Ho Chi Min City to invest $70M in bio-technology

Ho Chi Minh City will invest around VND1.4 trillion or US$70 million in bio-technology from 2010 to 2015, with 89 percent of the amount coming from state budget.

This was announced at the ‘2nd National Biotechnology Conference in Southern Vietnam’, held in Ho Chi Minh City.

Despite having made significant strides, the bio-technology industry in Vietnam remains relatively backward compared to its counterparts in other countries in the region.

Speaking at the conference, Phan Minh Tan, director of the HCMC Department of Science and Technology said: "Bio-technology plays a vital role in industrialization and modernization. It contributes to national food security and sustainable agricultural economic development.”

Ho Chi Minh City is considering bio-technology, information technology, material technology and mechanical automation as the four key breakthrough technologies that need to be developed. As a result, the city has decided to invest a large amount to develop bio-technology till 2015.

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit