PM pledges support for overseas Vietnamese scientists Politics

PM pledges support for overseas Vietnamese scientists

Prime Minister Nguyen Xuan Phuc has promised to create favourable conditions for overseas Vietnamese scientists to participate in scientific and technological projects at home so that they can make contributions to the country’s socio-economic development.
Good prospect for high-tech venture fund model: minister Sci-Tech

Good prospect for high-tech venture fund model: minister

Minister of Science and Technology Nguyen Quan on June 12 told the National Assembly that a trial private venture fund for technology development, licensed early this year, has proved to be a good start.

In response to NA deputies’ questions about venture funds for high technology, the minister said although the High Technology Law contains regulations on a venture fund for high technology to support scientists, the fund has not been established as it is not stipulated in the State Budget Law and other relevant laws.

However, the Ministry of Science and Technology has made the first step by support the project for the private venture fund, which has sponsored nine start-up groups of students from universities. Five of the groups have found investors for their business with an investment of 200,000 USD each. This is a bright sign signaling the success of the model, he asserted.