Business

Vietnam, Japan partner to develop startups, innovative companies

A memorandum of understanding (MoU) on innovation cooperation has been signed, under which Japan will help Vietnam develop startups and innovative companies within the 8th phase of the Vietnam - Japan Joint Initiative.
Vietnam, Japan partner to develop startups, innovative companies ảnh 1Japan will help Vietnam develop startups and innovative companies within the 8th phase of the Vietnam - Japan Joint Initiative. (Photo: VNA)
Hanoi (VNA) – A memorandum ofunderstanding (MoU) on innovation cooperation has been signed, under which Japanwill help Vietnam develop startups and innovative companies within the 8th phase of the Vietnam - Japan Joint Initiative.

The MoU was exchanged in Hanoi on May1 by the Vietnam National Innovation Centre (NIC) under the Ministry ofPlanning and Investment (MPI), the Japanese Chamber of Commerce and Industry inVietnam (JCCI), and the Japan External Trade Organisation (JETRO) in thepresence of Prime Minister Pham Minh Chinh and his Japanese counterpart KishidaFumio who was on an official visit to Vietnam.

Accordingly, JCCI andJETRO will assist with activities held by NIC to help develop startups andinnovative companies of both countries.

Those activities willinclude giving advice on cooperation with Japanese businesses to Vietnamese firms;enhancing ties between the countries’ startups and innovative companies andinvestors; helping increase business connectivity, promote partnerships amongfirms in both countries, and establish startups and innovative companies;working together to organise events on innovation and startup; and exchanging relevantinformation.

NIC Director Vu Quoc Huysaid Vietnam is forming an innovation network with the engagement of expertsand intellectuals working in developed countries, including Japan, Australia,Germany, the US, and the Republic of Korea.

He noted in Japan,Vietnam has set up the Vietnam- Japan Open Innovation Network with thousands of members. This is part of the MPI-foundedVietnam Innovation Network, which aims to connect global intellectuals andexperts to create and apply new technologies, products, business models, andmanagement methods so as to help Vietnam achieve development targets.

At a recent seminar, JETRO Chairman Sasaki Nobuhiko said his organisation will boost dialogue andcollaboration with the Vietnamese Ministry of Industry and Trade, Ministry ofInformation and Communications, and the MPI in terms of technologicalinnovation, digital transformation, and supply chain diversification whilehelping further improve the business climate and reinforcing ties intechnological innovation between the countries’ enterprises./.
VNA
#Vietnam - Japan Joint Initiative #startups #innovative companies #Vietnam National Innovation Centre #Japanese Chamber of Commerce and Industry in Vietnam #JETRO #Kishida Fumio #Vietnam - Japan Open Innovation Network #updated Vietnam news #Vietnamplus #Vietnam News Agency Japan Vietnam
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