The National Foundation for Science and Technology Development made its debut in Hanoi on February 26 in the presence of leaders of the National Assembly, ministries and industries as well as representatives of the science and technology sector nationwide.

The National Foundation for Science and Technology Development, established based on the Government’s Resolution No122, is considered a big event for Vietnam’s science and technology sector.

The non-profit fund aims to create a favourable environment and necessary resources to promote scientific and technological activities, grant partial or full non-refundable aid as well as offer low- and non-interest loans for key and highly practical sci-tech activities.

Source: LD

Translated by Vu Hung