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

Author

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  • Tran Ngoc Ca

    () (National Institute for S&T Policy and Strategy;38 Ngo Quyen Street, Hanoi, 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.

Suggested Citation

  • Tran Ngoc Ca, 2008. "Turning science into business in developing countries: The case of vaccine production in Vietnam," Working Papers 25, Development and Policies Research Center (DEPOCEN), Vietnam.
  • Handle: RePEc:dpc:wpaper:2508
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    Keywords

    Vietnam; bioscience; biotechnology; developing countries; R&D;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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