Sci-Tech

Innovation programme initiates new action plans in 2016

The Finland–Vietnam Innovation Partnership Programme Phase 2 (IPP2) plans to support start-up ecosystem developers, universities and other educational organisations in Vietnam.
Innovation programme initiates new action plans in 2016 ảnh 1Illustrative image (Photo: VNA)

HCM City (VNA) – The Finland–Vietnam Innovation Partnership Programme Phase 2 (IPP2) plans to support start-up ecosystem developers, universities and other educational organisations in Vietnam to improve their innovation and entrepreneurship in 2016.

The information was unveiled at the Final Demo Day in Ho Chi Minh City on January 23 to review the implementation of the IPP2 between 2014 and 2015.

Deputy Minister of Science and Technology Tran Quoc Khanh said Vietnam needs strong businesses that are expected to develop in a healthy and creative environment.

The ministry has worked hard to improve policies in the field while encouraging private firms to set up venture investment funds. This aims to create a favourable financial and legal climate to develop hi-tech nurseries and start-up training, especially for young entrepreneurs, he said.

He said he hopes innovation experts trained under the IPP2 will become crucial factors in Vietnam’s public and private business sectors.

IPP2 is an Official Development Assistance (ODA) programme financed by the Vietnamese and Finnish governments.

The second phase of the programme runs from 2014 to 2018 with the budget of 11 million EUR (11.8 million USD), aiming to strengthen the Vietnamese innovation and entrepreneurship ecosystem.

It also looks to promote sustainable economic development by increasing production and export of innovative products and services.

Between 2014 and 2015, the IPP2 provided financial, training, consulting, and connection assistance to realise 22 innovation projects in Hanoi, Ho Chi Minh City, Da Nang, and Thua Thien-Hue.

As of 2015, the projects generated more than 480 jobs for locals and grossed over 430,000 USD in domestic revenue.

The projects also raked in more than 215,000 USD selling products to foreign markets such as the US , Germany and the Republic of Korea .

In 2015, Vietnam jumped 19 places to rank 52nd out of 141 nations in the global innovation index. It also ranked 56th among 140 countries in global competitiveness, up 12 places.-VNA

VNA
#innovation programme#IPP2#entrepreneurship#start-up ecosystem developers#universities#ODA
Follow VietnamPlus

Related News

Vietnam-Finland innovation forum opens

Vietnam-Finland innovation forum opens

Vietnamese and Finnish policymakers, scientists and businesses met at a forum that started in Hanoi on October 23 to discuss innovation and seek cooperation opportunities.

See more

Strategy aims to turn Vietnam into leader in blockchain technology application

Strategy aims to turn Vietnam into leader in blockchain technology application

Deputy Prime Minister Ho Duc Phoc has signed a decision issuing a national strategy on the application and development of blockchain technology until 2025 with a vision to 2030, with an aim to turn Vietnam into a leading country in the region with an international position in researching, deploying, applying, and exploiting blockchain technology.

Telecom giants in Vietnam are taking applications and commercialising the 5G network, expected to generate more opportunities for businesses to accelerate digital transformation (Photo: https://baodautu.vn/)

Commercialising 5G opens opportunity for businesses: Insiders

Telecom giants in Vietnam are taking applications and commercialising the 5G network, expected to generate more opportunities for businesses to accelerate digital transformation, toward developing a predominantly digital economy in the country, according to insiders.

The launch of the 5G network of Viettel on October 15 (Photo: VNA)

Viettel officially launches 5G network

The Viettel Military Industry and Telecoms Group officially launched the 5G network on October 15, becoming the first to officially provide this service in Vietnam.

The 2G mobile network will be turned off across the nation from October 16. (Photo: VNA)

Vietnam to shut down 2G mobile network from Oct.16

The 2G mobile network will be turned off across the nation from October 16, giving room for the development of such advanced telecommunications technologies as 4G and 5G to better serve users’ increasing demand, according to an official from the Ministry of Information and Communications.

A 5G transmission station by Viettel Group in Hà Nội. ( Photo courtesy of Viettel Group)

Viettel to install four new under sea cables

The Viettel Military Industry and Telecoms Group (Viettel) has announced plans to launch its 5G network across all 63 provinces this month, improving connectivity nationwide.

Deputy Prime Minister Tran Hong Ha (centre, right) receives Professors Tran Thanh Van and scientists and researchers from the International Centre for Interdisciplinary Science and Education (ICISE) in Hanoi on October 11. (Photo: VNA)

Deputy PM receives ICISE founders, scientists

Deputy Prime Minister Tran Hong Ha hosted a reception on October 11 for Professors Tran Thanh Van and Le Minh Ngoc – the founders of the International Centre for Interdisciplinary Science and Education (ICISE) and a group of its scientists and researchers.

Deputy Chairman of the Hanoi People's Committee Ha Minh Hai speaks at the event. (Photo: VNA)

Hanoi kickstarts digital transformation day

The Hanoi Department of Information and Communications, in cooperation with the People's Committee of Nam Tu Liem district, has launched a campaign to promote the National Digital Transformation Day and the capital city’s Digital Transformation Day (October 10).

The newly identified species, named Pasites vuquang Tran, Engel, and L.T.P. Nguyen, 2024 (Photo: Vietnam Academy of Science and Technology)

New bee species discovered in Ha Tinh province

A new bee species was discovered in the Vu Quang National Park in the central province of Ha Tinh, announced the Institute of Ecology and Biological Resources under the Vietnam Academy of Science and Technology and the park on October 2.

Prime Minister Pham Minh Chinh visits a booth displaying the latest innovative technology. (Photo: VNA)

Innovate Vietnam 2024 kicks off in Hanoi

The Innovate Vietnam 2024, an event marking the fifth anniversary of the National Innovation Centre (NIC), opened at the NIC headquarters, Hoa Lac High-tech Park in Hanoi’s outlying district of Thach That, on October 1.

The National Innovation Centre (NIC)'s establishment in Hoa Lac Hi-tech Park on the outskirts of Hanoi. (Photo: baochinhphu.vn)

NIC to soon form nine prioritised technology industries: Minister

Since its establishment in October 2019, the National Innovation Centre (NIC) has become the core of the country’s innovation ecosystem and a bridge between the State, enterprises, training institutes, research centres, financial institutions and incubation support units to lead, build and develop Vietnam's innovation, said Minister of Planning and Investment Nguyen Chi Dung.