(VOVworld) - The Finland–Vietnam Innovation Partnership Program Phase 2 (IPP2) plans to support start-up ecosystem developers, universities and other educational organizations in Vietnam to improve their innovation and entrepreneurship in 2016.

The information was unveiled at the Final Demo Day in Ho Chi Minh City last week to review the implementation of the IPP2 between 2014 and 2015. Deputy Minister of Science and Technology Tran Quoc Khanh said Vietnam needs strong businesses that are expected to develop in a healthy and creative environment. The ministry has worked hard to improve policies in the field while encouraging private firms to set up venture investment funds. This aims to create a favorable financial and legal climate to develop hi-tech nurseries and start-up training, especially for young entrepreneurs, he said.