What are main duties on promoting science, technology and innovation activities in enterprises in Vietnam by 2030?

What are main duties on promoting science, technology and innovation activities in Vietnamese enterprises by 2030? What are main duties on actively promoting international cooperation and integration in science, technology and innovation in Vietnam by 2030?

Main duties on promoting science, technology and innovation activities in Vietnamese enterprises by 2030

Pursuant to Subsection 7, Section IV, Article 1 of Decision 569/QD-TTg in 2022 on promoting science, technology and innovation activities in Vietnamese enterprises:

a) The State assists enterprises to improve their access to information about the domestic and international technology. Develop and provide tools and services for analysis of patent information and prediction of trends in the development of technology in order to guide science, technology and innovation activities. Build the centers for service of science, technology and innovation; the brokerage consulting centers for technology established by the State or promote connection between the private advisory centers and enterprises.

b) Synchronously review and amend the regulations of the law on tax, finance, credit, science and technology in order to effectively deploy the incentive mechanisms for enterprises for investment in scientific research and technological innovation. Shorten the amortization time of machinery and equipment for scientific research and technological development. Develop and implement the annual tax incentive mechanism for enterprises according to the actual revenue generated from activities in the list of science, technology and innovation activities. Operate the mechanism for withholding income tax for individuals and enterprises for the funding for science, technology and innovation activities of research institutes and universities.

c) Promote the formation and development of the departments of scientific research and technology development in enterprises. Support the development of a number of domestic enterprises that reach the leading technology level of region. Review, adjust and complete the legal corridor letting the use of the results of science and technology/intellectual property in order to contribute capital to establishment of enterprises.

d) Promote the knowledge transfer and human resource training in science, technology and innovation through the foreign direct investment (FDI) enterprises. Review and complete the preferential policies for FDI enterprises that employ Vietnamese workers with high qualifications and conduct scientific research and technological development in Vietnam in order to promote the target for dissemination of information about the technology. Have the policies in order to encourage the domestic enterprises to enter into joint ventures with FDI enterprises. Establish research institutes next to FDI enterprises in order to learn.

dd) Focus on the implementation of measures to develop science and technology market, promote the output of products of enterprises. Continue to improve the competitive environment in trade, raise standards in goods and services that are circulating in the country, support the widespread deployment of tools and methods of management of intellectual property, promptly issue new standards corresponding to new technologies, innovation in support for technical barriers to trade (TBT) in order to promote science, technology and innovation activities in production and trade. Research and propose adjustment in the policies on public procurement to create incentive for the use of products and services that are the result of scientific research and technological development in Vietnam. Continue to support, develop and promote the digital transformation of the system of intermediaries that provide services of search, evaluation, pricing, brokerage, testing and transfer of technology. Connect technology exchanges with centers of application and transfer of the progress in science and technology in local areas in order to create an unified and comprehensive network to support the enterprises in innovation in technology. Review, evaluate and complete the policies on import of technology (tax incentives, credits, support, ...) in order to promote the transfer of advanced technology from abroad.

e) Continue to review, adjust and implement mechanisms and policies in order to strongly develop the science and technology enterprises, high-tech enterprises and innovation start-ups. Encourage enterprises to invest in research and use of high-tech solutions, new technologies and digital transformation of the domestic enterprises instead of import from abroad.

g) Strengthen support for the activities of the business associations in order to promote linkages of science, technology and innovation activities among enterprises. Build a network of consultants to directly advise enterprises to manage technology and enterprises through associations

Main duties on actively promoting international cooperation and integration in science, technology and innovation in Vietnam by 2030

According to Subsection 8, Section IV, Article 1 of Decision 569/QD-TTg in 2022 on actively promoting international cooperation and integration in science, technology and innovation:

a) Strengthen the international cooperation in scientific research, development and application of technology, purchase and sale, transfer of scientific and technological products; deploy the models and measures for innovation, protect and develop intellectual property, ensure standards and quality of goods. Promote improvement of capacity and transfer of technology in international agreements and treaties which Vietnam is a contracting party.

b) Actively expand international cooperation towards support for some science and technology sectors in order to reach the international level. Strengthen international cooperation in order to learn and transfer the models of management of advanced science, technology and innovation serving improvement of the capacity of management apparatus at all levels.

c) Actively participate in effective contribution to the building of international frameworks and laws on science, technology and innovation. Actively participate in international research alliances on new issues including COVID vaccines, climate change, etc. The State creates favorable conditions for encouragement to enterprises to participate in international research alliances. Introduce and guarantee Vietnamese enterprises to participate in research and transfer of technology,...).

Best regards!

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