Germany helps improve Viet Nam’s SMEs via innovation programme

Jun 14th at 07:47
14-06-2019 07:47:45+07:00

Germany helps improve Viet Nam’s SMEs via innovation programme

The Central Innovation Programme for Small- and Medium-d Enterprises (SMEs), also known as ZIM, was introduced to Vietnamese and German firms and organisations at a workshop in Berlin on Wednesday.

 

The ZIM programme has been carried out within the framework of a letter of intent on scientific and technological cooperation signed in December 2012 between the Vietnamese Ministry of Science and Technology (MoST) and the German Federal Ministry for Economic Affairs and Energy. It looks to help transfer advanced technologies and improve the technical capacity of SMEs and scientific-technological organisations in Viet Nam.

Tran Dong, Counsellor for Science and Technology at the Vietnamese Embassy in Germany, said the workshop was one of the three similar events held by the MoST to introduce the ZIM programme. The two previous events took place in Ha Noi and HCM City in late May.

The Berlin workshop aimed to give instructions on the approval process, financial mechanisms and methods for supporting the connection of Vietnamese and German scientists and businesses.

He added that during the Viet Nam visit last March by German Minister for Economic Affairs and Energy Peter Altmaier, Prime Minister Nguyen Xuan Phuc asked the European country to assist Viet Nam in developing SMEs and some other fields, including digital technology, start-ups and innovation.

Meanwhile, Counsellor Dang Chung Thuy at the Vietnamese Embassy highlighted the importance of bilateral cooperation in researching, developing and commercialising technologies in the two countries’ SMEs.

He noted that with a dynamic economy, the Government’s efforts, the private sector’s investment and human resource advantages, Viet Nam is becoming a start-up and innovation hub in Asia-Pacific.

Felix Richter, Coordinator for International Cooperation at AiF Projekt GmbH, said apart from Viet Nam, the ZIM programme has cooperated with 25 other countries. Each year, it issues announcements to invite businesses to propose feasible projects to seek funding.

He expressed his hope that the programme will expand its sponsorship scope to attract more SMEs and foster cooperation between the two countries.

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Retailers rush to expand convenience store chains

Many local retailers are rushing to expand their retail store chains, resulting in convenience stores mushrooming across the country, mainly in HCMC, even though...

Business environment improves following Government’s Resolution 02

The implementation of the Government’s Resolution 02/NQ-CP issued early this year has brought about improvements in the business environment, heard a working...

Vietnam succeeds in reducing public debt: Fitch Ratings

The Vietnamese Government succeeded in lowering public debt from 53% of gross domestic product (GDP) in 2016 to 50.5% by late last year, according to Fitch Ratings...

Van Don Economic Zone lays out $357.2 million development plan

The People’s Committee of northeastern Quang Ninh Province has released a plan to implement Prime Minister Nguyen Xuan Phuc’s conclusions on the development of Van...

Fitch sees positive outlook for Viet Nam

Viet Nam’s long-term issuer default rating (IDR) has been upgraded to positive from stable, thanks to its improving track record of economic management, evidenced...

VN to be among world’s most dynamic markets by 2030

An Hodgson, Euromonitor International’s income and expenditure research manager, said the company’s research database showed that urbanisation, with the associated...

Overseas Vietnamese help local startups

Many overseas Vietnamese have returned to Viet Nam to start their business as they see high potential and good economic growth.

Ba Ria-Vung Tau lures capital from Japan

The southern province of Ba Ria-Vung Tau is eyeing more Japanese capital as it targets potential strategic investors.

Viet Nam to shape growth strategy for next decade

Viet Nam would have to push ahead with bold reforms in institutions, human resources, infrastructure and innovation for better quality growth in the next ten years...

Regulations block Vietnamese start-up businesses

The regulatory framework was still the biggest challenge for the Vietnamese start-up community, speakers said at a summit on Monday.


MOST READ


Back To Top