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Revised policies needed for science-technology development, innovation
Prime Minister Pham Minh Chinh has signed a document requesting concerned ministries and agencies to review and propose amendments and supplements to mechanisms and policies in the field of science and technology.
Workers operate machines at ICT Vina company in Da Nang Hi-Tech Park__Photo: Quoc Dung/VNA

Prime Minister Pham Minh Chinh has signed a document requesting concerned ministries and agencies to review and propose amendments and supplements to mechanisms and policies in the field of science and technology.

Under Document 690/TTG-KGVX, the PM ordered breakthrough and comprehensive policies, and effective solutions to deal with difficulties and obstacles in a timely way and promote the development of science, technology, and innovation.

Attention must be paid to removing administrative barriers in managing scientific and technological activities; establishing legal frameworks for pilot and specific mechanisms for new economic models based on science, technology, and innovative initiatives; and forming an open, transparent, integrated, and sustainable science and technology market.

The Ministry of Finance has been assigned to work with the Ministry of Science and Technology and other related ministries and agencies to urgently study, amend, and supplement regulations concerning finance, investment, and assets, especially capital allocation for scientific and technological activities in accordance with the fund mechanism; and improve the operational efficiency of science and technology development funds.

The document also emphasized the necessity to remove obstacles and restrictions related to credit, capital, tax, land, and market access support.

The Government Office is responsible for coordinating with and urging ministries and agencies to report to the PM before August 30.-(VLLF)

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