Innovation

The development of the knowledge economy, urban economy and innovative startups is priority of Hanoi, stated the city’s recently-elected mayor.

Vietnam only has 10 years to turn things around, as the country’s population starts aging by 2030, Minister of Planning and Investment Nguyen Chi Dung has said.

The government is responsible for not only promoting innovation in the banking sector, but also maintaining stability and safety of the financial market.

The Vietnam National University-Hanoi is asked to turn into an advanced research university and one of the top 500 universities in the world by 2025.

A well-trained workforce is more likely to spur innovation at companies. Firms that provide even minimal training to employees are nearly 8 percentage points more likely to introduce a new product and implement a new process.

Vietnam has been witnessing the birth of many technology businesses, in numerous fields and different new business models.