Deputy Prime Minister Vu Duc Dam (right) and Minister of Science and Technology Huynh Thanh Dat at the conference. (Photo: VNA)
Hanoi(VNA) - Deputy Prime Minister Vu Duc Dam on January 6 asked the Ministry ofScience and Technology to remove bottlenecks in order to facilitate innovation.
Addressing a ministry's conference in Hanoi to review performance in 2020 and launch tasks for this year, the Deputy PM lauded the ministry for its quick responseto major and unexpected tasks regarding vaccines, test kits, and pandemicprevention and control.
He,however, urged the ministry to make its financial mechanism more transparent to boost science-technology and innovation,saying that businesses should be at the centre.
Minister ofScience and Technology Huynh Thanh Dat highlighted the contributions of science-technologyto the country’s economic growth of 2.91 percent in 2020, stressing thatVietnam posted one of the highest growth rates in the region and the world.
Productivity roseby 5.8 percent each year on average during the 2016-2020 period, higher than the4.3 percent average posted in 2011-2015 and exceeding the targeted 5 percent,he added.
According toDeputy Minister of Science and Technology Le Xuan Dinh, science-technology contributedto addressing pressing issues facing localities around Vietnam, removingdifficulties and supporting enterprises to maintain and restore production andbusiness affected by COVID-19.
The ministrywill continue its close coordination with other ministries, agencies, andlocalities in completing key tasks like implementing the Government’s majorprogrammes and projects and reviewing and perfecting relevant mechanisms, policiesand laws in order to make science-technology and innovation the driver ofeconomic growth.
It will further conductresearch, especially on COVID-19 vaccines, establish research and developmentcentres and institutes and science-technology and innovation firms, and promotethe national innovative startup ecosystem.
Deputy PM Dam alsopresented a certificate of merit from the Prime Minister to the ministry inrecognition of its contributions to national construction and defence./.
Though 2020 is a challenging year for Vietnam with the rise of COVID-19, the 14th National Assembly (NA) has taken innovative approaches and managed to complete an enormous workload to fulfill all its three missions in lawmaking, supervision and major decision-making.
The Prime Minister has issued the National Strategy on the Fourth Industrial Revolution by 2030 to fulfil goals set in the Politburo’s Resolution 52-NQ/TW that outlines policies guiding Vietnam’s active involvement in the revolution.
The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Vietnam.
VietNEST (Vietnamese Nurturing Education for Science & Traditions) is a mobile app and digital platform for Vietnamese language learning among overseas children.
The networks bring together universities, research institutes and domestic and foreign businesses. Members will work closely in training, research, and technology transfer by sharing curricula, improving faculty capacity, providing access to laboratories and research facilities, and jointly implementing science and technology projects.
The Better Choice Awards (BCA) 2025 is a key highlight in the lead-up to Vietnam Innovation Day that falls on October 1, an annual event expected to attract hundreds of innovative enterprises, research institutions, investment funds, and startups from both Vietnam and abroad.
The new line serves as a critical backup route, strategically complementing existing submarine cables and enhancing the resilience, proactivity, and security of Vietnam’s telecommunications infrastructure.
Vietnam is actively yet cautiously preparing for the construction of its first nuclear power plant in Ninh Thuan (now the south-central coastal province of Khanh Hoa). The resumption of the programme after years of suspension carries considerable significance for the nation’s development in a new era as it strives to gradually reduce and ultimately phase out coal-fired power to realise the Government’s commitment to Net Zero by 2050.
The government leader reaffirmed Vietnam’s goal of achieving self-reliance in the design, manufacturing, and test of necessary semiconductor chips by no later than 2027.
With the launching of its two-tier local administration model, the city is incorporating technologies such as artificial intelligence (AI) and blockchain to enhance service delivery for citizens and businesses, aligning with the Politburo’s Resolution 57-NQ/TW on breakthroughs in science, technology, innovation, and national digital transformation.
Vietnam has issued many key policies to support semiconductor development, notably the Politburo’s Resolution 57 on science, technology, innovation, and digital transformation. Other initiatives include the Semiconductor Industry Development Strategy to 2030, with a vision to 2050, and the Human Resources Development Programme for the Semiconductor Industry.
Vietnam is no longer just an emerging blockchain market, it is stepping into a leadership role, with global investors, developers, and experts recognising its growing potential to become a leading hub for digital assets in the region.
Taking place on August 1–2, the event features more than 20,000 attendees and over 200 speakers from Vietnam, the h Korea, Singapore, the UAE, Hong Kong (China) and the US.
Dung directed the Ministry of Science and Technology to revise the national startup scheme, ensuring it clearly defines the scope and content, grounded on strong political and legal foundations, international best practices, and well-reasoned arguments for submission to the Government.
The two-day academic forum, themed “Resilience, Sustainability & Digital Transformation in a Changing World: Perspectives from Southeast Asia”, aims to share interdisciplinary research insights, focusing on adaptive capacity, sustainable development, and digital transformation amid evolving global and regional landscapes.
With such a rapid economic growth, Vietnam must diversify energy sources and nuclear power is a rational choice to ensure the national energy security, said Associate Professor Kei Koga from the Nanyang Technological University (Singapore).
Deputy Prime Minister Nguyen Chi Dung emphasised that Vietnam has a clear strategy and ambition in this field, and is rapidly emerging as a central hub and key link in the regional and global semiconductor value chains.
According to Cushman & Wakefield’s latest Asia-Pacific Data Centre Investment Landscape report, Vietnam now ranks second in the region for data centre investment returns, with a yield on cost (YoC) of 17.5–18.8%, just behind Singapore’s 21–23%.
Vietnam is taking drastic yet cautious steps in building a culture of nuclear safety and security, with the aim of having its first nuclear power plant operational by the end of 2030 and using this specific energy source effectively and sustainably.
Vietnam’s 5G strategy has been clearly outlined in national digital technology and infrastructure policies. A wide range of solutions is being vigorously implemented to achieve the target of an average internet speed of 100 Mbps by 2025 and full nationwide 5G coverage by 2030.
The visit aimed to assess the new two-tier local government model, preparations for upcoming Party congresses at levels, and implementation of the Politburo’s Conclusion on school construction in border areas.
Under the theme “Breakthrough Era with the Development of Industrial Internet”, the event gathered over 400 delegates, including senior officials, leading Internet experts, and technology engineers from Vietnam and abroad.
Deputy Prime Minister Vu Duc Dam (right) and Minister of Science and Technology Huynh Thanh Dat at the conference. (Photo: VNA)
