According to Professor Soumitra Dutta, Vietnam needs to pay more attention to speed and strong investment in innovation because all other countries are investing heavily in this field. 
The global challenges of climate change and sustainable development are posing an urgent need for innovation in all fields in Vietnam as well as around the world. Therefore, the exchange of experts aims to build a collaborative environment, connecting researchers and innovators to explore the latest green solutions, contributing to sustainable development in Vietnam as well as globally.
The above information was provided by the Organizing Committee of the International Conference on Open Innovation 2024, organized by VinUni University in collaboration with the Ministry of Science and Technology, Saïd School of Business (Oxford University), SC Johnson Business School (Cornell University) and the Center for International Development (Duke University) on December 6-7 at VinUni University (Hanoi) with the theme "For a green future".
Science, technology and innovation: Top priorities in the era of growth
The event brings together international experts in the fields of innovation, green policy, green technology, sustainable environment and green business. The main goal is to promote global green transformation, mitigate the impact of climate change and build a sustainable growth model.
At the workshop, Professor Soumitra Dutta - Dean of Saïd Business School, Oxford University (UK) gave a presentation on the topic "Improving innovation management efficiency in the context of green transformation: Perspectives from the initial results of VIIR (Vietnam Innovation Index Research)."

According to Professor Soumitra Dutta, in terms of innovation in green economic development and green growth in Vietnam, the most important thing is that Vietnam needs to create human potential, especially in the industrial sector, for innovation. Because in the context of a world that is changing very quickly in terms of technology, without innovation, Vietnam will be left behind.
According to research on the VIIR Global Innovation Index, in the past 10 years, Vietnam has made a leap forward, but in the past 5 years, the growth rate of Vietnam's ranking has slowed down. Therefore, Vietnam needs to pay more attention to the speed and investment in innovation because all other countries are investing heavily in this field.
At the workshop, Professor Edmund J. Malesky - Director of the Center for International Development, Sanford School of Public Policy, Duke University (USA) gave a presentation on "Policy making as a catalyst for green growth: Managing and measuring the impact of green policies."

For Vietnam, Professor Edmund J. Malesky made 5 main recommendations. These are the issue of planning that must be long-term and oriented; Supporting financial investment for businesses in the field of green innovation to be effective; The management agency must issue a priority policy for green transformation; Next is financial support, investment through public-private partnership PPP; Ensuring fairness for subjects in this green transformation process because many people will be affected such as farmers, foresters... Therefore, the authorities must have a mechanism to protect people who may be negatively affected by the green transformation process.
At the conference, parallel discussions on topics such as green transition, green education, and green healthcare, with the participation of nearly 250 authors from 12 countries led by experts such as Professor David Reibstein (University of Pennsylvania) and Professor Ermias Kebreab (University of California, Davis). The conference is an opportunity to connect scientists, businesses and governments in promoting innovation and sustainable development in Vietnam.
This year's conference brings together public sector leaders, experts, researchers, and business representatives to discuss the latest trends in innovation and its application to sustainable development.
The highlight of the workshop is that the results do not stop at exchanges, but aim at applying solutions into reality. From global commitments that have become national strategies, through the workshop, they will be transformed into action plans at the local, industry and business scale to apply solutions into reality. This is the first international forum in Vietnam on innovation towards green economic development that is interdisciplinary, with the participation of 3 parties: academia, policy makers, and practice./.
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