Vietnam Discussed Bioeconomy and Biotechnology Potential
At a bioeconomy conference held in Vietnam, the country's immense advantages were discussed, and obstacles to commercialization along with solutions were evaluated.
A scientific conference focusing on the commercialization of the bioeconomy and biotechnology was organized in cooperation with the Vietnam Association for Science and Technology Information and the National Agency for Science and Technology Information and Statistics.
Purpose and Scope of the Conference
A scientific event was held in partnership with the Vietnam Association for Science and Technology Information and the National Agency for Science and Technology Information and Statistics.
Opportunities, policy frameworks, pricing mechanisms, and funding issues for the development of the bioeconomy were discussed in detail at the meeting.
Vietnam's Advantages
Former Deputy Minister of Science and Technology Dr. Tran Van Tung emphasized that renewable biological resources are a new foundational pillar for the global economy.
Tung stated that Vietnam has major advantages in the bioeconomy thanks to its high biodiversity rate, advanced agricultural sector, and biological by-products.
Digital Age and Biotechnology Integration
It was stated that artificial intelligence, big data, and cloud computing combine with biotechnology to initiate the era of digital biology.
It was reported that this technological integration creates new growth drivers in commercializing the bioeconomy.
Four Main Obstacles to the Bioeconomy
Four significant bottlenecks encountered in the country's efforts to strengthen the bioeconomy were clearly listed at the conference.
These obstacles included the lack of measurement standards, legal risks, supply-demand imbalances, and insufficient venture capital.
Solution Proposals for Overcoming Bottlenecks
Former Minister of Science and Technology Associate Professor Dr. Huynh Thanh Dat expressed the need to raise public awareness.
It was emphasized that establishing a true supply-demand ecosystem through close cooperation between institutes, universities, the government, and businesses is essential.
Presentations and Open Discussion Sessions
Within the framework of the event, experts delivered presentations on measuring the bioeconomy and technologies ready for transfer.
Additionally, open discussion sessions were organized on balancing R&D costs and strengthening the innovation ecosystem.