The event was attended by Politburo member, Prime Minister Nguyen Xuan Phuc; and members of the Party Central Committee: Deputy Prime Minister Vu Duc Dam, Minister of Planning and Investment Nguyen Chi Dung, Minister - Chairman of the Office of the Government Mai Tien Dung, Minister of Information and Communications Nguyen Manh Hung, and others.
Speaking at the event, Nguyen Chi Dung, Minister of Planning and Investment, said the Vietnam International Innovation Expo, the first of its kind in the country, has attracted the participation of 113 local businesses, 22 foreign-invested firms, and 21 institutions to showcase new products and technology models across 156 booths.
Minister of Planning and Investment Nguyen Chi Dung speaks at the ceremony.
Regarding the NIC, Dung said that it is set up under the Prime Minister’s Decision No.1269/QD-TTg to support and develop the nation’s start-ups and innovation ecosystems, contributing to the growth models based on science and technology.
He said the center aims to house domestic and foreign technology firms and provide the optimal infrastructure system for the research and development of technological and startup ideas.
The centre is expected to support the connection and promote investment, speeding up the commercialization of technological products, he added.
He underlined that the NIC would help facilitate the formation of innovative centers in localities and regions, making important contributions to the restructuring of the economy and the transformation of the country’s growth model, improving the efficiency and competitiveness of the Vietnamese economy.
PM Nguyen Xuan Phuc visits the Vietnam International Innovation Expo.
Addressing the event, PM Nguyen Xuan Phuc stressed that innovation has become the key to the success and plays an important role in socio-economic development strategies devised by most nations and territories.
He affirmed that the Party and State are aware of the decisive role of innovation in transforming growth model, thereby creating a firm foundation for maintaining high and sustainable growth and generating quality jobs.
“In the context of the fourth Industrial Revolution, with the rapid development of digital technology platforms, we must swiftly adapt and take strong actions to implement a plan”, said Phuc.
As part of the strategy to turn the country into a developed and high-income nation by 2045, the year marking the 100th anniversary of the country’s independence and foundation, the PM said Vietnam must rely on knowledge, science, and technology, especially innovation, all of which can be considered important factors for growth.
He described the use of new technology coupled with suitable human resources as the decisive factor for long-term growth, the key to achieving development breakthroughs, and helping the country escape the middle-income trap.
PM Nguyen Xuan Phuc speaks at the event.
The Government leader highly appreciated the Ministry of Planning and Investment’s effort to organize the innovation exhibition to promote the central role of enterprises in the innovation ecosystem and express Vietnamese desires to be a regional innovation destination.
He emphasized the National Innovation Centre project would create an ideal condition for the local innovation ecosystem to develop and reach out across the globe.
He also expressed his hope that in the time to come ministries, sectors and Hanoi authority would work together to put the centre into effective operation, as a pioneering model in promoting the development of innovation ecosystem nationwide.