HA NOI (VNS)— CMC Group one Thursday announced they were setting up an institute that would conduct research in technology applications and develop high tech products and services.
The research conducted by the CMC Institute of Research and Development (CIRD) would also help in improving the group's competitiveness.
The institute has a charter capital of VND5 billion (US$247,000) and operating capital of VND100 billion. The capital would be mobilised from loans and donors.
Speaking at the ceremony, Nguyen Trung Chinh, the group's General Director, said CMC has clarified on the most important strategy to become a creative group.
According to international standards, the turnover of creative activities would have to account for 30 per cent of the companies. — VNS