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The Vietnam Union of Science and Technology Associations (VUSTA) announced the projects awarded with the “Vietnam Fund for Scientific and Technological Creations (VIFOTEC)” prize. Among the awarded projects there is the third prize of the engineer Dao Xuan Gioi and his coworkers in Binh Son Single Member Refining and Petrochemical Company Ltd (BSR) with the “Solutions for decreasing bridge wall temperature (BWT), flue gas temperature, and saving fuel for H-1101 heat gain furnace at the crude oil distilling unit (CDU) of Dung Quat Refinery”.

In May, 20th, 2015, Vietnam Ministry of Industry and Trade (MOIT) had set up a conference for accepting the scientific and technological theme “Study on the establishment of the criterion set for evaluating the level of the technological innovation and modernization in the coal and solid minerals mining and processing field in Vietnam”.

Vinacomin’s Science and Technology Department Deputy Head Kieu Kim Truc said that since 2009, Vinacomin has raised the science and technology funding to support research and projects in production and business activities.

With an increasingly competitive business environment, enterprises have to improve their technological capabilities to increase business efficiency and labor productivity. To help technological enterprises do the job, the Ministry of Science and Technology (MOST) has actively carried out a range of practical activities to boost the development of scientific and technological market.

Cooperation activities and international integration in science and technology have recently been promoted with several important projects signed and implemented. In particular, the prime minister has approved a research program of bilateral and multilateral scientific and technological cooperation until 2020, which promises to make such activities more effective.

Nowadays, technological innovation has become a critically important factor and has a decisive meaning to the growth and success of enterprises. Therefore, many legal documents have been created to encourage and support enterprises to promote scientific and technological activities and improve their competitiveness.

According to the Department of Science and Technology – the Ministry of Industry and Trade (MOIT), being aware that conducting research and developing science and technology is one of the important tasks, groups and corporations under MOIT have promoted research and application of scientific and technological solutions to improve productivity and quality of their products, efficiently using material, natural resources while protecting the environment.