At the first press conference after the merger, leaders of the Ministry of Science and Technology and its affiliated agencies informed about many important contents, focusing on new laws passed at the 9th Session of the 15th National Assembly.

Regular press conference of the Ministry of Science and Technology in June.
Sharing with the press, Mr. Nguyen Phu Hung, Director of the Department of Science, Technology and Innovation, emphasized 10 notable new points of the Law on Science, Technology and Innovation. In particular, many contents stipulated in the law have shaped the development path for Vietnamese technology enterprises in the coming time.
Accordingly, technology development will be focused on enterprises. For the first time, the Law devotes a separate chapter (Chapter IV) to regulating policies to promote research, development and innovation (R&D) activities in enterprises. " Enterprises are strongly encouraged to invest in research and development (R&D), not only with their own resources but also with support from the State budget according to the principle: for every VND the State spends, enterprises spend 3-4 VND," Mr. Hung analyzed.
R&D expenses of enterprises are accounted for as production and business costs and are also tax deductible.

Mr. Nguyen Phu Hung, Director of the Department of Science, Technology and Engineering, speaking at the regular June Press Conference. (Photo: Dinh Son)
For the first time, Innovation is included in the Law and placed on par with Science and Technology. This is a fundamental change in development thinking. While Science and Technology are the professional activities of scientists, focusing on research and development of new knowledge and technology, Innovation is a process of the whole people.
The law establishes a clear direction for the transition from a country that mainly uses technology to mastering strategic technologies. These technologies have a major impact on economic growth and national security. State budget investment will be focused and prioritized for tasks of mastering strategic technologies, instead of being spread out as before. This will be assigned to capable and reputable enterprises and research organizations to carry out.
Science and technology are defined in a complete and balanced ecosystem. This ecosystem includes institutions, technical infrastructure, human resources and entities such as enterprises, research institutes, universities, scientists, financial institutions, intermediary organizations, innovation centers and venture capital funds.
The State plays a role in creating and investing in the construction of key laboratories and shared laboratories, supporting information, standards, and intellectual property, issuing preferential financial mechanisms, supporting innovative enterprises, and attracting and rewarding domestic and foreign talents and experts.
Science and Technology, Innovation takes the market and product orientation as the driving force, guides technology development and identifies related research problems, helping to connect more closely with practical needs and create practical values.

Deputy Minister of Science and Technology Bui Hoang Phuong speaks at the regular June press conference. (Photo: Dinh Son)
In addition to the five new laws passed by the National Assembly (Law on Science, Technology and Innovation; Law amending and supplementing a number of articles of the Law on Technical Standards and Regulations; Law amending and supplementing a number of articles of the Law on Product and Goods Quality; Law on Atomic Energy (amended) and Law on Digital Technology Industry), from now until October, the Ministry of Science and Technology will continue to develop four other laws.
Deputy Minister of Science and Technology Bui Hoang Phuong said: "The Law on Digital Transformation, the Law on High Technology, the Law on Intellectual Property and the Law on Technology Transfer will be extremely important legal corridors. When these laws are promulgated, the legal corridor for Science and Technology, Innovation and Digital Transformation in Vietnam will be basically completed".
Source: https://vtcnews.vn/nha-nuoc-bo-von-moi-chuyen-trong-tam-phat-trien-cong-nghe-sang-doanh-nghiep-ar951405.html
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