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Ho Chi Minh City continues to encourage the effective use of business’s Science and Technology Development Fund
In the afternoon of July 11, Ho Chi Minh City Department of Science and Technology coordinated with the Department of Policy - General Department of Taxation and the Department of Planning - Finance, Ministry of Science and Technology to organize a Conference "Business’ Science and Technology Development Fund - Motivation to promote investment in science and technology."


Speaking at the opening of the Conference, Ms. Nguyen Thi Kim Hue (Deputy Director of Ho Chi Minh City Department of Science and Technology) commented that, in the context of integration and globalization, investment and effective use of resources are important for science and technology (S&T) to become one of the key factors for socio-economic development and improving quality of life. Through this Conference "Enterprise’s Science and Technology Development Fund - Motivation to promote investment in science and technology" this time, the Department hopes to receive many exchanges and comments from leaders, managers and scientists to continue perfecting the organizational and operational model of the Enterprise Science and Technology Development Fund, perfecting management regulations, and improving the implementation of sponsorship programs, research support to effectively serve scientific and technological research.

According to Mr. Phan Quoc Tuan (Deputy Head - Department of Technology Management and Technology Market, Department of Science and Technology of Ho Chi Minh City), strengthening consulting and encouraging businesses to establish Science and Technology Development Fund is one of the policies that the Government is paying attention to, aiming to encourage the business community to invest, research, improve processes, rationalize production, and enhance competitiveness.

In Ho Chi Minh City, the Enterprise Science and Technology Development Fund was established with the goal: through financial resources to promote research and development activities, helping businesses create new products and services, improving technology and production processes; Support investment in innovative start-up projects, thereby improving competitiveness and creating new values ​​for the market; Support the training and development of professional human resources, helping to improve the qualifications and skills of workers; Improve production efficiency, reduce costs, improve product and service quality.

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