Turning science into business in developing countries: The case of vaccine production in Vietnam

Tran Ngoc Ca ()
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Tran Ngoc Ca: National Institute for S&T Policy and Strategy;38 Ngo Quyen Street, Hanoi, Vietnam

No 25, Working Papers from Development and Policies Research Center (DEPOCEN), Vietnam

Abstract: Turning scientific discoveries into business opportunities is a difficult process, particularly in high-tech related area such as bioscience and/biotechnology. In developing countries, where research conditions are much less favorable than in the industrialized world, there are many additional constraints in terms of finance, investment, and human resources. However, the production of vaccines on the basis of research and technology transfer in Vietnam shows that this is possible provided the right policy and right people are available. Relying on transfer of technology from overseas, plus a combination of domestic efforts and international cooperation on R&D, Vietnamese research institutes have turned their research into business operations and turned some scientists into a businessmen and women. This in turn, has contributed to the eradication of certain diseases and Vietnam’s self-reliance of key vaccines.

Keywords: Vietnam; bioscience; biotechnology; developing countries; R&D (search for similar items in EconPapers)
JEL-codes: O31 O38 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2008
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