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Science and technology market development orientations approved
The Prime Minister has recently directed ministries and related agencies to remove barriers and improve the legal system for promoting the science and technology market’s development in a comprehensive, effective and modern manner.
Manufacturing electronic circuit boards at Synopex Vina2 Limited Liability Company, a company invested by Korea in Yen Phong Industrial Park (Bac Ninh)__Photo: Danh Lam/VNA

The Prime Minister has recently directed ministries and related agencies to remove barriers and improve the legal system for promoting the science and technology market’s development in a comprehensive, effective and modern manner.

Under Directive 25/CT-TTg dated October 5, the Ministry of Science and Technology is assigned to coordinate with related ministries and agencies in reviewing existing regulations on capital contribution and divestment when organizations and individuals make capital contributions with their research outcomes, intellectual assets and assets formed from scientific and technological tasks, and promulgating new ones before the end of 2024.

The Ministry will also have to formulate specific policies to attract overseas Vietnamese experts and foreign experts to participate in science and technology market development activities in Vietnam, and support localities in developing three major technology trading floors in Hanoi, Da Nang and Ho Chi Minh City and a number of local science and technology trading floors nationwide.

Meanwhile, the Ministry of Finance will have to revise regulations on management and use of public assets in order to clarify regulations on management of assets formed under scientific and technological tasks funded by the State which are in conformity with international practices and the special nature of scientific research and technological development outcomes.

At the same time, the State Bank of Vietnam is asked to coordinate with related agencies in implementing policies on provision of bank loans to enterprises operating in hi-tech fields, green and energy-saving technologies so as to boost the export of key commodities and advanced technologies capable of creating high added value.-

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