Policy Exchange

The Policy Exchange activities will focus on collaboration to address emerging challenges in the implementation of Vietnam’s innovation agenda. Policy Exchange activities will be responsive to emerging needs, issues and opportunities of Vietnam’s Ministry of Science and Technology (MoST) and the Government of Vietnam.

Policy Exchange 1

Through collaboration between CSIRO’s Data61, Australia’s leading digital research organization, and Vietnam’s Ministry of Science and Technology (MoST). This study will develop a set of economic models to assess the impacts of technology creation and adoption efforts on productivity and GDP growth in Vietnam.

The next wave of digital technologies – artificial intelligence, blockchain, the Internet of Things, and platforms and cloud-based services have the potential to transform Vietnam into Asia’s next high-performing economy and increase the living standards of all of Vietnam’s citizens over the coming decades. This study aims to demonstrate how Australia and Vietnam can work together to translate the high-level Innovation Partnerships between the two countries into practical and meaningful projects.

Policy Exchange 1 is based on key recommendations from the 2019 report “Vietnam’s Future Digital Economy towards 2030 and 2045”. It will develop an index to measure the economic impact of innovation to advance Vietnam’s innovation ecosystem in building adaptive capacity in responding to challenges and opportunities, like Industry 4.0.

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Policy Exchange 2

Policy Exchange 2 will be delivered together with the Vietnam Institute for Science, Technology and Innovation (VISTI) under MoST. The specific purpose is to support VISTI in developing an Innovation Center by introducing best practice models and policies from Australia.

VISTI’s innovation centre will provide services to support the development of an innovation centre model that is self-sustaining long-term. This activity will provide policy recommendations with a focus on uplifting the level of innovation of Vietnam’s Small and Medium Enterprises (SME), and support the innovation ecosystems in Vietnam.

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Policy Exchange 3

Policy Exchange 3 will bring together an expert team to advise the Government of Vietnam on the effective inclusion of innovation in the national science and technology strategy development process. Through the Vietnamese Institute of Science Technology and Innovation (VISTI) this important work will respond to the Social Economic Development Strategy 2021-2030 (SEDS 2021-2030) that will be released in April 2021 by supplying methodological support and an international best practice review based on expert input from Australia through the Aus4Innovation Program. The expert team will lead project inception activities from March 2020 in close collaboration with CSIRO. The analysis will provide concrete recommendations on STI indicators and performance targets, priority technology fields, and implementation.

The objective will be to report on international experiences (including Australia’s and some countries with similarities to Vietnam) in analysing, choosing STI strategy indicators and recommendations for Vietnam STI Strategy in the period of 2021-2030.