USAID-Funded Project Improves Vietnam’s Innovation and Startup Ecosystem | Business

Illustrative image (Source: MPI)

Hanoi (VNA) – The Ministry of Planning and Investment (MPI) and the United States Agency for International Development (USAID) launched on October 1
Vietnamese workforce for an ecosystem of innovation and start-ups (WISE) project.

The two-year USAID-funded project is expected to support the country’s Fourth Industrial Revolution strategy to advance continued economic transformation.

MPI Deputy Minister Tran Duy Dong said Vietnam’s innovation ecosystem has passed the stage of quantitative development and has now entered a critical stage requiring in-depth investment to be able to form innovative start-ups. High quality.

To this end, the development of human resources is identified as one of the most important foundations. However, Vietnam’s high-quality human resources in information technology, computer engineering and automation have yet to meet the market’s needs, Dong noted.

USAID-funded project improves innovation and Vietnam's startup ecosystem hinh anh 2The Ministry of Planning and Investment and USAID launch Vietnam Workforce for an Innovation and Start-up Ecosystem (Photo: VNA)

Ann Marie Yastishock, mission director for USAID / Vietnam, said that YOU SAID
WISE presents the US government’s commitment to partner with Vietnam throughout its economic transformation and will help advance this strategy, which focuses on mastering and integrating new cutting-edge technologies, stimulating innovation and accelerating the growth of the digital economy.

USAID WISE will therefore support scalable, market-driven and sustainable models in which to prepare the country’s workers for Industry 4.0 through partnerships with the private sector. The project will develop basic digital literacy, provide information on Industry 4.0 career paths to intelligently invest in talent, offer information and communication technologies, skills enhancement and development. retraining for lifelong learning, and explore innovative financing mechanisms for the acquisition of relevant skills.

The project will also support Vietnam’s efforts to focus on Industry 4.0 skills development opportunities for all demographic groups with special attention to women and vulnerable groups to help bridge the digital divide in the workforce. country. This priority is in line with USAID’s digital strategy and will have a long-term impact in the country through an information and communication technology sector that includes leaders, coders, designers and technicians who advance the use and development of Industry 4.0 as it takes root. through the Vietnamese economy./.


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