Innovation

Hanoi (VNA) – A memorandum of understanding (MoU) on investment and scientific-technological cooperation between firms of Vietnam and the Republic of Korea (RoK) was inked in Hanoi on February 18. The MoU was signed by the project management unit of the Vietnam Climate Innovation Centre (VCIC) under the Ministry of Science and Technology and the Vietnam-Korea Businessmen and Investment Association (VKBIA). It will help VCIC-backed firms which operate in green and environmentally-friendly technology development to connect with partners from the RoK in regards to trade, services, investment and technology transfer. The VKBIA will also help arrange thematic trade promotion conferences in the RoK, training programmes for start-ups and meetings with investors and experts. Speaking at the signing ceremony, Vice President of the Korea Chamber of Business in Vietnam (KorCham) Hong Sun said that the event marks a major milestone for the development of the RoK-Vietnam relations. He … [Read more...] about Vietnam, RoK firms join hands in green technology development

All funding will be used by these organisations for research and producing test kits for disease diagnosis; researching treatment regimens; research and manufacture of vaccines; research on the epidemiological characteristics, viral characteristics and transmission ability of the virus. … [Read more...] about Vingroup pledges US$861,000 for coronavirus research in Việt Nam

Hanoi (VNS/VNA) - An equity crowdfunding platform is being established to boost the development of start-up firms. Prime Minister Nguyen Xuan Phuc has asked the Ministry of Finance to develop a plan before 2021. The request was highlighted in the Prime Minister’s Directive No 09/CT-TTg issued recently about creating favourable conditions for start-up firms. The directive said there were many limitations and difficulties in the start-up ecosystem, which made Vietnam less competitive than other countries in the region. The problems lie in business prerequisites which did not match Industry 4.0, lack of investment in research and development, limited financial support from the Government and the shortage of a legal framework for the operation of new services. The Prime Minister asked the Ministry of Planning and Investment to review the Law on Investment to create favourable conditions for foreign investors to found, contribute capital and buy … [Read more...] about Equity crowdfunding platform to boost start-up development

“Aiming to promote scientific and technological research in Viet Nam, we look forward to empowering scientists in research on disease prevention and control which will be very effective with the cooperation of the State. Despite being urgent, the selected projects have been reviewed strictly by the National Council or the Science Council of the Foundation,” she said … [Read more...] about Vingroup pledges US$861,000 for coronavirus research in Vietnam

A representative from the Private Sector Development Committee said firms expected more reforms in customs checks and about 90 per cent of businesses agreed with the Government’s policy of making customs departments the central unit to carry out checks at border gates. … [Read more...] about VN to simplify customs checks