The Vietnamese Government has issued a decree on the establishment of the Viet Nam-Republic of Korea (RoK) Science and Technology Institute following its agreement with the RoK Government.

The institute, under the Vietnamese Ministry of Science and Technology, is responsible for developing national products, primary technologies and integrated technologies to replace imported ones, and studying to upgrade technologies serving key industries.

Its structure comprises an institute council, a Director, Deputy Directors, a scientific council, and research and development units.

The institute will apply a financial mechanism similar to that of universities, which are also established on the basis of agreements between the Vietnamese and foreign governments, encouraging the participation of outstanding scientists in and outside Viet Nam.

(Source: VNA)