Launching Innovate Vietnam 2024

Hosted by the Ministry of Planning and Investment (MPI), Innovate Vietnam 2024 promises to ignite the future of innovation in Vietnam. Co-organised by NIC and VCCorp, the event will take place on October 1-2, 2024, at the NIC campus in Hoa Lac High-Tech Park in Hanoi.

Innovate Vietnam 2024 launched

The event will be graced by Prime Minister Pham Minh Chinh, alongside key leaders from various ministries, government agencies, research institutions, universities, companies, banks, investment funds, and global organisations. This high-profile gathering aims to showcase NIC’s transformation over the past five years and reaffirm its role in advancing Vietnam’s innovation ecosystem under the theme “Aspiration - Pioneering - Breakthrough.”

The NIC has been instrumental in fostering an environment conducive to developing cutting-edge technologies, particularly through collaboration between government, universities, and enterprises. The centre has played a pivotal role in promoting Vietnam as a leader in the semiconductor and AI sectors by facilitating training programmes and scholarships in line with government policies.

As a result of these efforts, Vietnam has seen continuous improvement in the Global Innovation Index, with the NIC contributing to the country’s global positioning as a tech-driven economy. Vietnam now ranks first globally in high-tech imports, exports, and creative goods exports.

Minister of Planning and Investment Nguyen Chi Dung, in his opening remarks, highlighted NIC’s mission, saying, "On October 2, 2019, the NIC was established with the goal of leveraging the opportunities presented by the Fourth Industrial Revolution and driving Vietnam's breakthrough in innovation."

The NIC has focused on advancing key technology sectors and is now seen as a major player in positioning Vietnam as a leader in innovation and entrepreneurship in Asia by 2045.

MPI Minister Nguyen Chi Dung

Specifically, the NIC has been doing well in establishing, growing, and leading the national innovation ecosystem; contributing to building mechanism and policies related to innovation and startups; promoting the role of Vietnam's innovation ecosystem.

Vu Quoc Huy, director of the NIC said, “Innovation is the driving force behind revolutionising Vietnam's economic growth model. Our five-year anniversary celebration is not only an opportunity to reflect on the achievements we've made, but also a springboard for breakthroughs in the future, shaping the technological landscape of Vietnam.”

Vietnam's global innovation index has been climbing up year by year to 44^th of 133 countries and territories.

Global tech leaders gather in Vietnam

Several leading figures from the technology sector will be present, including Nick Clegg, Meta’s president of global affairs; Raymond Teh, senior vice president worldwide field operations, Asia-Pacific at NVIDIA; Becky Fraser, vice president of Global Government Affairs at Qualcomm; and senior executives from AMD, Intel, Qorvo, and Samsung.

These industry leaders will provide insights into emerging technologies, discuss business strategies in Vietnam, and explore potential collaborations to strengthen Vietnam’s innovation capabilities.

“Meta is honoured to partner with the MPI to advance Vietnam’s AI-driven future and foster an innovation ecosystem. As Vietnam’s potential for AI development continues to grow, Meta is committed to supporting Vietnam’s long-term vision of establishing AI as a key pillar of its digital economy. Through collaboration with the government of Vietnam, we look forward to the future opportunities coming out of Vietnam,” Clegg from Meta said.

"AI is advancing societies and economies by helping researchers and enterprises solve the world’s greatest challenges across healthcare, climate, manufacturing and more,” said Raymond Teh from NVIDIA. “Working with the NIC and Vietnam's local technology ecosystem, NVIDIA will help turbocharge innovation across its industries."

PM Pham Minh Chinh visiting some booths at the Innovate Vietnam 2024

Playground for innovation and collaboration

Innovate Vietnam 2024 features an exciting line-up of activities to honour practical innovation, encourage breakthroughs, inspire creativity, and promote the entrepreneurial spirit.

Attendees will be able to explore cutting-edge exhibits featuring the latest advancements in AI, semiconductors, and green technology. These experiences will offer a glimpse into the future of technology and its potential applications across various industries.

A series of workshops featuring presentations and panel discussions will offer diverse and objective perspectives on Vietnam’s opportunities and challenges in AI, semiconductors, and high-tech sectors. Attendees will gain insights into technology trends, explore collaboration opportunities, and learn about strategies for attracting investment. These deep-dive sessions bring together influential figures, industry experts, and policymakers.

The event will conclude with a grand gala, spotlighting innovative products and services centred around consumer needs, complemented by captivating presentations of technology and art.

NIC also revealed new partnerships with NVIDIA, Qualcomm, Dassault System, Intel, SemiSEA, and ViSemi at the event. These collaborations aim to foster talent development in AI, semiconductors, and smart manufacturing, as well as promote innovation through initiatives like the annual semiconductor expo.

Innovate Vietnam 2024 serves as a gathering point for policymakers, businesses, investors, and research institutions from both domestic and international markets. It offers a platform to exchange ideas, establish strong partnerships, and highlight the potential of Vietnam’s innovation ecosystem, with NIC playing a crucial role.

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