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Startup, innovation must be crucial political task: PM

Prime Minister Pham Minh Chinh has said startup and innovation must be considered as a crucial political task that contributes to promoting robust economic growth, enhancing competitiveness edge and efficiency of production and business, increasing labour productivity, and opening up a new development space.
Startup, innovation must be crucial political task: PM ảnh 1PM Pham Minh Chinh (C) presents awards to winners of the national startup talent contest. (Photo: VNA)

HCM City (VNA) – Prime Minister Pham MinhChinh has said startup and innovation must be considered as a crucial political taskthat contributes to promoting robust economic growth, enhancingcompetitiveness edge and efficiency of production and business, increasing labour productivity, and openingup a new development space.

PM Chinh was speaking at the "TECHFEST - WHISE 2023" imprint programme in HoChi Minh City on November 25, which was held as part of the National Innovation and Startup Festival(TECHFEST) and the Week of Ho Chi Minh City Innovation, Startup andEntrepreneurship (WHISE) 2023 from November 20-25.

The TECHFEST - WHISE 2023 took thetheme “Unleashing the potential of national resources –Empowering Vietnam’s innovative startup ecosystem for global integration”, bringingabout chances to connect financial resources and partners, develop domestic andforeign markets, and share knowledge with startup founders to help companiesoptimise resources and grow.

In his speech, the PM affirmed that the government is readyto listen to and adjust policies to create the most favourable conditions, rollout pilot models and specific initiatives to promote innovation in general andentrepreneurship in particular. The overarching perspective is to place thepeople and businesses at the centre, who are also the core, subject, goal,driving force, and resource for entrepreneurship and innovation.

According to the government leader, entrepreneurship andinnovation should be systematically carried out, focusing on four priorities inthe immediate future, including information technology, cybersecurity, digitalservices; healthcare technology and education; environmental technology andenergy; and hi-tech agriculture.

He said the effortshould be closely linked to addressing the bottlenecks, difficulties, andchallenges of the country, localities, agencies and units, especially thoserelated to climate change response, green economy, digital economy, circulareconomy, knowledge-based economy, contributing to accomplishing tasks set forthby the 13th National Party Congress.

On the occasion, heurged scientists, organisations, businesses, and investors at home and abroadto contribute more actively to Vietnam's entrepreneurship and innovationendeavors.

Startup, innovation must be crucial political task: PM ảnh 2PM Pham Minh Chinh visits a stall at the exhibition. (Photo: VNA)

This year, Vietnamranked 46th out of 132 economies featured in the Global InnovationIndex, standing fourth in ASEAN and among the top growing economies in development.Ho Chi Minh City was placed in the range of 81-90 among the top 100 emergingstartup markets worldwide. At present, Vietnam has over 3,000 startups, alongwith more than 140 universities and research institutes actively engaged in startupand innovation activities, supported by incubators, centres and clubs.

At the event, PM Chinh,along with leaders from ministries, agencies and Ho Chi Minh City, visited anexhibition showcasing innovative startup products and presented awards for thenational startup talent contest./.

VNA

Experts are introducing six-dimensional (6D) cerebral vascular imaging for treatment planning, AI-assisted stroke imaging, and robotic intervention and rehabilitation. They are also presenting next-generation neurointerventional devices and personalised treatment strategies to shorten treatment times, improve survival rates, and reduce long-term disability.

HSBC (Hongkong and Shanghai Banking Corporation Limited) identifies Vietnam as the economy that has recorded the fastest improvement in its position within the AI supply chain. The country’s share of global trade in AI-related equipment surged from 1.2% in 2015 to 12.4% in 2025, the strongest increase worldwide during the period.

Japan is aware that no country can single-handedly manage the entire semiconductor supply chain, so cooperation with partners like the US, Europe, and Asian countries including Vietnam forms a crucial part of Japan's strategy, said Assoc. Prof. Dr Le Duc Anh of the University of Tokyo.

Dr Ta Anh Phuong, CEO of Seinetime, a French technology start-up specialising in data personalisation and artificial intelligence (AI) solutions, said Vietnam's strategic technology goods should pass a global relevance test and strive to achieve strategic indispensability, making them products that international corporations actively seek to incorporate into their operations.

Deputy Prime Minister Ho Quoc Dung expressed his hope that Professor Tran Thanh Van, the Rencontres du Vietnam Association and ICISE would continue serving as bridges between Vietnam and the international scientific community, attracting leading researchers and making practical contributions to the country's scientific and technological progress.

During the event, participants receive both fundamental and advanced training in particle physics and neutrino science through lectures covering neutrino physics, the Standard Model, particle and radiation detectors, reactor neutrino experiments, high-energy neutrino astronomy, supernova neutrinos, and major international projects such as Super-Kamiokande, T2K and Hyper-Kamiokande.

Experts said an efficient data market will ensure that data flows to sectors where it generates the greatest economic value, thereby improving the economy's overall efficiency.

Academic queries account for 17% of all prompts submitted by Vietnamese users, well above the regional average of 11%, cementing Vietnam’s position as the region’s top adopter of AI for education.

Under the newly issued resolution, citizens have the right to control the use of their personal data, access digital services and receive legal protection in the digital environment.

Vietnam's growth model, long fueled by low-cost labour, resource extraction, contract manufacturing, expanded investment, and capital accumulation, has run out of road. The country now needs a sweeping reform agenda to shift from extensive growth to a model driven by productivity, knowledge, science and technology, innovation, and digital transformation.

A year after adopting the two-tier local administration model, Bu Gia Map, a remote border commune in the southern city of Dong Nai with a significant ethnic minority community, has experienced notable improvements in public administration, making digital public services more accessible to residents and boosting governance efficiency.

In the first quarter of 2026, more than 6.9 million accounts were exposed, double the figure recorded in the same period last years. Stolen personal data has frequently been exploited in sophisticated online scams, particularly impersonation schemes targeting victims through fake relatives or acquaintances.

Through a series of display areas, visitors can explore notable scientific and technological achievements of the People's Public Security Force in safeguarding national security in cyberspace. The exhibition also provides information on common forms of online fraud and cyber scams, along with practical guidance on how to identify and prevent them.

Vietnam has been identified as one of Samsung's key markets for developing high-tech human resources.

The initiative aims to establish and perfect mechanisms and policies to encourage greater participation from enterprises, organisations, training institutions and individuals in developing civil cryptography technology.

According to the State Agency for Technology and Innovation under the Ministry of Science and Technology, Vietnam is now home to nearly 4,000 start-ups and enterprises operating in the fields of science, technology and innovation, supported by a workforce of more than 30,000 highly skilled professionals.

VINATOM is targeting not just research strength but strategic national entity status, accompanying the country in building a modern nuclear industry.

The decree, which took effect on July 1, gives priority to investment in high-tech R&D, including research into innovative and core technologies; efforts to decode, master and improve high technologies; and the application, testing and refinement of advanced technologies.

Eighteen months after the launch of Resolution 57, a national AI ecosystem is gradually taking shape, bringing together institutions, data resources, computing infrastructure, technology enterprises, human resources and application markets.

With strong leadership from the Party and the State, together with the determination of ministries, sectors, and localities, Vietnam will achieve important initial milestones in strategic technology development within this year