The Commercialization Process of Science and Innovation Results in Vietnam
While Vietnam possesses strong infrastructures and a broad integration network in the field of innovation, it faces various structural obstacles in bringing research results to the market.
Despite favorable conditions supporting science, technology, and innovation as well as international agreements, Vietnam faces significant bottlenecks such as capital, technology, and qualified human resources in the stage of delivering research results to the market and commercializing them.
Core Bottlenecks in the Innovation Process
Vietnam has a suitable foundation to promote innovation with its deep integration network and policies supporting businesses. However, the path from a good idea to a product accepted by the market continues to be fraught with various bottlenecks.
The primary challenge here is not merely producing more innovation, but also transforming research results into production, attracting investment, and creating products with market expansion potential.
Advantages of International Integration
According to Dr. Tran Van Khai, Deputy Chairman of the National Assembly's Committee on Science, Technology, and Environment, one of the country's most significant advantages is its high level of economic integration.
Vietnam has signed 17 free trade agreements with more than 60 countries and territories, including leading technology partners such as Japan, South Korea, the European Union, and the United States.
Obstacles Encountered at the Local Level
At the local level, provinces like Lai Chau carry out science and technology projects. However, the small and fragmented scale of projects in Ha Tinh province limits commercialization.
Additionally, the failure to fully establish the connection between the state, scientists, and businesses remains among the internal obstacles.
Necessary Legal and Financial Steps
Experts emphasize that creating a secure legal environment and establishing intellectual property rights are essential.
Furthermore, technology valuation methods need to be renewed, and responsibilities among the parties must be clearly linked.
Incentive Policies and Market Strategies
Chu Thuc Dat, Deputy Director of the Department of Innovation, states that various incentive policies such as tax incentives, interest rate subsidies, and funding are already in place.
Meanwhile, Bui Duc Anh, Investment Director of KBTG, points out that for successful commercialization and a sustainable market, the target customer group must be correctly identified and the business must be scaled.