Vietnam Positions Innovation at Core of National Growth, Implementing Institutional Reforms to Mitigate Risks

On the occasion of World Creativity and Innovation Day, Vietnam is strengthening its nationwide efforts to position innovation as a central driver of socio-economic development. The country is particularly focused on promoting the rapid adoption and commercialization of new technologies and encouraging bold endeavors through the introduction of regulatory sandboxes and the establishment of risk acceptance and sharing mechanisms for research and venture investment.