Finnish investment fund signs agreement with Vietnam Ministry

Vietnam's Deputy Minister of MOST Tran Quoc Khanh and Pekka Soini, Director General of TEKES are happy about the deeper cooperation (Photo: Kirsi Kokkonen)

Vietnam’s Deputy Minister of MOST
Tran Quoc Khanh and Pekka Soini, Director General of TEKES are happy about the deeper cooperation (Photo: Kirsi Kokkonen)

The Finnish Funding Agency for Technology and Innovation (TEKES) have signed a memorandum of understanding with The Vietnamese Ministry of Science and Technology (MOST). The agreement was signed by Director General of TEKES Pekka Soini and the Deputy Minister of MOST Tran Quoc Khanh at an official press conference the 8th March 2016.

The memorandum pairs Finland and Vietnam in closer agreement, promoting research, development and innovation between the Nations within ICT, cleantech, health, construction and cyber safety, among other things. There’s an overall goal to promote cooperation between businesses and research institutes in Finland and Vietnam as well as support technology transfer and commercialization.

The initiative supports the Business with Impact programme (BEAM) organized by TEKES and the Finland’s Ministry of Foreign Affairs, which official aim is to generate new, sustainable business in developing countries assisted by Finnish enterprises and other actors. Moreover using innovations to address global development challenges, by converting such innovations into successful and sustainable business in both Finland and developing countries.

“As Vietnam in steadily integrating into the international trading system and free trade, Finland will have many new business and cooperation opportunities in Vietnam,” Minh Lam, head of the BEAM programme, says in a press release.

TEKES and MOST will exchange information and best practices for the benefit of both parties and organize joint funding application processes for Finnish and Vietnamese companies and research organisations. The funding application process is scheduled to start during summer 2016.

(Source: The Finnish Funding Agency for Technology and Innovation)

 

 

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