Presenting the draft law, Minister of Science and Technology Nguyen Manh Hung said the amendments aim to institutionalise the Party’s orientations and implement recent NA resolutions, including the Politburo’s Resolution No. 57-NQ/TW on breakthroughs in science, technology, innovation, and digital transformation, Resolution No. 68-NQ/TW on developing the private economic sector; and Resolution No. 66-NQ/TW on reforming law making and enforcement to meet the demands of national development in the new era.
Presenting the verification report, Nguyen Phuong Tuan, Vice Chairman of the NA’s Committee on Science, Technology and Environment, basically agreed with expanding the scope of transferable technologies in line with global trends, such as green and clean technologies.
He stressed the need for strong and practical incentive mechanisms to effectively implement the policy of promoting technology diffusion from foreign-invested enterprises to domestic ones, as well as to include small- and medium-sized firms in the target group.
Tuan noted that mechanisms should be established to control the self-determination of technology valuation to ensure flexibility and protect third-party rights. He also proposed adding provisions authorising the Government to regulate valuation appraisal, and to specify measures supporting technology-based capital contributions and related valuation procedures.
The NA committee requested that the drafting agency define a roadmap for implementing the regulation requiring organisations and individuals involved in technology transfer to provide complete, accurate, and timely information about such activity on a digital platform, ensuring feasibility in practice.
Agreeing with the Government’s proposed scope of amendments, Hoang Thanh Tung, Chairman of the NA Committee on Legal Affairs, suggested further clarification to ensure consistency with other relevant laws, including those on science, technology and innovation; on corporate income tax; on intellectual property; and on high technology.
Speaking at the session, NA Chairman Tran Thanh Man stressed that the amendments should aim to promote endogenous capacity and commercialisation, overcoming the long-standing situation of research results being shelved. He noted that the revised law would support startups and help improve labour productivity and the digital economy, aligning with the Ministry of Science and Technology’s ongoing efforts to advance digital transformation and innovation.
The top legislator also urged integrating strong incentives such as tax benefits, funding support through innovation funds, and technology transfer commitments from foreign investors to attract high-tech FDI. He underscored the need for transparency and professionalisation of the technology market, especially through regulations on central exchange platforms and public technology listings to enhance market efficiency, reduce risks, and better connect supply and demand.
