The € 11 million project would be applied in the 2014-2018 period by the Ministry of Science and Technology.

It sees the Finish Government providing € 9.9 million in non-refundable aid and the Vietnamese side paying € 1.1 million in corresponding capital.

The project aims to make the national innovative system become a momentum for the fulfillment of socio-economic development goals in Viet Nam and convert it into an industrialized and modernized one in 2020.

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

The program supported over 60 projects on institutional development, innovative building, pro-initiatives, innovative projects of businesses and Viet Nam-Finland cooperation./.

By Khanh Phuong