Vietnam is looking to build a National Innovation Centre (NIC) and Minister of Planning and Investment, Nguyen Chi Dung, has mentioned that this is vital for promoting economic development based on science, technology, and innovation while allowing industries to adapt to the demands of industry 4.0.
Currently, it is intended that for the innovation centre to provide an ecosystem that will serve as a resource hub for companies while providing them with a means of market access for their products. Thus, it is projected that the NIC will be located in the Red River Delta which contributes a quarter of Vietnam’s GDP. Additionally, the government has laid out four focus areas for the centre in the fields of smart manufacturing, digital media, digital games and cybersecurity. And according to consultants, the NIC will be the first of many innovation centres that will be developed across Vietnam, with each innovation centre expected to possess different focus areas that will serve to promote the overall adoption of technology within the country as well as the creation of new technologies.
As of now, there are numerous innovation centres globally that are aimed at accelerating technology developments such as the ones in Beijing (China), Seoul (South Korea) and CyberSpark at Beer Sheva (Israel). And Vietnam’s entry into this space indicates that global shifts towards the adoption of Industry 4.0 practices is occurring at a heightened pace.