Vietnam boosts innovation and startup ecosystem Vietnam boosts innovation and startup ecosystem 11 January 2021 | News The government held opening ceremonies for the National Innovation Center (NIC) and the International Innovation Expo 2021-VIIE 2021 Photo Credit: Vietnam Government Portal (VGP) Vietnam has launched the construction of National Innovation Centre (NIC), worth 740 billion VND ($32 million), spread across the area of 35 hectares in Hoa Lac hi-tech park on the outskirts of Hanoi. The construction of the NIC and organization of the Expo manifested the Government’s commitments to joining with enterprises and individuals in accelerating innovation. The center aims to develop start-up and innovation eco-system, contributing to growth model transformation based on science and technology development. It plans to boost domestic and international innovative businesses, laboratories, offices of large corporations, as well as a working place of leading experts and scientists.