At the signing ceremony of a sponsorship agreement between VinIF and science and technology projects. — VNA/VNS Photo

The Vingroup Innovation Foundation (VinIF) has said that in 2024, it continues to sponsor science and technology programmes and projects to promote the application and contribute to changing the research environment in Việt Nam, creating a launching pad for Vietnamese science and technology to reach the international level.

Deputy Minister of Science and Technology Trần Hồng Thái said that the funding will help promote the development of research groups at universities and research institutes, as well as preserving cultural and historical values, supporting the commercialisation of products through research and implementation, and enhancing Việt Nam's scientific and technological potential.

He expressed his hope that the foundation will continue to sponsor and promote activities to support scientific and technological research, with focus on priority studies and national products approved by the Prime Minister.

The VinIF was founded in 2018 by Vingroup, Việt Nam’s largest private conglomerate, with the overriding mission of supporting scientists and young talents from universities and institutes to create world-class scientific, technological and innovative researches in the field of science, technology, engineering, medicine, economics and education, in order to bring about positive and sustainable changes for Vietnam.

Since then, the foundation has funded VNĐ800 billion (US$32.5 million). Notably, in 2023 alone, it sponsored new science and technology projects; 300 master's and doctoral and 90 postdoctoral scholarships, eight projects and 17 cultural and historical events with a total amount of VNĐ160 billion. — VNS