working in the innovationsector in Vietnam will have opportunities to learn from the world’s newestsolutions aiming to boost innovation.
Science, technology and innovation are the driving forces of the economy andcontribute to improving competitiveness and global integration of enterprises.The MoU has demonstrated the efforts of the Ministry of Science and Technologyto promote innovation in Vietnam, the minister said.
Yong Sung Kim, Xinova President in the Republic of Korea and South East Asia,said Xinova is proud of working with the Ministry of Science and Technology tofacilitate Vietnamese innovators to demonstrate their reputation.
Xinova, a corporation with a network of 12,000 innovators and experts, isoperating in nine countries worldwide. It partners with customers and inventorsto think beyond the confines of their organisations and solve big problems. -VNA
Innovation has been seen as a tool to boost socio-economic development in Vietnam, said Minister of Science and Technology Chu Ngoc Anh at a conference on innovation in Hanoi.
The Vietnamese Government is working out measures to further improve the business environment for the country to jump 8-18 steps from the current 68th place in the World Bank’s Doing Business Rankings.
Vietnam recorded the greatest ranking improvement on the Global Innovation Index 2018 (GII) thanks to the country’s efforts to deploy synchronous measures to improve its business environment, national competitiveness, and innovative capacity.
Vietnam has jumped two positions to reach 45th place on the Global Innovation Index (GII) 2018 released by the World Intellectual Property Organisation.
A key highlight will be the technology cluster pavilion, showcasing top enterprises selected for their innovation, market potential, and practical applications. These firms will display flagship products and solutions, supported by government policies to strengthen the tech sector.
Since 2022, more than 500 Vietnamese startups have engaged in Google’s Startup Academy, Google for Startups Accelerator, and Google Startup Masterclass. Nearly 100 of these firms received support to develop and improve their products, benefiting more than 300,000 customers and creating over 300 new jobs through successful fundraising and team expansion amidst Vietnam’s competitive economy.
Over the past three decades, Binh Duong has cemented its status as one of Vietnam’s most dynamic industrial hubs, building a robust foundation in manufacturing, exports, and investment. The province now has 30 operational industrial parks spanning over 13,000 hectares, with an occupancy rate exceeding 90%.
The diplomat emphasised that Vietnam places the highest priority on the development of science, technology, and innovation, viewing them as critical drivers for the country’s advancement in the new development era.
The PM revealed Vietnam’s plan to develop nuclear power in the near future, and called on the Swedish side to assist Vietnam in developing and refining legal and policy frameworks for the use of nuclear energy for peaceful purposes; training and developing human resources; ensuring nuclear safety; and conducting training and drills to improve incident management capabilities.
More than an art showcase, the second “Technology with heart” contest seeks to inspire innovation and spotlight the humanistic values that technology can bring into daily life, expected to contribute to a sustainable digital future.
The average speed of the national mobile broadband network remained stable, with download speeds reaching 76.86 Mbps and upload speeds reaching 26.98 Mbps.
Under the MoU, AMD will support several key initiatives spearheaded by HCM City’s authorities, including piloting policies, co-hosting innovation events, and evaluating the investment environment within the Saigon Hi-Tech Park.
The centre is a joint initiative between Australia’s Department of Foreign Affairs and Trade and Vietnam’s Ministry of Science and Technology, with PTIT and the University of Technology Sydney (UTS) serving as co-leads, and global telecommunications giant Nokia as founding industry partner.
The new centre, staffed by a team of scientists, researchers, and AI specialists working in Hanoi and Ho Chi Minh City, forms part of Qualcomm’s global AI research group.
As a flagship initiative of the community project “Digital Literacy for All”, the programme forms part of a national scheme to equip 20 million young people with digital business skills.
The organisers hope the competition will help shape a generation of exceptional engineers who will make significant contributions to Vietnam’s scientific and technological progress in this era of transformation.
In the digital age and amidst the Fourth Industrial Revolution, IP plays an increasingly critical role, not only in safeguarding inventions but also in reducing copyright infringement and curbing piracy.
Ambassador Nguyen Minh Vu laid stress on the significance of the Hanoi Convention, particularly to the Asia – Pacific, to handling legal gaps in international cooperation against rapidly increasing global cybercrime.
The week features a rich lineup of activities, including a plenary conference on blockchain and AI development, thematic seminars on future technology trends and investment visions, applications of blockchain and AI in business, the Super Vietnam PitchFest, as well as forums for blockchain and AI.
According to the Politburo’s Resolution No. 57-NQ/TW, dated December 22, 2024, on making breakthroughs in the development of science, technology, innovation, and national digital transformation, this is considered a decisive factor in the development of nations. It is seen as a prerequisite and the best opportunity for Vietnam to become prosperous and powerful in the new era of the nation’s rise.
Vietnam’s demographic advantage, including a youthful population of 100 million in a “golden age”, further bolsters its ambitions. Its dynamic workforce, with a natural inclination toward science, technology, engineering, and math (STEM), is a key asset in attracting private investment to innovation-driven sectors.
Vietnam views sci-tech as a decisive factor in national development and a key tool for achieving sustainable development goals, and is ready to boost sci-tech cooperation with Venezuela for mutual prosperity.
Deputy Minister of Science and Technology Bui The Duy (seated, left) and Yong Sung Kim, Xinova president in the Republic of Korea and South East Asia (seated, right) sign a Memorandum of Understanding to establish a global innovation centre in Vietnam. — Photo courtesy of Ministry of Science and Technology)
