Vietnam, Austria to boost cooperation in high-tech development, innovation
The “Vietnam – Austria High-Tech and Innovation” is expected to position Vietnam as a strategic destination for European tech investors to integrate more deeply into the global value chains of the high-tech sectors.
There is a huge potential to enhance cooperation with Austria in technology and innovation. (Photo: VNA)
Hanoi (VNA) – A forum entitled “Vietnam – Austria High-Tech and Innovation” will officially take place in Vienna, on May 16, marking a strategic milestone in technological and innovation cooperation between the two countries, according to the National Innovation Centre (NIC).
Jointly organised by NIC, the Vietnamese Embassy in Austria and the Austrian Economic Chambers, the forum is expected to provide a platform for exchanges on emerging technologies, innovation strategies and digital transformation, aligning with Vietnam’s goal of becoming a high-income economy by 2045.
Leading tech companies will participate in the forum, including UNIDO, TTTech, Infineon, Technologies Austria, Siconnex, Dynatrace, FPT, VNPT, Sovico, and Genetica, to discuss AI, semiconductors, cybersecurity, quantum technology, Internet of Things, biotech and robotics.
Vietnamese Ambassador to Austria Vu Le Thai Hoang said that the innovation-focused forum, the first of its kind to be held in Europe, is designed to provide opportunities for connecting businesses from both countries.
It is expected to position Vietnam as a strategic destination for European tech investors to integrate more deeply into the global value chains of the high-tech sectors.
NIC Deputy Director Vo Xuan Hoai said that there is a huge potential to enhance cooperation with Austria in technology and innovation as Vietnam is pursuing a strategy to become a regional innovation hub with a focus on semiconductors, AI and IoT, digital transformation, and green growth.
Austria is widely recognised as a global leader in core technology research and development, innovation and high-tech applications./.
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Prime Minister Pham Minh Chinh has called on Japanese enterprises to continue placing their trust in and deepening their engagement with Vietnam, and to consider Vietnam a strategic base for expanding their investment, production, and business activities.
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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.
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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.
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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.
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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.
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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.
