Vietnam announces sci-tech market development programme by 2030

July 16, 2021 | 14:56

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Vietnam has set a number of ambitious targets for sci-tech development by 2030 to integrate into the global innovation network.

Vietnam announces sci-tech market development programme by 2030

Deputy Prime Minister Vu Duc Dam on July 13 signed Decision No.1158/QD-TTg to issue the national programme on sci-tech market development by 2030.

The programme sets a number of targets. Specifically, it aims to increase the value of transactions of sci-tech products by 30 per cent per annum on average by 2030, and over 35 per cent for key sectors and export items.The programme also aims to increase the transaction rate of intellectual property assets above 20 per cent, while the threshold for imported technology products from developed countries will reach over 35 per cent.

The transaction rate of technology products from Vietnamese research institutes and universities will hit over 40 per cent of the total number of locally-sourced technology transactions. Under the programme, the country will develop to more than intermediate trading units and networks of specialised intermediate trading units for six key export industries.

Moreover, results of research and intellectual property which have the potential for market commercialisation will be digitalised. The national infrastructure system of the sci-tech market will be modernised while connecting with regional and global networks of intermediate trading units.

To achieve the targets, the programme sets out a number of certain tasks and measures, including the completion of the legal environment to support the development of the sci-tech market and promote the purchasing of sci-tech products, increasing absorption capacity of technologies, innovation, and mastery of technology among businesses.

Others tasks include are to promote the development of supply of sci-tech solutions and products in the sci-tech market, develop intermediate trading units, intensify promotional activities, enhance education and training, and develop national infrastructure of the sci-tech market among others.