Vietnam will encourage businesses to import core tech: PM Chinh

Speaking at a conference Friday on the development of a scientific and technological market, he said the purpose of importing core technologies is to "decode, absorb and master [them] to speed up businesses’ technological renovation."

At the conference, organized amid Vietnam’s efforts to link up research institutes and universities with businesses, Chinh affirmed the important role of a sci-tech market in developing a market economy and speeding up renovation to achieve economic breakthroughs, quality and competitive capabilities.

He said in recent years Vietnam’s sci-tech market has been growing steadily with research institutes, universities and scientists churning out works that industry welcomes and businesses’ demand and ability to master new technologies also improving.

Twenty technology exchanges have been set up to bring the two sides together, he said. But he admitted there is still much to be done to commercialize academic research, build strong and trusted intermediary institutions to speed up transactions and develop a state-of-the-art and well-connected national sci-tech market infrastructure.

As Vietnam aims to build an independent and self-sufficient economy with an eye toward possessing new, inventive and advanced technologies and industries, he said a sci-tech market must be grounded on science, encourage scientists, and serve businesses.

In future major cities would get national sci-tech exchanges to connect with regional and international counterparts, he promised.

He called for rapid implementation of policies designed to take research works to the market.