02:31 (GMT +7) - Thursday 29/06/2017

Vietnam Today

MoST & MoIT agree to science and technology cooperation

Released at: 12:00, 10/02/2017

MoST & MoIT agree to science and technology cooperation

Photo: Hai Van

Two ministries sign cooperative program for 2017-2020 period.

by Hai Van

The Ministry of Science and Technology (MoST) and the Ministry of Industry and Trade (MoIT) have signed a cooperative program on science and technology coordination between the two ministries in the 2017-2020 period.

Recognizing its important role, the industry and trade sector has already applied science and technology to its industrialization, modernization and sustainable development efforts.

Science and technology has become a key factor in improving productivity, product quality, and competitiveness in major industries, expanded the scale and pace of export growth, promoted both quality and quantity of products in this sector. MoIT also wants to bolster food production and processing via the application of technology.

Leaders from MoIT have identified six important solutions to restructure the industry and trade sector, of which science and technology is one.

The sector has set a target for manufacturing growth to average 13 per cent per year in the 2017-2020 period, with growth in industrial added value to average 7 per cent per year and growth in industrial production to average 13 per year, while the share of industry and construction is to account for 42-43 per cent of GDP.

The role of science and technology is even more important given international competition and MoIT understands it can boost Vietnam’s industry.

MoST and MoIT therefore agreed to coordinate activities in science and technology from 2017 to 2020. This is a highlight of effective cooperation between two ministries and represents a strong commitment to strengthen science and technology activities in the field of industry and trade.

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