Want to be in the loop?
subscribe to
our notification
Business News
MORE SCI-TECH DEVELOPMENT PLANS TO BE BUILT IN 2021
This year, the Ministry of Science and Technology will focus on building national sci-tech development plans for the next five years to promote socioeconomic development in the new era.
Deputy Minister of Science and Technology Le Xuan Dinh made the statement at a meeting held on January 6 to review performance in 2020 and set key tasks for 2021.
According to Dinh, 2021 is an especially significant year for Vietnam as the country begins to implement the 2021-2025 Socioeconomic Development Plan and the 2021-2030 Socioeconomic Development Strategy. The MoST will closely work with other ministries, agencies, and local authorities on a number of key national tasks.
Addressing the event, Deputy Prime Minister Vu Duc Dam highlighted the achievements of the sci-tech sector. He also pointed out the shortcomingsand asked the MoST to work out the kinks in the mechanisms on tax incentives and investment to encourage investment in sci-tech.
Key tasks in 2021
This year, the MoST will complete and submit to the prime minister the sci-tech and innovation development strategy for 2021-2030, sci-tech directions for 2021-2025; and other key national sci-tech programmes.
Moreover, the ministry will revise the management and financial policies for sci-tech goals and tasks to create a more favourable environment for scientists and businesses to join while effectively implementing the Intellectual Property Strategy by 2030, the programme on the development of intellectual assets by 2030, and amending and supplementing policies on finance and investment to spur research and development activities and innovation.
At the same time, the ministry will complete the draft amendments to the Law on Intellectual Property and submit them to the National Assembly in October 2021.
2020 performance
Looking back on 2020, the deputy minister emphasised that amidst the serious development of COVID-19, the country was pursuing the dual tasks of fighting the pandemic and ensuring socioeconomic development.
Vietnam achieved a GDP growth rate of 2.91 per cent, an impressive figure despite the impact of the novel coronavirus pandemic, making it one of the countries reporting the highest growth in the region and the world. Labour productivity improved at 5.8 per cent annually in 2016-2020 on average.
Also, the country ranked 42nd among 131 economies for the second consecutive year in the 2020 Global Innovation Index (GII). Among the economics with the most significant progress in GII ranking, Vietnam was first among the 29 lower-middle-income countries and third in Southeast Asia, behind Singapore (eighth) and Malaysia (33rd).
The MoST has undoubtedly contributed to these achievements. Last year, the ministry submitted the government 18 documents, issued seven circulars, and collaborated with the Ministry of Finance to issue two circulars. These documents focused on completing policies on sci-tech to facilitate activities and encourage private investment.
In addition, the ministry worked with the Ministry of Culture, Sports and Tourism and the Ministry of Agriculture and Rural Development on the draft amendments to the Law on Intellectual Property. Accordingly, seven policies are proposed to be amended to be aligned with international commitments.
Regarding the tasks assigned by the government, the ministry was assigned 55 tasks and fulfilled all of them. It also took actions to cut administrative procedures, develop e-government, and boost technology applications in management and performance.
Also during 2020, the MoST focused on building and submitting to authorised agencies the policies on increasing capacity to adapt to Industry 4.0, while collaborating with other ministries, agencies, and localities on carrying out the scheme on developing sustainable smart cities in 2018-2025, with a vision to 2030.
The ministry also closely worked with ministries, agencies, and local authorities on preventing and fighting against COVID-19, thus contributing to the country’s efforts to effectively handle the pandemic.
With these moves, many sci-tech achievements have been made, with its role increasing in economic sectors like agriculture, industry, and trade, energy, transport, banking and finances, and healthcare, thus supporting the country in its digital transformation path.
Source: VIR
Related News
REMITTANCES TO HCM CITY RISE NEARLY 40% IN Q3
Remittances to HCM City reached more than US$2.83 billion in the third quarter of this year, up 39.5 per cent from the previous quarter and 3.6 per cent year-on-year. This was the first quarter showing positive annual growth this year, helping narrow the decline in remittance inflows over the first nine months. According to the State Bank of Vietnam (SBV)’s Regional Branch 2, remittances transferred to HCM City through credit institutions and economic organisations totalled $2.835 billion in Q3, an increase of more than $802 million from the previous quarter.
TECH SECTOR GROWTH OPENS UP OPPORTUNITIES FOR VIỆT NAM TO GO GLOBAL
The growth of the electronics, semiconductor and high-tech sectors worldwide is opening up a variety of opportunities for Vietnamese enterprises to integrate more deeply into the global supply chain. However, to become suppliers for these corporations, domestic enterprises must meet rigorous standards regarding quality, technology, productivity and order fulfilment capabilities.
FOREIGN INVESTORS SEEKING A SYNCHRONISED MANUFACTURING ECOSYSTEM
Instead of focusing only on land costs and incentives as usual, foreign investors are seeking a synchronised manufacturing ecosystem, from stable power supply and logistics to shared infrastructure and the convenience of completing residence procedures for experts to serve their long-term investment in the country.
SENTRYSAFE FHW40200 – PROTECT YOUR VALUABLES, ENJOY PEACE OF MIND!
Looking for a reliable solution to protect your important documents, cash, and valuables from fire and water damage? Genuine SENTRYSAFE - Reliable protection for your valuables and peace of mind! Contact Sen Wai Vietnam for more information and personalized product recommendations.
HCM CITY ATTRACTS US$5.7 BILLION INTO EXPORT PROCESSING AND INDUSTRIAL ZONES
HCM City attracted US$5.7 billion in domestic and foreign investment into its export processing and industrial zones during the first nine months of 2026. The figure exceeded the city's full-year target by 31 per cent, highlighting strong momentum in high-quality industrial investment under Resolution No.10-NQ/TW. Total investment reached 131 per cent of the 2026 target of $4.25 billion and represented a 29 per cent increase compared with the same period in 2025, according to the city's Export Processing and Industrial Zones Authority (HEPZA).
DONG THAP PROVINCE STEPS UP INDUSTRIAL EXPANSION AND INFRASTRUCTURE CONNECTIVITY
Accelerating public investment, strengthening inter-regional connectivity, and expanding industrial land are helping Dong Thap efficiently bolster competitiveness and drive economic growth. Following the 2025 merger of the former Dong Thap and Tien Giang provinces, the expanded Dong Thap province in the Mekong Delta faces mounting pressure to accelerate infrastructure development and strengthen connectivity among local economic zones, urban areas, industrial parks (IPs), and production centres.






















