Research institutes need financial support

14:46 | 16/10/2017 Science - Technology

(VEN) - A number of research institutes in the industrial sector in Vietnam have achieved notable success, but in order to contribute to the economy they require broader financial support.

research institutes need financial support

According to the Ministry of Science and Technology, over the years Vietnam has established scientific and technological research institutes in the fields of engineering and automation, materials and chemicals, energy, mining, electronics and informatics to meet the development needs of all sectors of the economy.

Specifically, it has 14 research institutes with 25 specialized laboratories for engineering and automation; 30 institutes with one key laboratory and 100 specialized laboratories for materials and chemicals; four institutes with two key laboratories and 40 specialized laboratories in the energy field; two mining institutes and four electronics and informatics institutes.

The Industrial Machinery and Instruments Holding institute, established in 1973, has become a leading research institute in the manufacture of mechatronic products such as CNC machine tools, construction machinery, automatic dosing and packing systems and environmental treatment and protection equipment.

The National Research Institute of Mechanical Engineering, formed in 1962, has made significant contributions to the Vietnamese engineering industry through the design of a variety of automation systems for production lines in paper mills and cement plants.

However, the infrastructure and laboratories of many research institutes are not state-of-the-art, relying on outdated technology and hindered by difficulty in accessing capital.

The limited ability to raise capital, coupled with high interest rates, are challenges in the implementation of scientific and technological projects. One such limitation, for example, is that autonomous institutes cannot use their assets as collateral to carry out big economic contracts.

Lack of equipment and limited financial resources are among the causes for the low success rate of research projects. Vietnam does not have large-scale research institutes with highly qualified human resources and modern infrastructure to provide advanced technologies for all sectors of the economy.

According to the Ministry of Science and Technology, to become an industrialized country by 2020, Vietnam needs to establish research institutes on a large scale with strong financial capacity in order to meet development needs of all sectors in the economy.

Quynh Nga