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International Best Practices in Public Private Partnerships in technology Development: Relevance to Vietnam

On the 20th December 2016, Dr. Fredric William Swierczek – Director of Asian Institute of Technology in Vietnam (AITVN) participated in the workshop “Promoting the commercialization and investment cooperation to develop technology in Vietnam and APEC's members market” at Phu Quoc Island, Kien Giang Province, Vietnam. He presented to the participants about the International Best Practices in Public Private Partnerships (PPP)in technology Development: Relevance to Vietnam.

During the workshop he shared how to motivate the Private Sector to join more effectively in technology development with the Puplic Sector. Then he pointed out the types of partnerships in this sector such as University – Industry, Multiple partnerships – Consortia etc. More important he has analized the various objectives of PPP and the implementation of PPP in technology development, so that the participants understood how these factors can improve  innovation in Vietnam,. To illustrate of this, Dr. Fredric has showed several examples from Singapore, Malayasia and Japan.

In order to increase the Puplic Private Partnership (PPP) in Vietnam in technology development, He suggests the emphasis should have market pull, clear objectives and need to be properly designed. Furthermore, The PPP should have more approach from the private sector in project and management, sustainable financial management, operating flexibility and strong contractual basis including intelectual property production and income from licensing.