Finland, Vietnam extend innovation partnership

Vietnamese Prime Minister, Nguyen Tan Dung, has approved the second phase of the Vietnam-Finland Innovation Partnership Programme, which will be carried out during the 2014-2018 period by the Ministry of Science and Technology, Vietnam News Agency (VNA) reported the Vietnam Government Portal as saying.fin_vn_innov

The 11-million Euro (RM49.61 million) project sees the Finnish Government providing 9.9 million Euro(RM44.65 million) in non-refundable aid and the Vietnamese side paying the remainder 1.1 million Euro (RM4.96 million) in corresponding capital.

The project aims to turn the national innovative system into a momentum for the fulfillment of socio-economic development goals in Vietnam and transform the country into an industrialised and modernised one in 2020.

Source: Bernama

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