Ten-year socioeconomic strategy mobilizes science, tech, innovation
Key role for enterprises
Minister of Science and Technology Huynh Thanh Dat said the Ministry of Science and Technology (MoST) has registered to submit five laws for approval to the National Assembly, including the Law on Science and Technology.
The draft strategy on STI in the 2021-2030 period affirmed that the development of STI is a strategic breakthrough to promote economic growth, increasing productivity, quality, efficiency and competitiveness for rapid and sustainable socioeconomic development. The strategy calls for Vietnam to become a developing country with modern industry and upper middle income by 2030 and a developed high-income country by 2045.
![]() |
The rate of enterprises with innovation activities is expected to reach 40 percent of the total number of science and technology enterprises |
According to Hoang Minh, Director of the Vietnam Institute of Science, Technology and Innovation under the MoST, the strategy aims to mobilize science and technology to serve socioeconomic development, in which enterprises play a central role. In the general trend in the world today, science and technology create knowledge, while innovation aims to turn knowledge into helpful products, goods and services.
The target set for this decade is for science and technology to contribute 45 to 50 percent to the total factor productivity index (TFP), accounting for at least 45 percent of the product prices in the processing and manufacturing industries. By 2030, investment in science and technology aims to reach 1.5-2 percent of GDP.
The development of innovation ecosystems in industries, agriculture and services is connected with domestic and global value chains, in which large enterprises have central roles in leading production, business and innovation. “The roles of state management agencies are creating a favorable institutional environment, policies, and linking businesses, production organizations, research institutes and universities to promote research, application and innovation to improve competitiveness and economic efficiency,” said Minh.
![]() |
Developing innovation ecosystems |
Promoting commercialization
A representative of the Vietnam Academy of Science and Technology said that in order to innovate successfully, leaders must be innovative thinkers. The results of innovative missions must always be associated with intellectual property in order to promote commercialization and enhance the value of technology.
He said the state needs to establish a National Innovation Council, chaired by the Prime Minister, set up a venture capital fund to support spin-offs at major research institutes and universities, and particularly, test the commercialization models of particular technologies (sandbox) with a special mechanism at universities and large research institutes.
President of the Vietnam National University, Hanoi Le Quan said cooperation in the development of STI is needed to jointly solve important issues of industry, the country, as well as other international and regional issues of common concerns. Research needs to be linked to social needs. In the coming period, relevant parties need to focus on supporting enterprises in technological innovation, and targeting public-private cooperation in science and technology to promote innovation.
As the owner of three exclusive patents and dozens of other useful inventions, such as a medical waste treatment furnace and a turmeric curcumin extractor, inventor Trinh Dinh Nang from Bac Kan Province said that in order to develop STI, the country must have leading technology products. The State should adopt more support mechanisms for amateur inventors in terms of funding and policy mechanisms to develop their research products.
The science and technology industry targets that by 2030, the number of enterprises meeting the criteria of science and technology enterprises and the number of innovative start-ups will double and the rate of enterprises engaged in innovation will reach 40 percent of the total number of enterprises. |
See also

Police warn against illegal forex trading platforms
06:00 | 06/06/2023 Science - Technology

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
06:00 | 04/06/2023 Science - Technology

Vigorous changes in science and technology
06:00 | 03/06/2023 Science - Technology

Internet speeds up as four of five undersea cables repaired
08:56 | 02/06/2023 Science - Technology

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
16:29 | 30/05/2023 Science - Technology

Hanoi hosts Vietnam - Asia DX Summit 2023
16:15 | 26/05/2023 Science - Technology
See more news

Hanoi Transerco applies technology to improve public bus services
16:06 | 26/05/2023 Science - Technology

Hanoi aims to be national hub of technology transfer, development
15:59 | 26/05/2023 Science - Technology

Vietnamese students win prizes at int’l science and engineering fair
15:39 | 26/05/2023 Science - Technology

Vietnamese, Russian scientists conduct joint survey on marine resources
06:00 | 25/05/2023 Science - Technology

Vietnam ranks high in digitalisation research
06:00 | 23/05/2023 Science - Technology

Sci-tech, innovation should be key driving force of growth: PM
06:00 | 21/05/2023 Science - Technology

Capital needs breakthrough solutions to sci-tech firm development issues
14:15 | 19/05/2023 Science - Technology

Vietnam’s R&D thrives
06:00 | 18/05/2023 Science - Technology

Decade-long voyage of VNREDSat-1 celebrating Việt Nam's technological achievements
15:43 | 17/05/2023 Science - Technology

Vietnamese scientists manufacture intelligent humanoid robot
06:00 | 12/05/2023 Science - Technology

Nine Vietnamese universities listed in THE Impact Rankings 2023
10:05 | 07/06/2023 Infographic

Vietnamese authorities move to facilitate farm produce exports to China
09:22 | 07/06/2023 Foreign trade

