[Photo caption: Assoc. Professor David Robinson (MBA Director, RMIT University Vietnam) and EMBA Student, Nguyen Minh Hieu, discuss RMIT’s 2015 MBA Study Tour to Innovative Israel in July.]
Vietnam’s Minister of Science and Technology, Nguyen Quan has conceded that he is “very worried” about the competitive pressures that Vietnamese companies will face when the ASEAN Economic Community and various free trade agreements come into effect by the end of the year. This is despite many Vietnamese firms having achieved great success due to their constant efforts in innovation.
Mr Quan told the International Innovation Business Forum held in HCMC on 19 May 2015 that “innovation is the key driver of business success”.
At the same forum, the Israeli Ambassador to Vietnam, Meirav Eilon Shahar explained that despite Israel being a small country with few natural resources, it:
- Produces more start-up companies and more engineers per capita than anywhere else in the world.
- Ranks first in the world for innovation capacity and first in per capita venture capital investment.
- Spends more money on research and development (R&D) than any other country, allocating about 4.38 per cent of its GDP to Research and Development.
Shahar added that connections between the Government, academia and private sector are an important factor in the country’s record of innovation.
Also speaking at the forum was Oren Simanian, founder of StarTAU, Tel Aviv University. He said that in Israel, people are willing to fail and then reinvest. The lessons learned from failures help start-ups better prepare for success in the future.
RMIT University’s MBA Study Tour to Israel: 18-26 July 2015
RMIT University is organising a 2015 MBA Study Tour to Israel that will give participants a unique opportunity to discover numerous stories and examples of innovation.
The tour will be held from 18-26 July 2015 – and two spots are still available.
- For full details of the MBA Study Tour – especially if you are interested in joining – click here.
Photo caption: Professor David Robinson (MBA Director, RMIT University Vietnam), Nguyen Minh Hieu (Director with KPMG and recipient of the Inaugural AusCham RMIT Executive MBA Scholarship) and Phil Johns (Executive Director, AusCham) (absent from photo) met in District 1, HCMC yesterday to discuss the upcoming tour.
- To view the original article that appeared in the Vietnam News on 21 May 2015, click onto Innovation key in competitive climate.
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