31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / SCIENCE & TECH
Australia provides US$10.4 million for innovation in Vietnam
Anh Kiet 21:58, 2021/05/20
This is a valuable resource to help realize innovation initiatives in the transition period of the Aus4Innovation to 2022 and create more solid premises for the second phase of the program until 2035.

Australia's Department of Foreign Affairs and Trade has decided to increase funding for innovation in Vietnam by AUD3.5 million (US$2.7 million), raising the total grant to AUD13.5 million (US$10.4 million), which will be channeled via Aus4Innovation, an Australian development assistance program, for the period of 2017-2022.

Australian Ambassador to Vietnam Robyn Mudie said at a recent meeting with Minister of Science and Technology Huynh Thanh Dat on the occasion of Vietnam Science and Technology Day.

Ambassador Robyn Mudie reaffirmed that the program will be implemented in the second phase to 2035.

The innovation partnership grants are a critical feature of the Aus4Innovation program with the purpose of scaling up already tested activities that address emerging challenges or opportunities in any sector of Vietnam's innovation system, the ambassador added.

 Minister Huynh Thanh Dat, Deputy Minister Bui The Duy, Ambassador Robyn Mudie and delegates pose at the working session. Photo: Vneconomy

For his part, Minister Huynh Thanh Dat said that this is a valuable resource to help realize innovation initiatives in the transition period of the Aus4Innovation to 2022 and create more solid premises for the second phase of the program until 2035.

“The Aus4Innovaiton has had a comprehensive and substantial impact as well as promoted capacity and cooperation among elements of the innovation ecosystem in Vietnam. Over the past three years, the creative forces of Vietnam and Australia within the framework of the program have jointly created and achieved many outstanding marks,” Dat said.

Among the achievements, the minister cited the design for the future of Vietnam’s digital economy, econometric models which measure the impact of technology on economic growth, the support of Australian experts in the design of indicators assessment for developing Vietnam's Science, Technology and Innovation Strategy to 2030.

The innovation projects involving the institutes, universities and enterprises of the two countries with the two funding rounds in 2019 and 2020 have initially gained a lot of achievements, contributing to socio-economic development and improving people's life quality, Dat noted.

The most recent are initiatives to promote the application of artificial intelligence (AI) in response to the Covid-19 pandemic, organize the Vietnam AI Festival 2020, support creative AI startups and propagate and build capacity to implement Vietnam's AI Strategy in the coming time, he added.

Aus4Innovation is a four-year collaboration between Australia's Department of Foreign Affairs and Trade and Vietnam's Ministry of Science and Technology.

In 2017-22, Australia and Vietnam are together exploring emerging areas of technology and digital transformation, trialing new models for partnerships between public and private sector institutions, and strengthening Vietnamese capability in digital foresight, scenario planning, commercialization, and innovation policies.

RELATED NEWS
TAG: Australia innovation in Vietnam Aus4Innovation
Other news
19:13, 2023/13/08
Vietnam to export 5G devices to India
With its first high-tech equipment export contract, Viettel's 5G solution is ready for large-scale commercial deployment in Vietnam and international markets such as India.
15:45, 2022/45/30
Vietnam climbs seven places in 2022 Gov’t Al Readiness Index
The Southeast Asian country ranked 6th in ASEAN in terms of Al Readiness Index.
14:55, 2022/55/26
Vietnam to build national data center in 2023: Prime Minister
Digital transformation is a new and challenging issue that requires innovative thinking, strategic vision, and fostering self-reliance, solidarity, and creativity.
20:48, 2022/48/18
Vietnam targets 2023 as the year of digital data
Industry leaders should focus on updating and processing data regularly and continuously, especially those related to land and housing.
18:25, 2022/25/10
Int'l experts seek ways to boost Vietnam's private investment in science, technology
Experts argued that private capital and blended finance investments will continue to be an important component of Vietnam’s sustainable development.
21:41, 2022/41/08
Vietnam strives to foster the development of digital businesses
This year's forum attracted hundreds of technology companies to contribute ideas and propose initiatives to promote the development of the digital technology industry in the future.