The Ministry of Science and Technology and Xinova signed a Memorandum of Understanding on Wednesday to establish a global innovation centre in Viet Nam 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 South Korea and South East Asia (seated, right) sign a Memorandum of Understanding to establish a global innovation centre in Viet Nam. — Photo courtesy of Ministry of Science and Technology

The centre, according to Minister of Science and Technology Chu Ngoc Anh, will serve as a bridge connecting local groups and businesses with a network of more than 12,000 global scientists and innovators.

It will also create conditions for Vietnamese scientists and engineers to join the network. Technology management officers and those working in the innovation sector in Viet Nam will have opportunities to learn from the world’s newest solutions aiming to boost innovation.

Science, technology and innovation are the driving forces of the economy and contribute to improving competitiveness and global integration of enterprises. The MoU has demonstrated the efforts of the Ministry of Science and Technology to promote innovation in Viet Nam, the minister said.

“We are proud of working with the Ministry of Science and Technology to facilitate Vietnamese innovators to demonstrate their reputation,” said Yong Sung Kim, Xinova president in South Korea and South East Asia.

Xinova, a corporation with a network of 12,000 investors and experts, is operating in nine countries worldwide. It partners with customers and inventors to think beyond the confines of their organisations and solve big problems. — VNS