Business

Vietnam-Finland innovation partnership to continue

The Prime Minister has approved the second phase of the Vietnam-Finland Innovation Partnership Programme, which will be carried out during the 2014-18 period by the Ministry of Science and Technology, according to the Vietnam Government Portal.
The Prime Minister has approved the second phase of theVietnam-Finland Innovation Partnership Programme, which will be carriedout during the 2014-18 period by the Ministry of Science and Technology,according to the Vietnam Government Portal.

The 11-million EURproject sees the Finish Government providing 9.9 million EUR innon-refundable aid and the Vietnamese side paying the remainder 1.1million EUR in corresponding capital.

The project aims to turnthe national innovative system into a momentum for the fulfillment ofsocio-economic development goals in Vietnam and convert the country intoan industrialised and modernised one in 2020.

Earlier, the first phase of the programme was conducted between 2009 and 2013 with a total investment of 7 million EUR.

The programme supported over 60 projects on institutional development,innovative building, pro-initiatives, innovation projects of businessesand cooperation between the two countries.-VNA
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