16:48 | 23/11/2017 Science - Technology
Deputy Prime Minister Vu Duc Dam attended the opening ceremony of the Vietnam-Korea Institute of Science and Technology (V-KIST) in Hanoi on November 21.
|Deputy PM Vu Duc Dam (middle) along with other delegates at the kick-off ceremony for the V-KIST - Credit: VGP|
This is the largest non-refundable project provided for Vietnam from the Government of the Republic of Korea (RoK) with the aim of fostering science and technology cooperation between the two countries and the development requirements from Vietnam.
The V-KIST will be built at the Hoa Lac Hi-Tech Park based on the success of the KIST model in RoK which is expected to become a technology and solution supplier for enterprises in Vietnam.
The institute is also expected to bring about a friendly environment and favourable conditions for research work and researchers.
V-KIST will also develop an open research network to promote cooperation of experts and scientists who are working at institutes, universities and corporations in order to boost the commercialisation of researched products.
Addressing the ceremony, Deputy PM Dam said that the establishment of the V-KIST revealed an urgent need for stronger reform of management mechanisms and working methods in research area in Vietnam to quickly realise achievements of science and technology, meeting the requirements of innovation.
"V-KIST's mission is not merely to contribute to the development of Vietnam, but the Government also places expectation on a new model, approach, and research of science and technology which will create pervasive values for the whole society, " the Deputy PM noted.