NIC ready for the inauguration next two weeks

After nearly three years of construction, the new NIC headquarters in Hoa Lac High-Tech Park (NIC Hoa Lac) is going to be launched. With a total working floor area of nearly 20,000 sq.m, which includes two office blocks and 1 international conference.

This is a regional and world-class ecosystem to attract domestic and foreign partners and technology enterprises to set up research, training, research and development (R&D) facilities. Up to date, partners have registered to fill all the exhibition booths across all three floors of NIC Hoa Lac.

NIC director Vu Quoc Huy chairing the press conference on October 14, 2023 at the NIC Hoa Lac

Vu Quoc Huy, NIC director, said that the total cost of building NIC Hoa Lac was nearly VND1 trillion, which does not come from the state budget, but is mobilised by domestic and foreign enterprises in diverse forms like investment socialisation.

The main function of the NIC is to connect all the elements of the innovation ecosystem in accordance with NIC's focus areas and Industrial Revolution 4.0.

NIC focuses on promoting innovation, cooperation, and forming supply chains in eight major areas like smart factories, smart cities, digital content, cybersecurity, environmental technology, medical technology, semiconductor industry, and hydrogen technology.

NIC acts as an intermediary organisation when working and connecting with investment funds, financial institutions, and in supporting capital raising and premises for startups right from the early stages.

The ballroom with more than 1,000 seats for international conferences and exhibitions

Vietnam International Innovation Exhibition 2023 (VIIE 2023) will be held from October 28 to November 1 at NIC Hoa Lac.

The exhibition will introduce new products and technology solutions in eight mentioned-above major areas with the participation of large domestic and international corporations and innovative technology enterprises such as: SpaceX, SK, Samsung, Google, Meta, Signify, Intel, VISA, Viettel, FPT, and VNPT.

Besides this, there are also international specialised seminars, such as the Vietnam Venture Summit; STEAM & Robotics Festival; and Better Choice Awards Gala.

It is expected that more than 40,000 people will directly participate in the exhibition's activities. Among them, more than 2,000 delegates are leaders of central and local agencies; large corporations and technology enterprises; as well as research institutes, universities and innovation support organisations of Vietnam and overseas.

The NIC under the Ministry of Planning and Investment was established in Decision No.1269/QD-TTg of October 2019. However, the NIC has not spent any state budget so far.

The goals, functions and tasks of NIC are to promote the development of Vietnam's innovation ecosystem; support Vietnamese innovative businesses; developing innovative human resources; building and operating the Vietnamese innovation network.

The global Vietnamese innovation network has been formed with 2,000 members, including Vietnamese experts and intellectuals in the country and abroad in 20 countries and territories (including eight component networks in Germany, Japan, Australia, South Korea, Europe, Taiwan, as well as the east and west coasts of the United States.

Innovative startups eyeing fresh opportunities A new annual event called Inno Vietnam-Japan Fast Track Pitch took place in Hanoi on August 29 to showcase innovative startups.

NIC propels ahead with semiconductor agreements Vietnamese authorities are teaming up with American businesses and universities to create a leap forward in semiconductor manufacturing in Vietnam.

Vietnam eyes lucrative semiconductor market The presence of leading global tech players as Amkor, Hana Micro, and Marvel is expected to help Vietnam to best avail itself of the lucrative billion-dollar semiconductor market.