return icon

Science, technology, innovation seen as pillar for Vietnam’s development

Science, technology and innovation should be defined as a foundation for Vietnam to push forward rapid and sustainable development, said Prime Minister Nguyen Xuan Phuc.



Prime Minister Nguyen Xuan Phuc (C) speaks at the conference


PM Phuc made the suggestion while delivering a speech at an international conference themed “Science, technology and innovation as a pillar for socio-economic development in Vietnam” held in Hanoi on May 15.

He recognised the outcomes of cooperation between the Vietnamese Ministry of Science and Technology, the Australian Department of Foreign Affairs and Trade, and the World Bank in building reports on the future of Vietnam’s digital economy as well as science, technology and innovation reports through 2035, providing specific and useful evaluations, recommendations, solutions and policies for Vietnam in the process of making socio-economic development strategies for the next 10 years and beyond.

The PM noted that Vietnam’s Global Innovation Index (GII) has been improved continuously in recent years, helping it to lead lower-middle-income countries.

However, there remained shortcomings and weaknesses such as poor awareness of the role of science, technology and innovation among sectors and localities; asynchronous legal corridors and policy mechanisms; and restricted science, technology and innovation capacity, he said.

There is a lack of connections between universities, research institutes and businesses, PM Phuc said, adding that enterprises should understand that investing in research and development is the “shortest way” to improve efficiency, competitiveness, and sustainable development.

Vietnam needs to have a strategic change to boost research and development of innovative start-ups and technological application in new industries of the country’s strengths, he said.

Minister of Science and Technology Chu Ngoc Anh said Vietnam leaped two places to rank 45th out of 126 economies in the GII 2018 report conducted by the World Intellectual Property Organisation (WIPO).

However, to make science become a driving force for the socio-economic development, it is necessary to increase investment not only from the State but also society, especially businesses, he said.

Meanwhile, Australian Ambassador to Vietnam Craig Chittick said Vietnam and Australia have the same ambition of developing the economy through the application of science, technology and innovation. This is a firm foundation for the two nations to step up bilateral innovation partnership, he said.

Australia pledged to work closely with Vietnam to share knowledge, experience and successful models in the field besides helping the Southeast Asian country improve its science, technology and innovation system, the ambassador affirmed.

The conference, co-organised by the Ministry of Science and Technology, the Australian Embassy in Vietnam and the International Development Innovation Alliance (IDIA), was the highlight of the ongoing national sci-tech and innovation week from May 13-17.-VNA


Deputy PM highlights significance of int'l solidarity, cooperation at UN session

The strengthening of international solidarity and cooperation is key to addressing interlocking global challenges, affirmed Permanent Deputy PM Pham Binh Minh while addressing the general debate of the 77th Session of the UN General Assembly.

Huge potential for luxury real estate in Vietnam

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.


Action plan to promote green growth in agriculture

Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.

Woodwork exports to EU, US drop as consumers cut spending

Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.

Vietnam: new destination for multinationals to set up R&D centers

Vietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam.

Huge real estate projects seek new investors

Many investors have quit large-scale investment projects capitalized at trillions of dong.


Work starts on Tan Van-Nhon Trach section of HCM City’s Ring Road No.3

Three Vietnamese airlines named among world’s best air services

Vietnam Airlines, Vietjet Air, and Bamboo Airways have been honoured in different categories by Skytrax, a UK-based site which ranks airlines and airports.

Vietnam Days Abroad 2022 to take place in Austria, India, RoK

Vietnam Days Abroad 2022 will be held in Austria, India, and the Republic of Korea (RoK) on the occasion of the anniversaries of diplomatic relations between Vietnam and these countries.

UN backs Vietnam’s development priorities: Secretary-General

The United Nations (UN) will continue paying attention to and support Vietnam's development priorities towards green and sustainable orientations, and just transition, especially in terms of financial access.

Vietnam merits seat at UN Human Rights Council: Washington Times

The Washington Times has published an article in which it supports Vietnam's candidacy for the United Nations Human Rights Council (UNHRC) for the 2023-2025 term.