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Tech market needs links to grow (Việt Nam News)

Combining knowledge and research results among scientists, institutes and business schools is key to developing the science and technology (S&T) market in Việt Nam.
(Photo: Việt Nam News, vtv.vn)

HÀ NỘI – Combining knowledge and research results among scientists, institutes and business schools is key to developing the science and technology (S&T) market in Việt Nam. This was one of the main points discussed at a forum held by the Ministry of Science and Technology (MoST) recently.

“In order to contribute to the development of S&T markets and to create a favorable environment for participants joining the market, linking and promotion activities in order to enhance technological commercialisation are very important,” said deputy minister Trần Văn Tùng.

Right now, intermediary models create opportunities for investors to find inventions and research results that are commercially viable to serve the socio-economic development of Việt Nam, according to Tùng. He believes the legal environment for S&T market is complete but not enough is done to meet demand of parties involved S&T market.

The connection between research institutes, universities, and enterprises with producers, distribution and trade is limited.

He feels intermediary organisations are not strong enough to provide connection services and support parties in transactions related to technology and intellectual property. "The trading floor has operated ineffectively to attract and gather domestic and international technology," Tùng said.

The deputy minister said the forum was an opportunity for scientists and experts to share experience to find specific solutions for S&T development.

At the meeting, Vũ Tiến Lộc, chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), said survey results in 10 industries in 2016 revealed nearly 60 per cent of enterprises were using six-year-old technology. Therefore, technological innovation was in urgent supply, especially as the industrial revolution 4.0 would enhance the competitiveness of Vietnamese enterprises.

Many businesses were aware of this problem and have been implementing activities to renovate technology, he said.

To read the rest of the article, please use this link: https://vietnamnews.vn/economy/464980/tech-market-needs-links-to-grow.html#sOVJEWht30MUrU4l.97


By Việt Nam News | September 7th, 2018

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