Ambassador calls for more investment from Japan’s Tochigi prefecture
09:07 | 07/06/2023 FDI

Vietnam, China exchange market management experience
08:58 | 07/06/2023 Domestic market

Vietnam promotes green, circular economy
06:00 | 07/06/2023 Economy
Multimedia

Nine Vietnamese universities listed in THE Impact Rankings 2023
10:05 | 07/06/2023 Infographic

Sunset Town – A journey to love on Vietnam's Phu Quoc Island
14:06 | 06/06/2023 Tourism

Children's artwork displayed at HCM City exhibition
06:00 | 04/06/2023 Lifestyle

A memorable summer with fireworks and fun festivals in Đà Nẵng
09:41 | 02/06/2023 Tourism

Top models to compete in national modeling reality TV show
09:30 | 02/06/2023 Lifestyle

Viet Nam-Laos agreement on mutual judicial assistance in civil matters ratified
15:41 | 06/06/2023 Policy

PM issues directive to enhance data sharing for e-commerce development
09:06 | 02/06/2023 Policy

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects
10:06 | 25/05/2023 Policy

Specific mechanisms, policies needed to drive HCM City’s growth
06:02 | 20/05/2023 Policy

More assistance for supporting industry
06:00 | 06/06/2023 Support industries

Cement industry suffers financial losses during Q1
09:54 | 02/06/2023 Industry

Việt Nam has major opportunities to engage in global Halal industry Deputy minister
06:00 | 31/05/2023 Industry

Cut on automobile registration fees to facilitate auto industry
14:33 | 30/05/2023 Industry

Ambassador calls for more investment from Japan’s Tochigi prefecture
09:07 | 07/06/2023 FDI

Vietnam – attractive destination for Italian firms: forum
13:00 | 04/06/2023 FDI

FDI enterprises urge investment environment improvement
06:00 | 01/06/2023 FDI

Vietnam's five-month FDI rises sharply nationwide
13:03 | 29/05/2023 FDI

SBV Governor explains high lending rates, credit room management
09:50 | 05/06/2023 Finance-Banking

Important: Multi-target monetary policies needed
06:00 | 02/06/2023 Finance-Banking

Dozens of commercial banks cut savings interest rates
09:31 | 30/05/2023 Finance-Banking

Central bank continues to reduce policy interest rates
06:12 | 27/05/2023 Finance-Banking

HCM City promotes digital transformation in waste management
15:14 | 06/06/2023 Environment

PM urges stronger wildfire prevention measures amid strong heatwaves
06:00 | 28/05/2023 Environment

Vietnam targets development of green, plastic waste-free tourism
06:00 | 28/05/2023 Environment

Đồng Nai afforestation programme kicks off
06:00 | 27/05/2023 Environment

Police warn against illegal forex trading platforms
06:00 | 06/06/2023 Science - Technology

Over 77,000 computers in Vietnam suffer data encryption in 7 months Bkav
06:00 | 04/06/2023 Science - Technology

Vigorous changes in science and technology
06:00 | 03/06/2023 Science - Technology

Internet speeds up as four of five undersea cables repaired
08:56 | 02/06/2023 Science - Technology

Vietnamese, Bulgarian news agencies ink cooperation pact
15:32 | 06/06/2023 Society

Hanoi: Agricultural development policies lack real-world effectiveness
06:00 | 04/06/2023 Metropolis

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners
16:23 | 26/05/2023 Society

Mong Cai city imports electricity from China’s Dongxing
10:37 | 25/05/2023 Energy

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award
09:30 | 28/05/2023 Vietnamese Brands

Pfizer Vietnam, VNVC sign MoU to protect public health
09:00 | 26/05/2023 Vietnamese Brands

Vietjet offers 50% discount on SkyBoss Business tickets
08:55 | 26/05/2023 Vietnamese Brands

Positioning Vietnam’s Green National Brand
06:00 | 26/05/2023 Vietnamese Brands

Children's artwork displayed at HCM City exhibition
06:00 | 04/06/2023 Lifestyle

Top models to compete in national modeling reality TV show
09:30 | 02/06/2023 Lifestyle

International festival provides platform to young musicians
06:00 | 30/05/2023 Lifestyle

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History
06:00 | 28/05/2023 Lifestyle

Vice-Chairman of Da Nang City People's Committee “DIFF is a push to fuel tourism”
15:06 | 06/06/2023 Tourism

Sunset Town – A journey to love on Vietnam's Phu Quoc Island
14:06 | 06/06/2023 Tourism

Experience healing with world-renowned practitioners at Four Seasons Resort The Nam Hai, Hoi An
14:15 | 05/06/2023 Tourism

A memorable summer with fireworks and fun festivals in Đà Nẵng
09:41 | 02/06/2023 Tourism