Vietnam’s innovation ecosystem is rapidly growing, but faces challenges that must be addressed to maintain its competitive edge. At the Vietnam Technology Day event, experts emphasized the importance of high-quality human resources, rapidly changing technology, and financial issues in sustaining the country’s innovation ecosystem.
Dr. Nguyen Thanh Binh highlighted the need for a clear legal framework to attract investment in new technologies. Meanwhile, Ms. Lynn Hoang discussed opportunities for Vietnamese businesses in fields like blockchain while emphasizing the importance of balancing technology with policy.
Experts also stressed the significance of a sustainable foundation for innovation, citing Vietnam’s lag in cloud computing compared to other countries. Dr. Tran Viet Huan discussed the importance of developing human resources to maintain Vietnam’s advantage in innovation and Dr. Le Khanh Duy emphasized the need for attractive working environments to retain tech talents in Vietnam.
Overall, it is clear that addressing these challenges and focusing on developing human resources and legal frameworks will be crucial for Vietnam to maintain its position as a dynamic and fast-growing innovation hub in Southeast Asia.
