In a significant development aimed at bolstering biotechnological education and collaboration in Asian countries, the Federation of Asian Biotech Associations (FABA) has inked a Memorandum of Understanding (MoU) with Thu Dau Mot University. This landmark agreement, signed on 23 September 2024, paves the way for the establishment of a FABA chapter in Vietnam, marking the organization’s commitment to expanding its presence and influence in Southeast Asia.
The new chapter at Thu Dau Mot University will focus on nurturing and leveraging local academic prowess to advance biotechnology research and development. Prof. Reddanna, Executive President of FABA, highlighted the initiative’s strategic importance, stating, “This expansion into Vietnam is important for FABA as we aim to integrate the rich educational resources of Thu Dau Mot University with other established FABA chapters around the world and to foster a thriving biotech community.”
Thu Dau Mot University (TDMU) is a pivotal educational institution in Binh Duong Province, Vietnam. Founded in 2009, TDMU offers a variety of undergraduate programs and emphasizes an application-oriented curriculum designed to meet local and national market demands. The university is committed to fostering a learner-centered environment that supports the socio-economic development goals of the region, aiming to transform Binh Duong into a smart city.
The collaboration will include joint research projects, seminars, and workshops aimed at enhancing the educational landscape, promoting innovation and entrepreneurship and providing a platform for emerging biotech professionals in Vietnam. This initiative is expected to significantly contribute to the biotechnological prowess of the region.
FABA and Binh Duong Business Association Forge Alliance to Enhance Business Collaborations
On the same day, FABA further extended its collaborative efforts by signing another MoU, this time with the Binh Duong Business Association (BDBA), Vietnam. This MoU is designed to strengthen business ties and promote collaborative ventures between Vietnam and India, particularly in the biotechnology and pharmaceutical sectors.
The partnership with BDBA is set to facilitate a spectrum of business activities including joint ventures, business matchmaking, and direct trade connections. “This partnership not only aims to advance scientific collaboration but also to catalyze the business dynamics between the two countries, leveraging the biotechnological advancements for commercial success,” said Dr. Ratnakar Palakodeti, Secretary General of FABA.
The Binh Duong Business Association (BDBA) plays a critical role in the local economy, supporting a wide array of businesses through advocacy, networking, and development programs. BDBA’s efforts are vital in promoting Binh Duong Province as a hub for investment and innovation, thereby contributing to its economic growth and development.
Through this strategic alliance, both organizations aim to unlock potential trade and investment opportunities, fostering economic growth and innovation in both Vietnam and India. The collaboration is expected to serve as a cornerstone for future business engagements and technological exchanges between the two nations.
Mr. Chakravarthi, Advisor-International Affairs at FABA, stated: “This new chapter in Vietnam marks a pivotal moment for biotechnological advancement and international collaboration. By bridging the expertise of FABA with the vibrant academic and business communities in Vietnam, we are setting a new standard for innovation and cross-border cooperation.”
Following the signing of the Memorandums of Understanding (MoUs), the Vietnam delegation embarked on a detailed tour of key biotechnological incubation centers, including ASPIRE BioNest and TBI. During their visit, the delegation interacted with various startups, gaining valuable insights into innovative biotechnological projects. These interactions provided opportunities to discuss potential areas for collaboration, focusing on advancing biotechnological innovations and applications.
Adding to their comprehensive tour, the delegation also visited Indian Immunologicals. At this leading immunobiological company, they explored advanced biotechnological processes and engaged in discussions on strategies for potential technological transfers and collaborations. This visit not only showcased the practical applications of biotechnological research and production but also highlighted the critical role of industry partnerships in fostering technological advancements.
These MoUs were signed by Dr. P Ratnakar, Secretary General of FABA and Dr. Nguyen Thi Lien Thuong, Director, Director, Institute of Innovation in Pharmaceutical and Healthcare Food, Thu Dau Mot University and Mr. Nguyen Thanh Tin from Binh Duong Business Association in the presence of Prof. Pallu Reddanna, Mr. Chakravarthi, and other Executive members of FABA.
 with Thu Dau Mot University. This landmark agreement, signed on 23 September 2024){kind=link}