Innovation challenge seeks solutions to help Vietnam achieve prosperity
The Vietnam Innovation Challenge 2022 was launched on October 25, aiming to seek innovation solutions from around the world to help the country address major challenges and achieve prosperous and sustainable development.
Delegates launch the Vietnam Innovation Challenge 2022 in Hanoi on October 25. (Photo: VNA)
Hanoi (VNA) – The VietnamInnovation Challenge 2022 was launched on October 25, aiming to seek innovationsolutions from around the world to help the country address major challengesand achieve prosperous and sustainable development.
The event seeks innovation and digital transformation solutions to enhance the capacityof small- and medium-sized enterprises (SMEs).
It focuses on improving SMEs’governance capacity, strengthening their ties with foreign invested and major companies,supporting Vietnamese SMEs to grow strongly to proactively join and move tohigher positions in global supply chains, and reinforcing connectivity and the effectivenessof policy dialogue between the Government and businesses.
Speaking at the launch in Hanoi, VuQuoc Huy, Director of the Vietnam National Innovation Centre (NIC) under theMinitry of Planning and Investment (MPI), said the annual programme is part ofthe MPI’s InnovateVN initiative, in which NIC works with domestic andforeign tech firms and partners to promote innovation-based economic growth withnew business models, products, and processes.
This initiative aims to assist thedevelopment of 500 pioneering innovation businesses by 2030 and help improvethe public sector’s innovation capacity. It also plays the core role innurturing a comprehensive innovation ecosystem in Vietnam and developing thecountry into an attractive destination for global technology and innovationinvestors, he added.
Participants in the launching ceremony on October 25. (Photo: VNA)
In his remarks, Minister of Planningand Investment Nguyen Chi Dung called for cooperation among the public sector,the private sector, and domestic and foreign socio-economic elements to invent,test, and carry out innovation initiatives for a prosperousVietnam.
Rafael Frankel, director of public policy for South Asia and Southeast Asia atthe Meta group, said his company hopes the solutions sought in this programmewill strongly fuel digital transformation and promote the competitiveness ofover 800,000 SMEs in Vietnam.
According to the MPI, the 2022programme invites solutions and initiatives from organisations and individualsaround the world. The best 15 entries will be honoured at a ceremony slated forApril 2023.
Apart from prizes totaling 300,000USD, winning solutions will be implemented in Vietnamese localities. Their inventorswill receive assistance from NIC, Meta and other partners, including GoldsunMedia, Up Co-working Space, Amazon Web Services, Google and Viettel, to improvecapacity, research and develop products, and advertise solutions./.
Prime Minister Pham Minh Chinh on September 23 chaired a conference on developing the science and technology market, aiming to identify challenges and put forward solutions for Vietnam to better manage and operate it.
The startup festival in the Mekong Delta region (Techfest Mekong 2022), themed Khat Vong Vung Dat Chin Rong (Aspiration of the land of nine dragons), opened in Can Tho city on October 19.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
Delegates launch the Vietnam Innovation Challenge 2022 in Hanoi on October 25. (Photo: VNA) 
Participants in the launching ceremony on October 25. (Photo: VNA) 
