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Unlocking private investment in science, technology, innovation development in Vietnam (VietnamPlus, 12 December 2022)

Published on 12/12/2022

Hanoi (VNS/VNA) - The Ministry of Science and Technology, UNDP in Vietnam, and UNDP SDG Impact co-hosted a conference in Hanoi last week with policymakers, experts, investors, and businesses to explore barriers and opportunities to unlocking private investment to accelerate the development of science and technology (sci-tech) and innovation in Vietnam.

Vietnam has enjoyed over three decades of uninterrupted economic growth to become a popular destination for private investors. However, socio-economic challenges remain, and the impact of the COVID-19 pandemic has slowed progress. Private capital and blended finance investments will continue to be an important component of Vietnam’s sustainable development.

Against this backdrop, the Government of Vietnam has made a strong commitment to meet the Sustainable Development Goals (SDGs) by the 2030 Agenda through its National Action Plan 2030. Sci-tech and innovation are considered among the main drivers for socio-economic development in the country, as indicated in many regulatory documents, and are key enablers for achieving the SDGs.

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