Vietnam Poised for Technological Revolution: Insights from Cambridge Expert

Vietnam, led by insights from Assoc. Prof. Dr. Nguyen Dang Bang, is on the brink of a technological revolution, leveraging its tech-savvy population and economic growth. Key recommendations include prioritizing institutional reforms, focusing on high-impact sectors, fostering academic partnerships, and enhancing early science education.

Vietnam is positioned to undergo a significant technological transformation, according to Assoc. Prof. Dr. Nguyen Dang Bang from Cambridge University’s Judge Business School. In his discussion with the Vietnam News Agency, he emphasized Vietnam’s advantages including its youthful, tech-savvy population, consistent economic growth, extensive integration into global supply chains, and robust infrastructure with major airports and seaports. This potential enables Vietnam to become a leader in smart manufacturing, particularly in sectors such as semiconductors and quantum computing.

To harness these advantages, Dr. Bang stressed the importance of prioritizing institutional reforms. By enhancing institutional frameworks, Vietnam could provide scientists with greater trust and encouragement, allowing them to conduct innovative research without undue bureaucratic burdens. He advised the government to develop clear policies and actionable plans to achieve these scientific objectives.

In light of limited resources, Dr. Bang recommended focusing on 3-4 high-impact sectors with defined timelines and potential for significant returns over the next decade and a half. He suggested that private enterprises and foreign investors could lead in less critical areas, while the government assumes a guiding role within the ecosystem.

Drawing from nearly two decades of academic and research experience in various countries, he advocated for a strong academic ecosystem that connects local universities with leading global institutions. This strategy would provide students with access to pioneering ideas and knowledge.

Furthermore, Dr. Bang called for an emphasis on early science education in primary and secondary schools through engaging, hands-on activities. He proposed that the government create favorable conditions for multinational and domestic firms to establish research facilities in Vietnam, such as providing tax incentives for research and development in priority sectors and forming a task force to attract investments from top global companies.

Lastly, he characterized Vietnam as possessing a global network of scientific experts and urged the government to leverage their expertise for teaching, research, and advisory roles within both state and private sectors, facilitating Vietnam’s advancement in science and technology.

In summary, Vietnam is strategically positioned for a technological revolution due to its youthful workforce, economic growth, and modern infrastructure. However, to fully realize this potential, significant institutional reforms and targeted investments in high-impact sectors are imperative. Building strong academic partnerships and fostering early scientific engagement among youth will also be crucial in sustaining this growth. By capitalizing on its global scientific network, Vietnam can elevate its status in the global tech landscape.

Original Source: en.vietnamplus.vn

About Ravi Patel

Ravi Patel is a dedicated journalist who has spent nearly fifteen years reporting on economic and environmental issues. He graduated from the University of Chicago and has worked for an array of nationally acclaimed magazines and online platforms. Ravi’s investigative pieces are known for their thorough research and clarity, making intricate subjects accessible to a broad audience. His belief in responsible journalism drives him to seek the truth and present it with precision.

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