The upcoming pilot program for Public-Private Partnership (PPP), which was recently approved by the Prime Minister, will focus on strengthening the country’s science and technology progress.

The projects selected for the program will relate to key scientific and technological issues essential to competitiveness in certain production sectors and the whole economy.

The PPP mechanism agrees to distribute capital and human resources between the public and private partners working on science and technology projects.

The partners will publicize the results of projects based on their shares.

The public partners include ministries, government agencies, cities and provinces’ people’s committees and State budget run-financial institutions. The private partners will be enterprises and other profitable institutions. The share of private partners receiving support will be over 40 percent of the total capital.

An in-vitro fertilization lab.

The Ministry of Science and Technology will select projects and partners based on the program’s criteria.

The partners will then sign agreements to carry out the projects based on scales of their capital and purposes of projects.

The program’s management board will make public lists of projects.

The Government encouraged both domestic and foreign organizations to contribute money, property and services to the program.

Contribution to the program will be counted as an investment into sciences and technological development, so the investments will be granted priorities as per regulations.

Businesses, entities or individuals who carry out any projects of the program will be also given top priorities for using State-owned facilities, including laboratories.

Source: VNA