Products introduced at the fair (Source: VGP news)

Hanoi (VNA) - A trade fair was kicked off in Vung Tau city, Ba Ria-Vung Tau province on November 5 to demonstrate latest technologies and connect technological supply and demand in southern Vietnam.

The two-day event, co-organised by the Ministry of Science and Technology and the provincial People’s Committee, has attracted delegates from the Netherlands, Japan and the Republic of Korea as well as representatives from enterprises in southern provinces.

It also looks to support businesses in technological development and innovation and ramp up technological application and transfer of regional localities and enterprises.

In his opening remarks, Minister of Science and Technology Nguyen Quan said science-technology is the youngest among markets in Vietnam with four components – supply, demand, intermediate institutions and legal framework.

In the past, little attention was paid to intermediate institutions, making it difficult for scientists to access businesses and their research results to be applied in production, he said.

He noted that his ministry has basically completed a legal environment for the sci-tech market and stepped up the building of intermediate institutions through technology trading floors in major cities, international, national and regional techmarts, and trade fairs to connect supply and demand.

A wide range of consultancy services for technology application, upgrade and management as well as financial support are introduced to participating businesses during the event.

Workshops are also scheduled at the fair to give an overview of Vietnam economy amid global integration and discuss challenges facing local firms, in terms of technology.

Pham Duc Thao, Director General of the Ba Ria-Vung Tau Urban Sewerage and Development Co., Ltd, urged the government to facilitate cooperation among businesses in technological research and application.-VNA