Minister Nguyen Chi Dung suggested that US investment funds incubate startups in Vietnam

On May 16, 2022, in New York, the Ministry of Planning and Investment in collaboration with Boston Consulting Group (BCG) held a seminar with US businesses and investment funds such as Alphabet Inc. (Google); Deltec Bank & Trust, JP Morgan & Co, Indus Capital, Reserra Capital….

The seminar focused on exchanging content related to priority areas of Vietnam, especially those that need to apply innovation and ways for US corporations to participate in support.

At the seminar, BCG introduced researches and results in the development of digital technologies in the fields of green banking, green energy, etc. The participating corporations also shared their desire to cooperate with Vietnam. Nam in fields such as: Human resource training in information technology, digital transformation; fintech, green tech..

Minister of Planning and Investment Nguyen Chi Dung at the Talks

Speaking at the Seminar, Minister of Planning and Investment Nguyen Chi Dung emphasized that Vietnam identifies science, technology and innovation as the driving force for rapid and sustainable economic development, especially in the digital era. . Accordingly, the Socio-Economic Development Strategy for the 2021-2030 period identifies the view that Vietnam must “catch up – go with – and get ahead” in a number of industries, fields of science, technology and innovation. create.

Vietnam also sets a target that by 2045, Vietnam will have the capacity to master and apply modern technology in all fields of socio-economics, environment, national defense and security. In which, focus on developing priority industries with high readiness such as information technology industry, electronics – telecommunications; finance-banking; ecommerce; digital agriculture; digital tourism; digital culture industry; medical; education and training.

In addition, in response to practical requirements, Minister Nguyen Chi Dung also mentioned a number of specific areas that need to be promoted for innovation in the coming time, including smart agriculture/high efficiency agriculture, smart factories, etc. smart city, smart city, digital communication, network security and environmental technology.

The Minister hoped that US corporations and investment funds would support Vietnam in researching and synthesizing practices of applying innovation from other countries. From there, it helps to improve technology capacity, update knowledge and solutions suitable to Vietnam’s reality.

Minister Nguyen Chi Dung also suggested that investment funds research investment opportunities and start-up incubation in Vietnam.

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