Intermediaries need assistance to develop sci-tech market
A lack of effective intermediary organisations which can connect inventions with the market is a problem for the development of Vietnam’s sci-tech market, heard a conference on November 14.
Deputy Minister of Science and Technology Tran Van Tung speaks at the conference (Poto: VNA)
HCM City (VNA) – A lack of ef🔯fective intermediary organisations which can connect inventions with the market is a problem for the development of Vietnam’s sci-tech m𓃲arket, heard a conference in Ho Chi Minh City on November 14.
There are eight technology transaction floors, 63 centres for technology application and development, and 43 technology incubators and sci-tech businesses in Vietnam, according to the Department for Development of Science-Technology Market and Businesses under the Ministry of Science and Technology.
Such events as technology-equipment fairs and technology startup festivals have positively affected the domestic sci-tech market. Technology transaction floors have proved effective in HCM City, Hai Phong city and Bac Giang province.
The total value of technology transactions exceeded 13.7 trillion VND (613.7 million USD) between 2011 and 2015, up threefold from the 2006-2010 period, the department said.
Department Deputy Director Pham Duc Nghiem said the connection between researches and the market, between scientists and businesses remain weak. Existing intermediary organisations (such as mediators, consultants and examiners) have yet to effectively connect supply and demand or be active enough in technology transfer.
Aside from traditional intermediaries like technology transaction floors, technology fairs, and technology application and development centres, new forms have emerged such as business accelerators and co-working space. Most of them are located in big cities like HCM City, Hanoi, Da Nang and Can Tho.
Nghiem said the appearance of those new intermediaries has fuelled a new start-up and innovation wave in Vietnam.
To raise the sci-tech market’s effectiveness, it is necessary to push ahead with measures to develop traditional intermediary organisations, especially those at universities and research institutes, said Deputy Minister of Science and Technology Tran Van Tung.
He also underlined the need for stronger support for new intermediaries like business accelerators, start-up clubs, and technology and business incubators.-VNA
President of the Vietnam Fatherland Front Nguyen Thien Nhan has asked the Republic of Korea to help Vietnam in training personnel in information technology.
The National Assembly Standing Committee (NASC) has agreed to fully adjust and supplement regulations of the Law on Technological Transfer which came into effect in 2006.
Deputy Prime Minister Vu Duc Dam has urged ministries and sectors to conduct specific activities to realise Government’s policies of encouraging startups.
Vietnamese businesses, particularly small and medium-sized enterprises (SMEs), must embrace digital and AI transformations to remain competitive and achieve sustainable growth, experts said.
Under the European Union (EU)’s global initiative on Chemical, Biological, Radiological, and Nuclear (CBRN) Risk Mitigation Centres of Excellence (CoE), Vietnam has implemented numerous projects aimed at strengthening national capacity in detecting, preventing, and preparing for CBRN-related threats.
The course aims to promote knowledge exchange between scientific and educational schools from different countries, while deepening participants’ expertise in modern technology and technical education. It comprises two main specialisations of electronics-automation and nuclear technology.
ANTARA and VNA can design global-scale cooperation programmes or joint media campaigns, demonstrating the comprehensive strategic partnership between Vietnam and Indonesia, as well as the cooperation between the two national news agencies.
As Vietnam’s digital transformation accelerates, both the frequency and severity of cyberattacks are growing. The National Cybersecurity Association (NCA) reported that in 2024 alone, there were some 659,000 separate cybersecurity incidents, impacting around 46.15% of government agencies and businesses.
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.
Deputy Minister of Science and Technology Tran Van Tung speaks at the conference (Poto: VNA)
