Techmart spurs technology transfer

14:35 | 27/10/2015 Science - Technology

(VEN) - This year’s International Techmart Vietnam ended successfully with 463 contracts and memoranda of understanding signed worth VND380.6 billion. However, what happens after Techmart in terms of the transfer of technologies remains an issue.

Techmart spurs technology transfer

Techmart Vietnam 2015

Sixty percent of signed contracts have been deployed

The National Agency for Science and Technology Information was responsible for organizing Techmart 2015. According to the agency head Le Xuan Dinh, the event was intended to provide enterprises with opportunities to learn about the latest technologies and equipment as well as demand for new technologies and equipment.

Since 2003, 60 percent of all contracts worth tens of trillions dong signed at 35 local and international Techmart events have been deployed by local enterprises, increasing corporate incomes from 10-50 percent while contributing significantly to national socioeconomic development.

However, the implementation of these contracts and memoranda of understanding has faced difficulties in terms of technology advances and transfer and corporate financial capabilities.

Some signed contracts have failed to be fully implemented as related enterprises have encountered financial issues with buying and applying technologies as well as installing new production lines, said Minister of Science and Technology Nguyen Quan.

“Currently, the government only provides financial support for research, testing and commercialization of technology and training scientists. So, enterprises must buy new technologies and equipment for themselves,” Nguyen Quan said.

More support mechanisms are needed

According to experts, 98 percent of small and medium-sized enterprises face financial difficulties. They can only meet 25 percent of their investment demand and lack sufficient conditions to invest in new technologies and equipment. In addition, corporate production investment has increased in recent years, reducing profit and making the investment in new technologies and equipment more difficult.

The government should therefore have appropriate policies and incentives to support domestic enterprises to improve production technologies and train workers in related skills.

The Techmart organizing board will continue coordinating with related ministries and agencies to support all enterprises that signed contracts at Techmart events but still face difficulties during implementation. Enterprises that have successfully carried out Techmart-signed contracts are likely to receive certificates, tax incentives and financial support for scientific development, said Le Xuan Dinh.

According to Deputy Head of the National Agency for Science and Technology Information Le Thi Khanh Van, seeing that post-Techmart support is very important, the Ministry of Science and Technology will support these enterprises in applying new technologies in production, along with support via several scientific development funds.

According to the National Agency for Science and Technology Information, a technology market has grown in Vietnam but it remains underdeveloped. Techmart is considered as a good opportunity for improving corporate supply and demand of technology and should be further encouraged via financial support.

Quynh Nga