Innovation Challenge seeks solutions to help Vietnam achieve prosperity

(VOVWORLD) - The Vietnam Innovation Challenge 2022 was launched on Tuesday, aiming to seek solutions from around the world to help the country address major challenges and achieve prosperous and sustainable development. 

Innovation Challenge seeks solutions to help Vietnam achieve prosperity - ảnh 1The Vietnam Innovation Challenge 2022 is launched in Hanoi on October 25, 2022. (Photo: VNA)

The event seeks digital transformation solutions to enhance the capacity of small-and medium-sized enterprises (SMEs).

“We focus on improving SMEs’ governance capacity, strengthening their ties with foreign invested and major companies, supporting Vietnamese SMEs to grow strongly to proactively join and move to higher positions in global supply chains, and reinforcing connectivity and the effectiveness of policy dialogue between the Government and businesses,” said Vu Quoc Huy, Director of the Vietnam National Innovation Centre (NIC).

Apart from prizes totaling 300,000 USD, winning solutions will be implemented in Vietnamese localities. Their inventors will receive assistance from NIC, Meta and other partners, including Goldsun Media, Up Co-working Space, Amazon Web Services, Google and Viettel, to improve capacity, research and develop products, and advertise solutions.