(VOVworld)- The Ministry of Science and Technology held a workshop in Hanoi on Saturday to discuss venture investment for Vietnam’s technology commercialization. In his address, Deputy Minister Tran Van Tung said that Vietnam has become a lower middle-income country and to boost its development, Vietnam needed to strengthen the application of science and technology in production and business. By 2015, Vietnam expects to have 3,000 businesses applying the research-based models and science and technology. The Ministry aims to promote the technology commercialization towards the Silicon Valley Model, which is a venture investment fund for assisting newly-started and sci-tech enterprises.