Minister of Science and Technology Nguyen Quan (Photo: baodatviet.vn)

(VOVworld) – The Prime Minister has created a National Technological Renovation Fund of 47,000 USD. In a program called “People ask – Minister answers”, Minister of Science and Technology Nguyen Quan said the fund is one of two big funds that the government has established to boost science and technology. Quan said: “The National Fund for Science and Technology Development aids basic studies which should be publicized internationally. The National Technological Renovation Fund supports businesses to renovate technology and projects related to national welfare and people’s livelihoods. Even projects that are not widely known can receive State assistance in order to create scientific or technological products that serve personal productivity or social life”.