The Da Nang government has granted one billion VND for the Truong Giang Electric Company located in Hoa Khanh Industrial Park, and the Chau Da Company in Hoa Cam Industrial Park to drive their technology innovations.

Da Nang People's Committee Vice Chairman Chinh (left) and representatives from the Chau Da and Truong Giang companies. Picture taken at a ceremony to deliver government funding on Saturday.

In detail, 400 million VND in funding have been provided for the Chau Da Company to design face mask making machine.

Till date, the company has transferred its design of this machine to more than 40 domestic and foreign customers.

Meanwhile, the Truong Giang Electric JSC has received 60 million VND in funding to design the AMADA LCG3015AJ Fiber Laser Cutting Machine.

Addressing a ceremony to deliver government funding on Saturday, municipal People's Committee Vice Chairman Le Trung Chinh said that, over recent years, the Da Nang government has provided active support for local businesses to drive their technology innovations for the sake of the city’s economic growth.

Till date, over 4.43 billion VND in funding from Da Nang government have been provided for 28 companies to drive their science and technology innovations with a focus on designing technological equipment, and creating highly-competitive products.

By PHONG LAN - Translated by M.D