Vintech Technology Development JSC – an affiliate of the conglomerate Vingroup – and the University of Technology Sydney (UTS) will foster bilateral co-operation in technological research and development (R&D) in their areas of strength.

This consensus followed the Memorandum of Understanding (MoU) inked between the two sides on Wednesday in the capital.

The MoU will help the two sides build comprehensive co-operation in fields such as data analysis, artificial intelligence, robotics, electronic design, automation, the Industry 4.0 and the Internet of Things, Vintech said in its statement.

Nguyen Viet Quang, Vice President and CEO of Vingroup Group, said he hoped that with its experience and prestige, "UTS will join us in speeding up R&D activities and technological transfer while boosting exchange of data and information in order to bring our researches into the reality".

In his speech, Attila Brungs, President of UTS, said the MoU proved a strong commitment by both sides to co-operate more closely in studying the foundations of Industry 4.0, such as artificial intelligence, self-propelled vehicles, robots and cyber-security.

Last month, Vingroup announced its goal to become an international-standard technology-industry-service business by 2028. The group also signed agreements with the top 50 universities in Viet Nam. That enabled it to provide funding for university science-technology projects and co-ordinate with them in training and educational programmes to share ideas and lectures.

The above-mentioned MoU with UTS is one of the group next steps to achieve its goal and then contribute to the country’s sustainable and long-term science and technology development, according to Vintech. — VNS