Sci-Tech

Vietnam-RoK jointly-founded institute promotes R&D in biotechnology

The Vietnam – Korea Institute of Science and Technology (VKIST) has recently signed several MoUs with both domestic and foreign partners on promoting research and development (R&D) in science and technology.
Vietnam-RoK jointly-founded institute promotes R&D in biotechnology ảnh 1Illustrative photo. (Source: nhandan.vn)
Hanoi (VNA) – The Vietnam – Korea Institute ofScience and Technology (VKIST) has recently signed several MoUs with both domestic and foreign partners on promoting research anddevelopment (R&D) in science and technology.

One of the agreements was between VKIST and CVI Pharma, aVietnamese pharmaceutical company, which allows them to bolster cooperation inmedicinal plant-based health products. Over the last two years, the two sideshave been working together in three R&D projects, which will be soonassessed and put in production.

VKIST President Kum Dongwha said in the coming time, the institutewill focus its efforts on R&D in biotechnology. In particular, it willcooperate with partners to develop natural cosmeceutical products, he said.

Vietnam-RoK jointly-founded institute promotes R&D in biotechnology ảnh 2Several MoUs are signed between the Vietnam – Korea Institute of Science and Technology (VKIST) and domestic and foreign partners on promoting research and development (R&D) in science and technology. (Photo: VKIST)
VKIST is a public science and technology agency founded in2015 under the support of the Government of the Republic of Korea, aiming tobecome a leading research institute in applied science and advanced technologydevelopment for the industrial sector and sustainable economic growth.

It was established through a joint project between the twogovernments following an official visit by Vietnamese Prime Minister Nguyen TanDung to the RoK in March 2012.

Vietnam-RoK jointly-founded institute promotes R&D in biotechnology ảnh 3The headquarters of the Vietnam – Korea Institute of Science and Technology (VKIST) is officially launched. (Photo: VKIST)
In September 2013, the Vietnamese Ministry of Planningand Investment and the Korean Ministry of Foreign Affairs inked an agreement tostart the project for building VKIST, modeled after the Korean Institute ofScience and Technology (KIST), with an investment of 35 million USD sourcedfrom the RoK’s non-refundable ODA.

It is the largest project funded by non-refundable aid provided by the RoKto Vietnam to date./.
VNA
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