At the conference, Deputy Minister of Science and Technology Nguyen Hoang Giang said the ministry has launched various programs, while advising on the building and amendment of policies to help scientists unleash their creative capacities and stimulate technological demand from the business sector. It has also worked to boost enterprises’ technology absorbability through encouraging businesses to establish sci-tech development funds, sci-tech firms, and innovative startups.

At the conference on young scientists and innovative startups held in Hanoi on May 16

The National Foundation for Science and Technology Development (NAFOSTED) has changed its operational methods to give more support for young scientists to lead research projects and participate in international conferences and workshops, the official noted.

The conference saw Luong Van Truong, Director of the Nam Dai Duong youth cooperative in the Northern province of Nam Dinh, talking about the cooperative’s research and invention process for its production of pre-germinated seeds, which helps farmers save costs, labor, and reduce cultivation expenses. Trinh Thi Hoa, co-founder of the Buyo bioplastic company, meanwhile, presented insights into the firm’s research and development of a product to replace plastic from organic waste using a production process prioritizing fuel recirculation.

Following the conference was a ceremony awarding winners of a scientific ideal competition, which was organized for the third time by the online newspaper Compared to the previous editions, this year’s recorded over 130 submissions spanning various fields such as medical-biochemistry, technology, agriculture, environment, and new materials.

Vietnam's Global Innovation Index (GII) has continuously improved over the past 13 years. In 2023, the country ranked 46th out of the 132 countries/economies worldwide and 4th in Southeast Asia. It is one of the seven middle-income countries with the most significant innovation progress in the past decade.

Source: VNA