Vietnam to set up national innovation center

The establishment of the Vietnam National Innovation Center aims to support and develop a startup ecosystem in Vietnam. (Illustrative image. Source: VNA)

The establishment of the center aims to support and develop a startup ecosystem in Vietnam and promote innovation as well as the growth model based on scientific and technological development.

The PM assigned the Ministry of Planning and Investment to specify the functions, tasks, power and apparatus of the center, and approve its organization and operation regulations.

He asked the ministry to mobilize, manage and use legal resources from domestic and foreign organizations and individuals to serve the center’s operation in line with the country’s law.

The Ministry of Science and Technology was tasked to work with the Ministry of Planning and Investment to direct the management board of Hoa Lac Hi-Tech Park to support the completion of procedures to put the center into operation.

The Ministry of Finance was requested to work with the Ministry of Planning and Investment to issue documents guiding the management and use of aid packages for the center./.

VNA