The 1st validation workshop of project “Vietnam’s technological change – how technology is contributing to economic growth”

In the headquaters of Ministry of Science and Technology of Vietnam (MOST) had The Validation Workshop of the Project Vietnam’s Technological Change - How Technology is Contributing to Economic Growth organized  during the moring of Nov. 6, 2020.  The workshop which aimed to report, preliminarily access several results of the Project, was held by State Agency for Technology Innovation (SATI) , Office of MOST and other related agecies in association with reseach team of Data61 – CSIRO (Australia).

The workshop had the participation of Mrs. Tran Thi Thu Huong – Director of Department of International Cooperation (MOST), Mrs. Nguyen Thi Ngoc Diep – Director of Department of Technology Appraisal, Examination and Assessment, Mr. Nguyen Hoang Giang – Deputy Chief of Office of MOST, Mr. Nguyen Duc Hoang – Deputy Director General of SATI, Vietnamese leading experts, represntatives of Australia Embassy, Directive Board of the Project, Central Institute for Economic Management and Governmental Economic Consultant Team, related agencies in Vietnam headbridge; Lecturers from University of Queensland and research team member in Data61 – CSIRO (Australia) headbridge.


Photo: Overview of the Validation Workshop

Mrs. Tran Thi Thu Huong stated in her speech, that the Project had been implemented since February 2020 after success of Report Vietnam’s Future Digital Economy: Toward 2030, 2045 which analyzes trends impacting the development of Vietnam's digital economy up to 2045, and its results was published at the Conference “Science, Technology and Innovation - A Pillar for Vietnam's Socio-Economic Development ” in May 15, 2019, in Hanoi. This project has achievements on collecting and forming an initial data system of businesses by 770 industries in the period from 2000 to 2018, 02 business models was contributed to evaluate the impact of R&D activity and technology utilization on growth and productivity are the econometric model using the Technical Frontier Approach and the Dynamic Stochastic General Equilibrium Model.

In the workshop, representatives of research team demonstrated reports on two econometric models to specify preliminary their performance in determining impact of technology adoption on economic growth and other macro – indicators. The next session, experts gave their general review, opinion as well as distributive details for each model which are premise for research team to edit, supplement or improve the Project. The project team also reported on the initial results after a period of implementation, at the same time, gathered feedback from experts to develop the model as well as how to find the main solution in the Vietnamese government’s interests.

In the conclusion, Mr. Tom Wood – Director of Directive Board expresses his highly appreciation on the views of experts in the field, the model of closely and effective collaboration between Australia and Vietnam agencies with Data61 experts in developing and analysing the models. The Project has gained the initial objective: to share public sector knowledge and experience between Australia and Vietnam to strengthen our innovation systems, To deepen research linkages and connections, utilising the benefits of new technology to build the economy of the future.

What is clear from today’s session is that the journey remains. In the next phase, the project team will continue to work closely with experts to validate the models. At the same time, it is critical for the project team to make sure that all the model result will be conveyed to policy makers in Vietnam, then MOST and other agencies in Vietnam can develop evidence-based policies in innovation and technology-related areas.