Innovation and entrepreneurship are the new drivers for sustainable growth and development.
The 9th Global Conference of Young Parliamentarians took place from September 14-17, focusing on three main topics: Digital Transformation; Innovation and entrepreneurship; Promoting respect for cultural diversity for sustainable development.
Speaking at the "Digital Transformation" session, delegate Pham Trong Nghia, full-time member of the National Assembly's Social Committee, stated that the global socio-economic context is changing rapidly and complexly with many challenges such as the disruption of the global supply chain, the decline of raw materials, the increase in the number of businesses reducing their scale or closing permanently; the problem of population aging, food shortages, resource pollution or controlling the development of artificial intelligence... All of these challenges require efforts not only from an individual, a collective, or a single country, but must be the unity in thinking and action of the whole world.
Overview of the 2nd Session of the 9th Global Conference of Young Parliamentarians on the theme "Innovation and Entrepreneurship"
In that context, on the one hand, science, technology and innovation policies create an environment that encourages the creation of new solutions and new tools for human development and socio-economic development, and on the other hand, they also create a suitable framework for balanced and sustainable development. The delegate emphasized that innovation and startups play a very important role in the current context, being a new driving force for sustainable growth and development.
In Vietnam, the number of innovative startups is currently increasing (about 3,000 enterprises). Vietnam ranks 48/132 countries and economies in the Global Innovation Index (GII), holding the 4th position in Southeast Asia; Vietnam's startup ecosystem ranks 54th in the world, 10th in the Asia-Pacific region. Vietnam currently has more than 1,400 organizations with the capacity to support startups, including 196 co-working spaces, 69 business incubators and 28 business promotion organizations. The number of venture capital funds that consider Vietnam as a target market or are currently operating in Vietnam is 108, of which 23 funds have Vietnamese legal entities. These are evidence of a young, dynamic Vietnam with a spirit and determination for startups and innovation recognized by the international community.
Issue many policies and strategies to encourage innovation and startups.
Delegate Pham Trong Nghia said that the development of innovation and startups in Vietnam started strongly in 2016. The Vietnamese National Assembly issued new, amended and supplemented many laws such as: Law on Technology Transfer, Law on Support for Small and Medium Enterprises, Investment Law, Intellectual Property Law... The Prime Minister issued the Project "Supporting the National Innovation and Startup Ecosystem to 2025". That clearly demonstrates the policy and guidelines to encourage innovation, startups, attract and effectively use investment resources for science, technology and innovation.
Delegate Pham Trong Nghia, full-time member of the National Assembly's Social Committee
The system of innovation and start-up centers has been and is being formed; with more than 20 provinces and cities developing projects, developing plans to establish and establish models of innovation and start-up centers. 60/63 provinces and cities have implemented activities to build an innovation and start-up ecosystem in their localities to exploit areas in which Vietnam has strengths such as: agriculture, education, information technology...
Vietnam is particularly interested in developing a modern, innovative and creative agriculture, aiming to become one of the centers for supplying high-quality food. In 2022, with many efforts in applying science and technology and innovation, the agricultural sector has achieved impressive results: in the field of cultivation, in terms of rice production, the output reached over 42.66 million tons, exporting nearly 7.2 million tons (the highest in recent years), rice export reached 3.49 billion USD; seafood export achieved a record result of nearly 11 billion USD, the highest ever; in the forestry sector, forestry product export reached 17 billion USD, trade surplus is estimated at 14.1 billion USD. These figures demonstrate the abundant potential for innovation development in the field of food technology (also known as Foodtech), which is a tool that actively contributes to the implementation of the Sustainable Development Goals and addresses food security issues.
Conference delegates
For the innovative startup ecosystem in the field of agricultural technology and food technology in Vietnam, it is also following the world trend, with many innovative solutions and businesses, especially in exploiting local resources, increasing the value of agricultural products, creating new products and services. In addition, we also see a trend that large enterprises and corporations in Vietnam have also paid more attention to Environmental, Social and Governance (ESG) standards, and have participated more deeply in innovation and startup activities for the goal of sustainable development.
Perfecting the legal system, creating a favorable legal framework for innovation.
As young parliamentarians, representing legislative bodies around the world, working together to promote startups and innovation on a global scale, delegate Pham Trong Nghia made a number of specific proposals. Specifically, with the role of the National Assembly, it is necessary to continue to build and perfect the legal system, create a favorable legal framework for innovation, transfer, application and development of science and technology; support models of innovation, creativity, startups (sandbox); in particular, it is necessary to respect, encourage and convey companion thinking, support the subjects of innovation and startups in building and implementing policies and laws. It is recommended that IPU members consider establishing a global network of young parliamentarians on innovation to accompany governments of countries to perfect the legal corridor to better support sustainable development through innovation.
Develop initiatives, activities, and organizations with the capacity to connect and support innovation and start-up activities in many countries, encourage and support projects and businesses to practice innovation and start-up. Thereby, creating a good training and practice environment for future human resources in science, technology, and innovation for the goal of sustainable development.
The center of innovation and entrepreneurship must be identified as people, the young generation. Policies need to aim to promote and encourage entrepreneurship and innovation activities among young people and students. Strengthen training and career guidance in the field of food technology to prepare high-quality human resources to meet the rapid development of the industry.
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