Cooperation to promote innovation, entrepreneurship and green transformation

On August 12, the National Innovation Center (NIC), Ministry of Finance , signed a strategic cooperation agreement with Nextrans Investment Fund and Global Green Growth Institute (GGGI) of Korea.

The cooperation agreements were awarded within the framework of the Vietnam - Korea Economic Forum organized by the Ministry of Finance in coordination with KCCI and relevant agencies during the State visit of General Secretary To Lam to Korea from August 10-13, 2025.

The Vietnam – Korea Economic Forum was organized by the Ministry of Finance in coordination with KCCI. (Photo: NIC)

Speaking at the Forum, the General Secretary highly appreciated the contribution of the Korean side in supporting the construction of the National Innovation Center. Accordingly, the Korean SK Group has sponsored the construction and development of the innovation ecosystem at the NIC facilities.

The General Secretary believes that the two countries will continue to join hands to support Vietnam in developing and creating a "Red River miracle" based on science, technology and innovation.

The cooperation between NIC and Nextrans Investment Fund aims to promote a dynamic and comprehensive innovation ecosystem; facilitate access to international venture capital and capital for Vietnamese startups.

At the same time, the two sides will jointly establish an Innovation Fund to finance and invest in high-potential early-stage startups in Vietnam. In addition, the capacity of founders and ecosystem members will be enhanced through training, mentoring and international exposure opportunities.

Meanwhile, the cooperation between NIC and GGGI aims to promote innovation activities and the 2030 Agenda for Sustainable Development and the implementation of the Paris Agreement on climate change.

Specific areas of cooperation include: Strengthening the innovation ecosystem associated with green growth, developing climate technology industries and green startups; Supporting the climate technology startup ecosystem, including accelerating startups (with artificial intelligence applications), connecting investments and promoting public-private partnerships; Developing a clean hydrogen investment ecosystem in Vietnam, from policy assessment, legal framework to building the idea of a national hydrogen technology innovation and demonstration center.

In addition, NIC and GGGI will cooperate to establish a digital partnership, connecting investors and global markets, including the possibility of integrating GGGI's Green Transition Lab (GTL) platform into NIC's system. The two sides will also cooperate in other areas to promote green growth based on innovation and technology.

Minh Hoan

Source: https://vtcnews.vn/hop-tac-thuc-day-doi-moi-sang-tao-khoi-nghiep-va-chuyen-doi-xanh-ar959450.html