Vietnam to establish National Innovation Centre
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The Vietnamese government will tomorrow formally launch a project to establish a National Innovation Centre in Hanoi to help lay the groundwork for Vietnam to capitalize on the Industry 4.0 era.
The project is set to break ground later this year and could be ready for operation by next year. It will be developed over a three year period.
The NIC aims to lure 40 large technology companies, as well as 150 startups and SMEs and 15 venture investment funds, the Ministry of Information and Communication announced.
It will initially focus on priority areas including network security, digital content and smart manufacturing and smart city technologies.
The draft plan for the project stipulates the construction on a 23 hectare area of Hoa Lac Hi-Tech park, and calls for total investment of 1.9 trillion dong ($81.7 million). The project forms part of the
The NIC is a part of the Ministry of Planning and Investment’s Vietnam Innovation Network initiative, and if the project is successful, the government plans to establish more such centers across Vietnam.
Questions & Answers
Q.When is the National Innovation Centre expected to be fully operational?
When is the National Innovation Centre expected to be fully operational?
The project is scheduled to break ground later this year and could be ready for operation by next year. However, its full development is planned to span a three-year period.
Q.Which specific technology sectors will the National Innovation Centre initially prioritise?
Which specific technology sectors will the National Innovation Centre initially prioritise?
The centre will initially concentrate on key areas. These include network security, digital content, smart manufacturing technologies, and also smart city technologies to drive innovation.
Q.What is the total estimated investment for the National Innovation Centre project?
What is the total estimated investment for the National Innovation Centre project?
The draft plan for the project indicates a total investment of 1.9 trillion dong. This amount is equivalent to approximately $81.7 million, allocated for its construction.
Q.Which types of organisations does the National Innovation Centre aim to attract?
Which types of organisations does the National Innovation Centre aim to attract?
The centre's goal is to attract 40 large technology companies, along with 150 startups and SMEs. It also aims to lure 15 venture investment funds to the location.