Vietnam’s ministry of industry and trade (MoIT) is implementing procedures for infrastructure investment for two centres facilitating industrial development in the northern and southern regions, according to its industry agency. Meanwhile, the country’s index for industrial production (IIP) increased by 9.4 per cent year on year and 2 per cent month-on-month in April.
The two centres, which received in-principle approval from the ministry, will help industrial producers and enterprises support industries, boost innovation and technology transfer, improve productivity and quality, increase added value in their products and take part in global supply chains.
They will also target improving science and technology capacity for enterprises in supporting industries and those in processing and manufacturing, strengthen domestic and international cooperation in research and development and facilitate the application of science and technology, besides enhancing the public-private partnership mechanism in technological innovation, research and development projects, according to a Vietnamese media report.
Explore more News here