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BAC GIANG (Biz Hub)— Eighteen contracts, worth VND70 billion (US$3.33 million), were signed at an exposition, which closed its door in northern Bac Giang Province on Thursday.

TechDemo 2014 welcomed the participation of 70 domestic and foreign units operating in machinery and automation; agro-forestry-fishery processing; biological and chemical technologies; and pharmaceuticals.

Minister of Science and Technology Nguyen Quan described the two-day event as a good opportunity for the participating units to update knowledge on cutting-edge technologies and equipment, foster technological transfer and application as well as introduce their technologies to domestic and international visitors.

During the event, businesses also engaged in seminars, in which they shared views on current technological supply and demand in the northern region.

They also exchanged experience in transferring and receiving technological research outcomes while proposing solutions for obstacles hindering the process.

The event was co-organised by the Ministry of Science and Technology and the Bac Giang provincial People's Committee.

The previous event, TechDemo 2013 in Thai Binh, witnessed 16 contracts worth over VND147 billion ($7 million) signed between the participating units. — VNS