New Law on High Technology sets incentives and safeguards

On December 10, the National Assembly adopted the amended Law on High Technology, introducing stronger incentives and support measures to create additional refinements for the domestic high-tech market. The law comprises six chapters and 27 articles, regulating high-tech activities, policies to encourage and encourage innovation, and measures supporting the development of strategic technologies.

The law affirms that the state identifies high technology and strategic technology development as a central driver of rapid and sustainable socioeconomic growth, while strengthening national defence, security, and technological self-reliance. It applies the highest levels of incentives in investment, taxation, land use, and related policies to high-tech and strategic technology activities.

Photo: MST

The state implements a focused and targeted investment policy; prioritising the allocation of state budget funds for science, technology, and innovation to finance research, development, testing, application, and commercialisation of high-tech and strategic technologies; investing in the development of technical infrastructure, digital infrastructure, and technological infrastructure to meet the requirements of digital transformation, green transformation, and improving productivity, quality, added value, and competitiveness of goods and services.

It also has policies to support and strengthen linkages between research institutes, higher education institutions, and businesses to create a solid foundation for science, technology, and innovation; apply specific mechanisms to develop, localise, master, and apply technology; and develop high-tech enterprises, strategic technology enterprises, and high-tech and strategic technology startups.

The law sets out preferential mechanisms to attract, develop, and retain high-tech and strategic technology talent, alongside support for organisations investing in training and workforce development in line with science, technology, and innovation policies.

Under the law, policies on high-tech and strategic technologies will be issued and adjusted in a timely, transparent, and stable manner to support innovation, public-private cooperation, and ecosystem development. It also introduces controlled testing mechanisms to facilitate the rollout of new products and services, while strengthening policy communication and enforcement. The law prohibits the misuse of high-tech and strategic technologies that harm national interests, public health, the environment, social ethics, or national defence and security.

The law will take effect from July 1, 2026.

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