Innovation, creativity and Vietnam's success story

At the seminar, Mr. Sebastian Buckup, member of the WEF Executive Committee, Director of WEF Networks and Partnerships, said that after nearly 40 years of renovation, Vietnam's economy has made remarkable progress. One of the driving forces that has helped Vietnam develop strongly in recent times is based on innovation. The seminar aims to share Vietnam's successes as well as propose ideas and wishes to promote innovation with Vietnam.

Prime Minister attends WEF's Dialogue with the startup and innovation business community on the afternoon of June 25

Correct perception of innovation and entrepreneurship

Sharing about Vietnam's measures and priorities in developing technology, resources and innovation, with the viewpoint that "resources originate from thinking, motivation originates from innovation, strength originates from people and businesses", Prime Minister Pham Minh Chinh said that in its development process, Vietnam has always had the right perception of innovation and entrepreneurship.

In recent years, Vietnam has taken many practical and effective actions to promote innovation such as: building priority policy mechanisms to promote innovation and entrepreneurship; building development strategies and programs, focusing on digital economy, green economy, circular economy, sharing economy, knowledge economy, especially industries that bring high added value such as big data, cloud computing, artificial intelligence, semiconductor chips, hydrogen, etc.

Along with that, Vietnam focuses on developing infrastructure including digital infrastructure, electricity, water, transportation, social infrastructure such as education, health; developing human resources, especially high-quality human resources; mobilizing resources including internal resources which are fundamental, strategic, long-term, decisive, including people, nature and cultural and historical traditions and external resources which are important and breakthrough, including financial resources, technology, management, human resource training... Vietnam takes public investment to lead private investment and activates and mobilizes all social resources to promote innovation and entrepreneurship.

In the spirit of listening and understanding together, sharing vision and action together; working together, enjoying together, winning together and developing together and on the principle of harmonious benefits and shared risks, the Prime Minister said that many of the world's leading technology corporations such as Google, Apple, Intel, Synopsys, Meta, Nvidia... are researching and investing in Vietnam.

Many questions for the Prime Minister

Also at the Dialogue, WEF's innovative enterprises asked Prime Minister Pham Minh Chinh many questions about issues of common concern. Discussing initiatives to support startups and innovation activities in Vietnam, the Prime Minister said that Vietnam has synchronously implemented 5 groups of solutions on perfecting institutions, supporting policies, promoting innovation and startups; implementing national programs and projects on supporting the innovative startup ecosystem, supporting students to start businesses, programs to support digital transformation businesses, the Vietnam Innovation Challenge program, etc.

Along with that, Vietnam continues to improve infrastructure and synchronous technology to support innovation; train and develop human resources for innovation, including building and implementing the Project on human resource development for the semiconductor industry until 2030...; mobilize international resources to support innovation.

Sharing the secret to helping Vietnam have an education system with general education development achieving higher results than other countries in the region, the Prime Minister said that Vietnam considers education and training as the top national policy and allocates adequate resources to this field; Vietnamese people are intelligent and studious; especially, each person from a young age has been cared for to develop their intellectual personality in accordance with their qualities, abilities, desires... in accordance with the requirements and conditions of the country in each period.

Answering the question of what role foreign startups play in Vietnam's innovation-driven growth and transition to a knowledge-based economy, the Prime Minister said that Vietnam is building an independent, self-reliant economy, proactively and actively integrating deeply, substantially and effectively into the international community, relying on both internal and external resources. Foreign startups are the driving force to support the development of innovation, demonstrated in three main roles: transferring technology and knowledge; creating competition and promoting innovation; promoting international cooperation, and accelerating the transition to a knowledge-based economy. Therefore, Vietnam always welcomes, encourages and creates conditions for foreign enterprises to invest in all fields of agriculture, industry and services in a green, clean and sustainable direction.

Regarding concerns about data security and usage, the Prime Minister said that along with benefits, technology development also has risks and downsides; this is a global issue, affecting all people. Vietnam has issued regulations on information protection, security and usage; has solutions and investments to ensure information network security. Specifically, there are policies and laws to protect human rights, protect consumers related to the digital economy, digital society, digital citizens; protect the legitimate and legal rights and interests of related entities; and always listen to and protect people and businesses in the development process.

The Prime Minister also discussed many issues related to development plans and opportunities for Vietnamese youth in emerging industries such as artificial intelligence, semiconductor chips, big data; the state of globalization recession and other global issues. Believing that these are all global, national issues, the Prime Minister suggested a global, national approach, promoting multilateralism, strengthening international solidarity; believing that the world will overcome all difficulties, moving towards common prosperity.

Source: https://thanhnien.vn/doi-moi-sang-tao-va-bai-toan-thanh-cong-cua-viet-nam-185240625163934345.htm