He also noted that related issues raised by legislators should be further studied and incorporated to promptly bring the Politburo’s Resolution No. 57 into practice.

Party General Secretary To Lam speaks in a group discussion as part of the National Assembly’s 9th extraordinary session on February 15 morning.

Speaking in a group debate within the National Assembly’s 9th extraordinary session on Saturday morning, the Party chief requested the prompt implementation of the NA’s resolution on piloting certain policies to resolve obstacles in scientific and technological development, and innovation activities, stating that it is necessary to address institutional bottlenecks as soon as possible.

He pointed out issues that need to be settled in the Bidding Law, stressing that if the bidding process does not encourage the purchase of high-quality equipment and instead prioritizes the cheapest options, Vietnam risks becoming a dumping ground for outdated science and technology.

The General Secretary suggested finding ways to avoid repeating mistakes of other countries in the process of scientific and technological development, noting that some economies have failed to develop in science and technology because they were burdened by outdated investments, struggling to recover capital before being able to innovate and adopt new technologies.

Additionally, he mentioned public investment, private investment, public-public partnerships, and public-private partnerships, emphasizing that these relationships must take into account efficiency, avoiding mechanical and rigid approaches.

Regarding tax exemption, the Party chief said incentive policies must be designed in a way that truly encourages development, rather than focusing solely on maximizing fees and collections. He added that these policies must be properly reflected in the laws.

To meet development requirements, barriers must be removed, and everyone must work together in the same direction, Lam stressed.

He asked for prompt amendments to the Law on Science and Technology, followed by revisions to other laws to ensure consistency and alignment with practical requirements.

To bring relevant policies into reality, it is important to renew mindset, innovate approaches, and find suitable and effective solutions, the Party leader added.

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Vietnam's digital tech sector boasts nearly 74,000 companies

As of late 2024, Vietnam had 73,788 digital technology enterprises, marking a 10.1% increase from the same period in 2023. Nearly 1.26 million workers are employed in the Information and Communication Technology (ICT) sector.

ASEAN members agree to build safe digital environment

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Da Nang, Hoi An in Asia's top 5 affordable destinations for American digital nomads

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