Turning science into business in developing countries: the case of vaccine production in Vietnam
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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.
JEL ClassificationsO31 O38
KeywordsBiotechnology Spin-off Vaccine International cooperation Vietnam Technology transfer
The author would like to thank several colleagues for providing useful inputs in writing this paper, particularly Mrs. Doan Thi Thuy, Vice Director of Vabiotech company. Acknowledgements also go to two anonymous referees who gave very succinct and valuable comments and frank advice on the revision of the paper.
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